January 15, 2021
Among the long list of issues facing Bitcoin and other cryptocurrencies is adoption. When will crypto become more widely accepted for mainstream activities?
For HODLers and crypto fans alike, the good news is the adoption trajectory for Bitcoin looks compelling. Looking at the S-curve, which measures adoption of new technologies, Bitcoin is right where it should be according to many market observers.
“The S-Curve breaks global adoption into stages along the growth cycle: Innovators, Early Adopters, Early Majority, Late Majority, and Laggards,” writes Greg King of Osprey Funds. “Most of the growth occurs during the Early and Late Majority stages. Bitcoin is 12 years young and it is much earlier along this curve than gold which has been a Laggard for millenia.”