Mass adoption of crypto is coming, but how fast?

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Cryptocurrencies need to achieve mass adoption to unlock their maximum potential as a network technology and their value as financial assets.

As with other technologies, crypto adoption follows a classic bell curve: starting with a small number of innovators, it grows as early adopters adopt it, growing to mass adoption as that it extends to the early and late majority. Finally, it reaches those who are behind in its final phase.

Since its launch 14 years ago, Bitcoin (BTC) adoption has increased dramatically. Cryptocurrency has gone from being a fringe technology discussed by a small group of cypherpunks and nerds to being known around the world, with some nation states even adopting it as legal tender.

By most estimates, however, the global crypto adoption rate is still in single digits, meaning it is still in the early mainstream phase of global adoption.

To grow further and achieve true mass adoption, crypto will need to overcome the chasm that separates the early adopters from the early majority. To do this, some catalysts may be needed.

What are these catalysts and how close is crypto to mass adoption? To find out, don’t miss the latest Cointelegraph report on YouTube and don’t forget to subscribe!

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