The crypto market has changed and I think its a sign of mass adoption

[Macoach]

As much as we would all like to give the impression that the cryptocurrency market can be predicted with certainty using numerous theories, such as the 4-year cycle theory, which is meant to anticipate both bull and bear markets. While all of this has historically been demonstrated a few times, there is no denying that the landscape of the entire cryptocurrency market has fundamentally shifted as a result of this recent mainstream adoption.

And given that most people today have heard of the term "Crypto," it would be ridiculous to apply the same sets of regulations to a Crypto market that was previously only known to those who invested money in it.

The growth of new entities (Addresses) entering the cryptocurrency market can be seen in this chart, and it is obvious that each spike corresponds to a bull market. However, one thing stands out, and that is the enormous spike that occurred during the bottom of the $15k bear market last year. This spike even exceeds the bull market's 2021 level.

This is tremendously bullish, showing the first signs of true broad adoption and how far cryptocurrency has come that we can even experience such euphoria in the midst of a bad market.

We can also see this when we consider the practically constant "Bitcoin" trendings on Twitter/X and that even in current bear market, suggesting that the cryptocurrency environment may have actually altered to a point of no-return. Regardless of the short-term pricing, cryptocurrencies have really become a topic of conversation for individuals every day and I think this is something we all agree on.

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[TheUltraElite]

Last few years I have been over hearing people talk about crypto/trading/altcoins/exchanges in public transport and when I first came to this forum, it was nowhere present here. So defenitely people have become more aware and knowledgeable about crypto and its use.

But bitcoin<altcoin is what I have felt in the adoption. Surely bitcoin has its place among the veterans of this community but the younger generation getting their first touch of crypto usually ends up with a shitcoin in their wallet. This may have a bad impact on their trading or investing career in the long run. Completely my own opinion though.

If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.

[pawel7777]

So, if I understand correctly, the "Entities Net Growth" (orange line) represents new addresses (to which some deposits have been made) and not total active addresses?

However, one thing stands out, and that is the enormous spike that occurred during the bottom of the $15k bear market last year. This spike even exceeds the bull market's 2021 level.

It has got to be in relation to some events outside of normal market activities. Maybe people getting spoofed by FTX or Binance troubles and moving funds away either different exchanges or to non-custodial wallets? There's no way this is an organic growth.

[stomachgrowls]

Last few years I have been over hearing people talk about crypto/trading/altcoins/exchanges in public transport and when I first came to this forum, it was nowhere present here. So defenitely people have become more aware and knowledgeable about crypto and its use.

But bitcoin<altcoin is what I have felt in the adoption. Surely bitcoin has its place among the veterans of this community but the younger generation getting their first touch of crypto usually ends up with a shitcoin in their wallet. This may have a bad impact on their trading or investing career in the long run. Completely my own opinion though.

If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.

Government wont really be going into the verge on being forced on accepting crypto into their vicinity.It would really be depending on various reasons on which they would really be making out such consideration
but in overall they would really be always having the final say on how things should really be that taken and we know that government doesnt really like decentralized things on which it would really be that so common that they would really be that rejecting the overall idea and acceptance of it due to that particular reason. Mass adoption? It is really that something inevitable because we are still a decade+ on existence but we could really
make out that comparison in between adoption rate and recognition in between those early years upto this present.

Talking about its existence would really be that more rampant specially if the market would really be making up some noise specially on bull run season. On the time that they would be hearing out those
people who do make money then this is where people do usually jump in. Its not really that something unavoidable because human beings do really get attracted with money making things rather than on utility. 
Charts dont lie and we do really see those significant jumps and indicators about huge buys but we cant really point out that those are really that made up by tons of people or simply a
whale move.

[Aanuoluwatofunmi]

The crypto market always appears of high relevance because of the importance it serves to the financial economy, there have been diverse opportunities coming in through this, investing in bitcoin is one of the greatest choice to make in cryptocurrency, when the market goes volatile, then it brings in the openness to make profitable investment a reality on every investors, the value placed on the cryptocurrencies are base of their important roles, market cap and volume altogether with the demand and supply rates, bitcoin top the leads in this regard and is the people's best and most preferred digital currency.

[Alpha Marine]

But bitcoin<altcoin is what I have felt in the adoption. Surely bitcoin has its place among the veterans of this community but the younger generation getting their first touch of crypto usually ends up with a shitcoin in their wallet. This may have a bad impact on their trading or investing career in the long run. Completely my own opinion though.

