The average hodler should be about 64,100 Satoshi, or 0.00064100 in the next few years.
One of the great challenges of Bitcoin in the next years is its adoption. Its assumption as a financial asset by institutional investors is in progress, drawing the attention of the specialized financial media, by the followed exhibitions of billionaire investors, such as Ray Dalio and large investment funds, as were the cases of Fidelity and Microstrategy, for example. Several institutional movements heading towards Bitcoin, taking it out of the hands of enthusiasts and elevating it to a prominent position in the balance sheets of large investment portfolios.
For Mike Novogratz, CEO of Galaxy Digital, the awareness and education about cryptomoedas is still not high enough to bring more people into the industry, which suggests that people have not taken over Bitcoin yet due to the fact that buying it is still something difficult, in his recent interview on CNBC.
Some people don’t even know what cryptomoks are, some don’t have information about what they can be used for and others don’t see any benefit in it. Investments in cryptomaps and their use as an investment tool are associated with risks and for a long time Bitcoin was avoided as an asset to compose portfolios of funds. This scenario changed in 2020. It is also important to highlight that although Bitcoin is becoming a viable option for institutional capital, there is still some government unwillingness that serves as a basis for delaying the adoption of cryptomoeda, with government restrictions on the use of cryptomoeda for companies and financial institutions. Particularly in Brazil, which has not yet advanced laws and regulations more sympathetic to cryptomoeda.
Still too early‘ – 7% of Americans have already bought Bitcoin, says study
But if we are facing such an advanced technology, why the delay in its adoption and knowledge by people? For Harvard Business Review the answer is not in the disruption that Blockchain technology and consequently cryptomorphs represent, but in the fundamentals.
Blockchain technology is a fundamental technology: it has the potential to create new bases for our economic and social systems. But although the impact is enormous, it will take decades for the concept of Blockchains to penetrate the economic and social infrastructure in force. The adoption process will be gradual and stable, not sudden, as the waves of technological and institutional change gain momentum.
Technologies that change the status quo take decades to assimilate
TCP/IP was created in the laboratories of the Advanced Research Projects Agency (Arpa) in 1966, a research laboratory for military purposes and the creation of a decentralized communication network for the US Defense. The creation of the protocol gave birth to ARPAnet, which became the World Wide Web (WWW) in 1990.
It took over 30 years for TCP/IP to go through all phases – single use, localized use, substitution and transformation – and finally remodeling the economy. Today, more than half of the world’s most valuable public companies have platform-based and Internet-based business models. The rest is history.
The adoption of the Internet was not instantaneous either, in December 1995 there were only 16 million Internet users in the world, according to IDC data, only 0.4% of the world’s population. It only reached 1 billion users worldwide in December 2005, 15.7% of the world’s population, according to Internet World Stats data. It took exactly 10 years for the Internet to reach 1 billion users. Currently, according to Internet World Stats data, there are 4.833 billion users, or 62% of the world population.
With Bitcoin and all the technologies around it, it won’t be any different. Ten years after its launch, after much discredit, it starts to be absorbed by the great players and the next step will be the mass adoption by the population.
The adoption of Bitcoiné Millennial
According to a research made by The Harris Poll, on behalf of Blockchain Capital, carried out from April 23 to 25, 2019 with 2,029 American adults, Bitcoin proved to be much more ‚palatable‘ to the young than to the older ones, according to a post by Spencer Bogart, general director of Blockchain Capital.
According to the graph above, Bitcoin’s knowledge is strong in all age groups – those aged 18 to 34 have the highest knowledge rates, 90%, and those over 65, the lowest, 88%.