Blockware Intelligence, the research arm of Blockware Solutions, predicts that international adoption of bitcoin will increase by 10% by 2030.
According to report Blockware Intelligence, the adoption of bitcoin is much faster compared to the automotive industry and other industries. Analysts looked at the historical curves of car, electricity, smartphone, Internet and social media usage, as well as the rate of Bitcoin adoption since 2009. New technologies have been found to follow an exponential S-curve, but as far as the latest networking technologies are concerned, they are being implemented much faster than the market expects.
Analysts explained that from the consumer’s point of view, the main incentive for the introduction of cars was the convenience and speed of movement, for the use of a mobile phone – the ability to make calls anywhere, and when introducing bitcoin into finance, the principles of game theory are applied, in which the most optimal strategy is not to refuse from bitcoin.
Based on the Aggregate Net Enterprise Growth metric and Bitcoin’s 60% compound annual growth rate, Blockware Intelligence concluded that by the end of this decade, the rate of international adoption of bitcoin will increase by 10%. This is due to the current macroeconomic situation, the possibility of making quick profits and the availability of the Internet.
The report states that the use of bitcoin is due to the “network effect”, similar to the Internet and social networks. The more people use any technology, the more valuable it is. The authors of the report concluded that, judging by the trend in the distribution of bitcoin in the future, its value will increase. At the same time, they warned that their forecasts cannot be used as recommendations for investing in bitcoin.
According to SEBA Bank CEO Christian Borel, widespread adoption of cryptocurrencies could accelerate if governments create clear regulatory rules governing cryptoassets. In this case, investors will feel safe.
Source: Bits
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