The first time a lot of people heard about crypto it was mostly about an altcoin. This is due to the marketing of these altcoins. They spend a lot in marketing and they know how to recruit people to their cause. Some people do not understand how it works but they have wallets and a particular coin in them just because it was sold to them and made to believe that it would make them rich.
Every day I see new coins that are being marketed on my X (twitter) timeline.

The popularity of crypto skyrocketed during the last bull run. In that period all people could talk about was crypto and how it could make them rich. The dip happened and a lot of them separated themselves from crypto. This is mainly because they either invested in the wrong coin or didn't have a clear idea of what crypto is.

[AmoreJaz]

The crypto market always appears of high relevance because of the importance it serves to the financial economy, there have been diverse opportunities coming in through this, investing in bitcoin is one of the greatest choice to make in cryptocurrency, when the market goes volatile, then it brings in the openness to make profitable investment a reality on every investors, the value placed on the cryptocurrencies are base of their important roles, market cap and volume altogether with the demand and supply rates, bitcoin top the leads in this regard and is the people's best and most preferred digital currency.

though we can't say this in general to the global population but the population going into this crypto market, is indeed increasing day by day. it may not be big as compared to the world population, but more and more stakeholders are trying to participate in this market.

[Abu-Naim]

If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.

Yeah, you are right. If the bitcoin price will pump and be like thousands of dollars today, the government will start viewing it as something they will need to engage themselves in because of these people in political powers that are disagreeing with bitcoin, are very wealthy, and are ignorant of bitcoin. That is why most of them are still discouraging their citizens from adopting bitcoin. That is why I also support the idea that if bitcoin hits some huge amount of money in the market today, they will embrace the currency as they are the ones that discouraging people from accepting. I believe it’s hit the amount you are thinking we are going to mass adoption in the history of bitcoin.

[tabas]

though we can't say this in general to the global population but the population going into this crypto market, is indeed increasing day by day. it may not be big as compared to the world population, but more and more stakeholders are trying to participate in this market.

I agree, we just go back a few years ago and there was like a lot of negative news saying that Bitcoin is going nowhere but to the pit, and then so on. But look when the adoption rate has grown and the media has been reporting about financial institutions adopting Bitcoin and investing in it. The fact that the market has changed and many institutions came in was like the trend on the 2021 bull run and it shall continue with these ETFs once they're all or most of them approved.

If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.

I reckon, true that when Bitcoin has popped again the news and then they're seeing that the price is increasing and seems unstoppable, they've got no choice but to accept and adopt it lightly as it can help each country's economies to have another source of taxation. Maybe the CBDCs are foreshadowing of it.

[Text]

Crypto is no longer just a niche topic for tech enthusiasts; it is now something that is being talked about by people from all walks of life. The progress that has been made in recent years is remarkable, and I believe that crypto mass adoption is inevitable. I am excited about the potential for crypto to democratize finance and create new opportunities for people all over the world, making it a more equitable and prosperous place.

[lionheart78]

As more centralized services integrate Bitcoin into their platform and lots of new exchanges get approved by the governments of different countries, there is no doubt that the popularity of Bitcoin is ever-increasing.  Although many of us are not fond of centralized services, they are the major factor in why there is a huge amount of adoption happening in the Bitcoin industry.

With the establishment of a centralized platform integrating Bitcoin, there are more entities that promote Bitcoin which in return helps the Bitcoin industry proliferate, penetrating different areas and audiences.

[Nrcewker]

Definitely time has changed. Bitcoins when it was initially launched, it was hated by the masses. Many didn’t know about its existence at that time. But now, everything has changed. This all happened due to the record breaking ATH price that Bitcoins achieved in 2019-2020 time. More people came to know about it and saw opportunity to invest in it. Now definitely the mass adoption will happen, as they will try to accumulate more Bitcoins and will sell at very high price when the demand will be high.

[Lucius]

I would not call it "adoption" in the literal sense of the word, but only a certain type of awareness that there is a certain form of investment that in a very short time (several months or one year) can result in significant profit. I think that the famous four-year cycle has spread so much among the masses that most people believe that it is a done deal and a sure profit.

It is obvious that some bet with the conviction of a sure profit and that the accumulation time is still going on, with the fact that the majority will still very likely join only when they are sure that the new big bull run has started, and if there is no super good news before halving, such a bull run should not be expected before Q3/Q4 2024.

I kind of hope that in that case the price will rise by 50% or more in the next ten months, which would mean that in the next big bull run, we could start from a position of at least $40 000 for 1 BTC.

