Blockware Solutions, an infrastructure provider for blockchain technologies, released a new report that took 6 months in the making, detailing the adoption pattern of the flagship cryptocurrency Bitcoin (BTC). Blockware Reveals Adoption Rate for BTC In a report titled ‘Bitcoin User Adoption’, Blockware Solutions predicted that the global Bitcoin adoption is likely to hit 10% of the world’s population by the year 2030. Blockware said it arrived at this forecast by applying the historic S-Curve adoption pattern of technology and on-chain entity metrics. Our latest #Bitcoin Research Report is out! 6- months in the making, enjoy!https://t.co/uIXrd9hLmz — Blockware Solutions (@BlockwareTeam) June 10, 2022 Additionally, the firm examined historical adoption curves for nine past disruptive technologies and calculated the percentage of U.S. households that use them. This includes automobiles, electric power, smartphones, the internet, and social media, along with the growth rate of Bitcoin adoption since 2009. Of those metrics, the company calculated a weighted average-60%, denoting 20% to each for- Internet, Smartphones, and Social Media. Based on a metric called Cumulative Sum of Net Entities Growth and Bitcoin’s, the firm predicted, “we forecast that global Bitcoin adoption will break past 10% in the year 2030.” Prediction Model Conceptual for Now Lastly, the report stressed that the model used to predict the rate of adoption was o...
