Bitcoin Adoption Surpasses Internet And Mobile Growth Rates

According to PANews, a recent report by BlackRock highlights that since its inception in 2009, Bitcoin's adoption rate has outpaced other groundbreaking technologies such as the internet and mobile phones. Several factors have contributed to this rapid adoption. Firstly, demographic trends indicate that younger generations, often considered 'digital natives,' are more inclined to adopt Bitcoin compared to Generation X and baby boomers. Secondly, global changes such as inflation concerns, political divisions, and issues within the banking and financial sectors have enhanced Bitcoin's appeal as a decentralized asset. Lastly, the ongoing digital transformation of the global economy is reshaping the financial landscape, with the maturation of digital asset infrastructure lowering entry barriers and creating new use cases for Bitcoin. The report notes that within 12 years, the number of cryptocurrency users has reached 300 million. In comparison, it took the internet and mobile phones 15 and 20 years, respectively, to reach the same number of users, indicating that cryptocurrency user growth is 20% faster than the internet and 40% faster than mobile phones.