[Poker Player]

Well, it may be a sign of mass adoption but I am not as optimistic about it as the OP. When the bull market started in this cycle, it was called the institutional adoption cycle, and it looked like companies were going to do mass as MSTR. In the end it has been the but cycle in terms of percentage returns. I think mass adoption will come, but it will continue slowly. I don't think the spike in addresses will be a determining factor.

[ShowOff]

Crypto is no longer just a niche topic for tech enthusiasts; it is now something that is being talked about by people from all walks of life. The progress that has been made in recent years is remarkable, and I believe that crypto mass adoption is inevitable. I am excited about the potential for crypto to democratize finance and create new opportunities for people all over the world, making it a more equitable and prosperous place.

Rather than expecting worldwide mass adoption of crypto as legal tender, I would prefer to see how likely countries with strong economies are to adopt it. The real use case of bitcoin as a currency is still prohibited in a large number of countries, in fact my country also still prohibits it. It will take a long time for the government to change these regulations, but it is not impossible.

Global adoption of crypto, especially bitcoin, may be inevitable if demand is higher. The government certainly has the power to prohibit it, but if they get something promising from adoption cases then I'm also sure the government will change its regulations on adoption.

[danherbias07]

A lot has changed. I think those optimistic enough all agree with that.
Soon, it will be better and it's not just about the price anymore but the value of Bitcoin as both asset and currency. Young people also tend to bump into Bitcoin because it has been the talk ever since the Grayscale won against the SEC with the Bitcoin Spot ETF approval. All we need is patience before the SEC will give up and let it in.
There's probably a fear of missing out also happening and this could be one of the reasons why many addresses are suddenly being made and it's given considering how much impact this piece of news could have on every crypto enthusiast.
They are getting ready and it's better that way than to miss the boat and be left out one more time.

[goaldigger]

Crypto is no longer just a niche topic for tech enthusiasts; it is now something that is being talked about by people from all walks of life. The progress that has been made in recent years is remarkable, and I believe that crypto mass adoption is inevitable. I am excited about the potential for crypto to democratize finance and create new opportunities for people all over the world, making it a more equitable and prosperous place.

Exactly and our own government is already making a move to slowly adopt crypto and they are hosting multiple of events already just to inform the public to be more safe in the world of cryptocurrency. This is a difference situation now and we are on the stage of adoption, sooner or later those who are agains this before will start to adopt or else they will be left behind by their competitors and their business will be in trouble.

[taufik123]

-snip-
We can also see this when we consider the practically constant "Bitcoin" trendings on Twitter/X and that even in current bear market, suggesting that the cryptocurrency environment may have actually altered to a point of no-return. Regardless of the short-term pricing, cryptocurrencies have really become a topic of conversation for individuals every day and I think this is something we all agree on.

Especially ahead of the 4th Halving next year which makes Bitcoin always an interesting topic to discuss because we are close to the most anticipated moment that will make the market experience a bull run like the previous halving.

But will it happen according to past history?
Or will there be many changes that occur?
You can see now that many are speculating about the average Bitcoin price reaching $100k and above and even in the next few years reaching million-dollar prices.

That's pretty wild speculation and it also doesn't seem to make sense at a price of millions.
Mass adoption hasn't fully happened yet, there are many who oppose and give half the regulation that doesn't really support bitcoin or crypto.

[South Park]

Last few years I have been over hearing people talk about crypto/trading/altcoins/exchanges in public transport and when I first came to this forum, it was nowhere present here. So defenitely people have become more aware and knowledgeable about crypto and its use.

But bitcoin<altcoin is what I have felt in the adoption. Surely bitcoin has its place among the veterans of this community but the younger generation getting their first touch of crypto usually ends up with a shitcoin in their wallet. This may have a bad impact on their trading or investing career in the long run. Completely my own opinion though.

If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.

This is something I have been noticing more lately, years ago it was unheard of to see people talking about this market or wearing a shirt with a bitcoin logo, but I have noticed this has changed and it is happening more and more often, however to my surprise meme coins are the most common topic of conversation I hear related to this market, so I expect that during the next bull market useless coins like that will perform great for a time only to collapse at an amazing speed, and most of those people will lose their money and even the interest they had on this market.

[OgNasty]

Even Joe Rogan is now saying that Bitcoin is the best chance at a global currency. I think it won’t be long before we see another bubble type scenario in Bitcoin’s price. All the stars are aligning for 2025 to be another bubble year with gains that surprise the hell out of everyone. After the last cycle, we’re overdue for a monster rally.