Hello everyone, today we will talk about the growth rate of cryptocurrency users
Let’s take a look at this picture first:
This picture is a curve chart of the popularity of various new technologies.
As can be seen from the figure, the process from the launch of a new technology to its popularity is very rapid, especially the speed of the popularity of the Internet and mobile phones, which is particularly astonishing.
The picture below is a comparison of the growth curve of Internet users and the growth curve of digital currency users.
The white line in the picture is the growth process of Internet users from less than 10 million users to 1 billion users in 14 years from 1992 to 2006, while the yellow line in the picture is the growth process of the number of digital currency users.
We can see that the growth rate of digital currency users is basically close to the growth rate of Internet users or even faster. According to this speculation, the number of digital currency users will reach 1 billion by 2024~2025.
In fact, the two have a lot in common:
1. In the early days, technology-savvy users and elites raised its profile and brought it into the mainstream;
2. Because of the advanced technology and concepts, some people cannot be attracted quickly;
3. Both face regulatory pressure as government agencies struggle to regulate the technology, and more.
Let’s take a look at the famous “technology adoption life cycle” normal distribution curve:
This model divides the process of consumers adopting new technologies into five stages, including innovators (about 2.5%), early adopters (about 13.5%), early majority (about 34%), late majority (about 34%) and Laggards (about 16%).
Since the number of crypto users in 2023 is about 605 million, accounting for 7.5% of the world's total population, this also shows that the industry is still in the "early adopter" stage. Combined with our above growth rate of cryptocurrency users and the growth rate of Internet users
It can be summed up in one sentence: First of all, digital currency will be popularized very soon; it is still in the very early stage of digital currency, and everyone has a lot of room for development.
Everyone here knows what this means, right? 😀
