Study: Introduction of Bitcoin to 2030 year will increase by 10% – Bits Media

According to Blockware Intelligence forecasts, research division of Blockware Solutions, Bitcoin adoption internationally will increase by 10% to 2030 year.

According to a report by Blockware Intelligence, Bitcoin is spreading much faster compared to automotive and other industries. Analysts study historical vehicle usage curves, electricity, smartphones, Internet and social networks, as well as the pace of Bitcoin adoption since 2009 of the year. It turned out, that the development of new technologies follows an exponential S-shaped curve, but regarding the latest network technologies, they are implemented much faster, than the market expects.

Analysts explained, that from the consumer's point of view, the main incentive for the introduction of cars was convenience and speed of movement, for using a mobile phone – the ability to make calls anywhere, and when introducing Bitcoin into finance, the principles of game theory are applied, in which the most optimal strategy is not to give up Bitcoin.

Based on the "Cumulative Net Enterprise Growth" metric and Bitcoin's compound annual growth rate in 60%, Blockware Intelligence specialists came to the conclusion, that by the end of this decade the rate of international adoption of Bitcoin will increase by 10%. This is due to the current macroeconomic situation, the possibility of making quick profits and the availability of the Internet.

In reported indicated, that the use of Bitcoin occurs due to the “network effect”, similar to the Internet and social networks. The more people use any technology, the more valuable they are. The report's authors concluded, what, judging by the trend of Bitcoin adoption in the future, its value will increase. At the same time they warned, that their forecasts cannot be used as recommendations for investing in Bitcoin.

According to SEBA Bank Executive Director Christian Borel (Christian Borel), widespread adoption of cryptocurrencies may accelerate, if governments create clear regulations, regulating crypto assets. In this case, investors will feel safe.