Nowadays Bitcoin has around 500 million users, the same as the internet in 1997.
According to this research, by 2024 cryptocurrencies will reach 1 billion users, with an annual growth of 80%. Then in the following years, presumably up to 2030, the number of Bitcoin and crypto users will reach 3.7 billion, far more than the internet in 2006 (about 1 billion).
In short, this graph seems to be decidedly optimistic about the growth in bitcoin adoption. However, for some users the comparison is improper.
In fact, the Internet has proved irreplaceable and has significantly improved social organization. Bitcoin, on the other hand, is defined by some as “good but not necessary”, at least as long as there are other forms of money and other forms of safe haven.
Bitcoin users will continue to grow
But Bitcoin and the internet have something in common, they represent a market of clear growth.
However, the graph seems to suggest that the crypto world is still far too young. Bitcoin is actually just over 10 years old and therefore has plenty of time to further grow, improve and win the trust of users.
Of course, in the last year BTC has made great strides: it has reached new records, has seen adoption by institutional investors grow, and has even become legal tender in El Salvador.
Will we get to a point where we can’t do without Bitcoin too?