Hello!
The other day I was reading twitter and I found a chart from Willy woo, one of the best onchain analysts for Bitcoin. He was discussing what is the % of adoption for Bitcoin and was comparing it with the adoption S-curve of Internet users. The results are very interesting.
Here you have the chart:
If his numbers are accurate, we are still very early. Data says so, and if Bitcoin's fate is to follow a same adoption S-curve as Internet the future is bright.
If you take a closer look at the curve, at the beggining the growth rate is slow, but eventually it gets faster and the growth rate increases. At some point it starts accelerating and growth explodes.
We are not in that phase yet. It's very good news!
Plan B also says the same
One of the OGs, Plan B also agrees that we are at this stage in the "adoption phase". And if we try to translate this curve to price, the trend should indicate EXPONENTIAL RETURNS instead of the theory of DIMINISHING RETURNS.
Sometimes it may seem counter intuitive to not consider diminishing returns, but there is some data and some evidence that points towards EXPONENTIAL RETURNS.
We would love that, hopefully are all still here enjoying the rewards that early adopters get.
I hope you have a great day!
Posted Using InLeo Alpha
It would be nice to still be so early. From reactions to merely the name of Bitcoin (or crypto, in general) being pronounced, I'd say we are early, indeed.
Sure! Exciting times ahead of us.