- The rate of Bitcoin (BTC) adoption is much faster than that of the Internet.
- We have moved from a web2 to a web3 world, the latter is growing much faster.
- The Internet debuted in the 1950âs, Bitcoin in 2009, the latter grew much faster.
The crypto Twitter space is gushing once again from a Bitcoin chart. This time the chart is drawing comparison to Bitcoin (BTC) and the Internet. It seems that the charts donât lie and Bitcoin has grown much faster than the Internet.
Read CRYPTONEWSLAND on
google news
Since its inception in 2009, Bitcoin has come a long way. It has gone from a value so low to a value that can now make financial freedom an attainable goal for the masses. The technology behind Bitcoin also sparked innovation in multiple industries.
Meanwhile, the Internet was invented in the 1950âs. Back then it was restricted to US military use alone. Eventually, it became open to the public, who then upgraded its capability and potential to what became Web 2.0.
Now, with blockchain technology, we have entered the Web 3.0 era. Indeed, the Internet has come a long way since its debut. However, its adoption and growth has taken much longer than that of Bitcoin (BTC).
Recently, more and more countries have begun to show interest in the adoption of cryptocurrencies. So much so that regulators from all over the world have started appointing crypto officials. These officials create relevant laws for regulating crypto services and to safeguard the rights of citizens.
One such example is how Saudi Arabia appointed its first cryptocurrency chief. In addition, many corporations and countries have seen enthusiastic responses from their users and citizens on crypto adoption.
For instance, Brazil recently announced hitting their milestone of 1 million Bitcoin and crypto users. Other countries are also joining in on the Bitcoin revolution. To highlight, Bahrain just made the decision to launch Bitcoin payment tests with OpenNode. No doubt the rapid adoption of crypto has indeed surpassed the speed at which the Internet grew. More importantly Bitcoin and cryptos hold monetary value as well. Presently, their standing rivals that of traditional investment assets such as gold.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as âCNLâ, is an independent media entity â we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
