Bitcoin's S-curve: How long will it take for BTC to be quickly accepted and adopted

We believe: By 2030, 90% of Americans will own or use cryptocurrencies. Compared with today's 10% holding rate, this ratio will increase by 8 times. This is why we think encryption will go mainstream.

The S-curve is the gold standard for charting how quickly the public embraces and adopts new technologies. From the innovation stage, the growth stage, to the mature stage, the S-curve expresses the growth trajectory of the time and degree of acceptance of a technology or product from launch to widespread acceptance.

Taking broadband Internet as an example, the following chart shows the S-curve of broadband Internet development in the United States from 1993 to 2017:

VanEck resubmits Bitcoin ETF application to SEC: Jinse Finance reports that investment management company VanEck has filed a registration form with the US Securities and Exchange Commission (SEC) to launch a Bitcoin Trust Fund (VanEck Bitcoin Trust). If approved, it would be the first bitcoin ETF to be approved by the US SEC. Shares of this ETF will be traded on the Cboe BZX exchange. VanEck had applied for a similar product twice before, but withdrew both. [2020/12/31 16:07:29]

What can be seen is: from 1993, it took 8 years for the Internet to be accepted by 10% of the US population; from 2001, it took another 8 years to reach 90% from 10%; after 2009, Almost everyone knows and uses the Internet, and it has become closely related to people's daily life.

The number of Bitcoin Lightning Network nodes reached 12,924: According to 1ML data, the current number of Bitcoin Lightning Network nodes reached 12,924, an increase of 0.27% in the past 30 days; the number of channels was 37,037, an increase of 4.2% in the past 30 days; the network capacity reached 968.89 BTC, up 4% in the past 30 days. [2020/6/27]

From 0 to a penetration rate of over 90%, the Internet has been used for nearly 20 years. This relationship is evident in almost every major technological innovation of the last century, not just the Internet.

Again, we see this pattern with mobile phones... it took 14 years for mobile to reach 10% penetration, and another 14 years to get to 90%.

Let's turn our attention back to Bitcoin...

Dynamics | The police in Shangcheng District of Hangzhou City took down a bitcoin fraud gang: According to Hangzhou Daily, on October 23, the police in Shangcheng District of Hangzhou City notified a bitcoin fraud case. In early April this year, Mr. Xu from Henan received a WeChat friend application. During the chat, the other party always mentioned that he was engaged in bitcoin transactions and made a lot of money. After a while, Mr. Xu was a little tempted, and was pulled into a WeChat group for bitcoin speculation. After joining the group, Mr. Xu was completely tempted to see people posting screenshots of making money from time to time. According to the link provided by the other party, he downloaded a mobile app and started bitcoin transactions. Under the guidance of the "account manager" and "mentor teacher", I invested more than 200,000 yuan in the mobile APP within one month, all of which were lost. At present, the Shangcheng police have contacted more than 200 victims across the country to complete evidence collection. More than 100 members of the criminal gang have been taken criminal compulsory measures according to law, and the case is being further processed. [2019/10/24]

It has been 10 years since Bitcoin was first used for transactions, and some surveys show that about 10% of Americans currently own Bitcoin. This means that within the next 10 years, we are likely to see 90% penetration.

Voice | KrakenCEO: Bitcoin is benefiting from the inflow of fiat currency because USDT increases the supply of Bitcoin: according to cointelegraph, the CEO of cryptocurrency exchange Kraken was interviewed by the financial news channel TD Ameritrade Network on July 1 Bitcoin is benefiting from the inflow of fiat currencies, as USDT increases the supply of Bitcoin. Historically, when USDT supply increases, we also see USD supply increase. What you see in tether now is just a very transparent reflection of what is happening at the level of the banking system and all exchanges. In 2019, the total supply of Tether more than doubled. Markets quickly shrugged off legal concerns when they first emerged in late April, with bitcoin hitting a 15-month high of $13,800 last month.

Data from the monitoring resource Coinlib continues to show that USDT is the main source of value flowing into Bitcoin in the past 24 hours, [2019/7/2]

From the logic behind Bitcoin, the number of Bitcoins is limited. Inescapable: Bitcoin will eventually have a supply of around 21 million coins. Due to the scarcity of Bitcoin, we can predict that its value will increase over time as the supply of Bitcoin decreases. Through the analysis of the S2F (stock to flow) model, we predict that the price of Bitcoin will rise to $100,000 in the next four years. To learn more about the logic behind Bitcoin, please refer to the previous article of Berry Research: "The emergence of the next batch of billionaires may be attributed to the rise of cryptocurrencies"

There is also a "sexy" S-curve blessing. In the next ten years, the increasing penetration rate will accelerate the increase in the value of Bitcoin. It is no longer a dream to go from the current $10,000 to $100,000 or even millions of dollars.

Bitcoin is no longer the original obscure concept, and its topic and popularity will only increase. People heard that some people got rich or went bankrupt overnight because of Bitcoin. Everyone began to discuss blockchain technology, study Bitcoin, and look forward to riding the wind and waves through cryptocurrency and entering the next investment outlet...

Over the past few months, we have seen how governments around the world erode confidence in fiat currencies by printing money like never before. With the COVID-19 pandemic, people have also taken a step towards digital cash in order to avoid touching paper money.

At the same time, the cryptocurrency industry has also attracted many new buyers. Over the past few years, Visa, Facebook, JPMorgan Chase, Twitter's Jack Dorsey and hedge fund legend Paul Tudor Jones have all invested or are working on cryptocurrency-related projects.

Every day, better products are launched on the market that make cryptocurrencies and tokens simpler, more secure, and easier for users to use.

In short, the next crypto bull run is around the corner. However, before encryption can truly go mainstream, there is a problem that needs to be solved. This problem is becoming more and more apparent every day...

Due to the nature of the blockchain itself, cryptocurrencies are highly isolated. Different blockchains, exchanges and wallets cannot connect to each other. We need some way to connect them together.

Therefore, Berry Research recommends that you use a cryptocurrency that can be connected to the global blockchain. We believe that this will make the use of cryptocurrencies very easy and its rise can accelerate the development of the cryptocurrency industry...It is no exaggeration to say that we expect this cryptocurrency to have the potential to achieve a 500% increase in the next two years income.

Do you want to know which cryptocurrency it is? How does it connect the world's blockchains together? What is its own value? We will unveil its mystery in the next issue of cryptocurrency feature!

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