Bitcoin Mass Adoption Can’t Be Far Off — That Means Surging Demand

bitcoin mass adoption

When you look at past technological developments — from the 19th century industrial revolution through the introduction of the telephone, personal computers, Internet, and smartphones — there is a typical pattern for adoption of new technology.

Technological progress is increasing at an exponential rate. And the adoption of new technologies is also rising at an exponential rate. The adoption rate follows a typical path, often described as an ‘S’ curve. The chart below shows a few examples of new technologies and how quickly they were adopted.

The ‘S’ curve slants to the right with the lower portion of the ‘S’ depicting the phase when the new technology is slowly being adopted. At a tipping point, the adoption curve begins to accelerate to the upside. When the technology is mature and most people have accepted it, the adoption curve begins to slow its acceleration, creating the upper portion of the ‘S’ curve.

The adoption of the personal (micro) computer began in 1984 and was slow for the first decade. It took about 10 years to climb from about 10% to 25% adoption but then the curve began to accelerate higher in 1994. 

Over the next eight years, the curve climbed to 60% adoption by 2002 before slowing its climb. It took another 8 years to climb to nearly 80% by 2002. It’s been running fairly flat since then.

Rapid climb

If you were to look at a stock chart for Dell (not shown here), the once-popular maker of personal computers, take a guess when it was the best time to be an investor in the company. You would have been early if you had invested before 1990, when it traded at a split-adjusted price of about $0.10. 

It took 7 years from its IPO in 1988 to reach a split-adjusted price of $1.41 in 1995. The stock price then climbed rapidly in just four years to get above $50.

During the early part of the ‘S’ curve, from 1988 to 1995, Dell’s price increased 13x. That’s a nice return, but in the next 4 years, from 1995 to 1999, Dell’s price climbed nearly 35x. It was a rally almost 3 times greater than the early increase and it happened in half the time. That’s the beauty of knowing when to invest in a new technology.

You can also see on the chart above how more recent technology developments are experiencing a faster adoption curve (the ‘S’ is getting more vertical). The adoption of the tablet computer has climbed rapidly from less than 5% in 2010 to more than 60% in 2018.

So where is BTC in its adoption curve? The chart below provides some perspective. From its inception in 2009 (0% adoption), it took about 10 years to reach 15% adoption. The curve typically begins to accelerate higher once it reaches 15% to 20% adoption. 

That’s where BTC is right now and it means we’re on the cusp of experiencing an accelerating adoption rate. Now is the time to invest, not when it has already achieved a high adoption rate.

If you’d like to learn more about cryptocurrencies, crypto exchanges and the state of the crypto market, sign up for a free trial of my weekly Crypto Wealth Protocol newsletter.

Recommended Articles

Live Near Water? You Probably Paid Too Much for Your House. Here’s Why (Map)

Even a cynic recognizes that opportunity is a key to prudent business timing. Consider home buying. If you’re in the market for a new home, and are informed and discerning

3 Reasons to Should Avoid Life Settlement Policies

Most Americans don’t take life insurance for granted because almost one out of every two Americans don’t have it. According to the Insurance Information Institute, only about 54% of Americans

Feeling Hangry? How to Avoid Food-Related Mood Swings

Food that you eat is processed into simple sugars, free fatty acids and amino acids. The nutrients are moved into the bloodstream where they are assimilated by organs, tissues, and

How to Put Your Investments On Autopilot — and Win

Are you committed to investing a part of your monthly income towards retirement? You can insulate your financial future against unforeseen emergencies and economic risks if you use an automatic

Best Time to Sell or Buy a Home? It Depends…

When's the best time to buy or sell a home? That's a great question. A lot depends on who you are, seller or buyer. Traditionally, the best time of year

6 Sneaky Habits That May Be Causing Your Overeating

Overeating? Many people vastly underestimate how many calories they consume in a day. Even if you believe you restrict your daily calorie consumption, you may be consuming more calories than

How Shark Tank Judge Barbara Corcoran Nearly Lost $400,000 — Just by Reading an Email

According to a 2017 FBI Internet Crime Report, individuals and companies lost over $5.5 billion between 2013 through 2017 due to email phishing scams. Email phishing scams are deceptive emails

5 Reasons a Wrist Watch Can Be Worth More Than a Luxury Car — and Even Retain More Value Over Time

Placed side by side, a Rolex White Gold Presidential Oyster Perpetual wristwatch, is not much larger than a typical, multi-function digital timepiece made by Casio. Yet one costs over $7,000;

Biggest and Smallest National Gaps Between Rich and Poor (and Where America Ranks)

In the United States, the richest 1% controlled more than 40% of the wealth in 2016. The last time wealth inequality gaps were this wide was during the Great Depression.

3 Best Travel Websites That Save You Money

There’s a lot of travel sites out there and they all seem very similar. If you are planning for spring break in 2022, next year’s summer vacation or just getting

35 Healthy, Natural Foods You Should Be Eating

Did you know that the healthiest foods in the world are actually highly affordable, simple foods that can be found in any supermarket? The most healthy foods you should be

5 Ways to Boost Return in Your Investments While Actually Cutting Risk

Are you looking for ways to earn higher returns without risking it all? When it comes to investing your money today, there are plenty of options that promise attractive returns.