fxstreet.com 10 Feb, 2021 11:00 am

Bitcoin on track for mass adoption as it grows faster than the internet

Bitcoin has, from its inception, been compared to the revolutionary growth of the internet. This growth has been not only exponential but also rapid i

Mass adoption of the internet began in 1994 when governments decided to expand its usage to individuals and private entities.7% growth was boosted by mass adoption due to the improvement in technology, especially smartphones' introduction.However, the adoption of the pioneer cryptocurrency and the underlying technology, blockchain, seems to be outdoing the internet's mass adoption.However, Bitcoin's mass adoption is growing at a faster rate when compared to the Internet.

Bitcoin 4-year projected growth The number of new addresses joining the Bitcoin network illustrates how fast BTC is reaching mass adoption.Bitcoin network growth Consequently, another critical indicator of Bitcoin's exponential mass adoption is the number of active addresses.

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