Analyzing Bitcoin Adoption Curve Will BTC Achieve Parity with the US Dollar by 2030

Analyst Willy Woo points out that, following the S-curve development of the internet, BTC is still in its early stages and is expected to rival the US dollar by 2030. This article originates from an article authored by Bitcoinist, organized, compiled, and written by Blockchain Knight. (Preface: Bitcoin breaks through $62,000, QCP Capital: Two major reasons support BTC’s defense of the sixty thousand line) (Background supplement: A ‘Satoshi Nakamoto cohort miner’ who slept for 14 years liquidates BTC for profits over 100 million times, Bitcoin defends the sixty thousand mark) An analyst explained when BTC can grow to a historical adoption curve that rivals the US dollar (USD). In a new article on his X, analyst Willy Woo discussed the financial world’s recent expectations for the original Crypto asset. He mentioned that the analyst pointed out that asset classes are typically valued in ‘tens of trillions’. Woo believes that the expectations surrounding BTC mean that the financial world believes three things: BTC will grow at least tenfold from now (breaking through the $10 trillion market cap barrier), rival the scale of the US dollar, and become a reserve asset. But when can these expectations be realized? To estimate, the analyst referred to the ‘adoption’ curve of Crypto assets. Below is the chart shared by Woo, comparing the adoption rate of BTC with that of the internet.

The values on this adoption curve are related to the percentage of the global population currently using the asset. Woo summarized all known research on BTC and Crypto asset adoption to determine the curve. Several prominent examples include Glassnode clustering addresses as ‘entities’ (each entity represents an investor controlling a certain number of addresses), and Cambridge’s verification of exchange users’ data. From the chart, it can be seen that the number of BTC users is about 4.7% of the current world population. BTC may still be in its early stages If BTC develops according to the S-curve of the internet, it may still be in its early stages. If so, then the number of users of the asset will start to grow exponentially from here. Now, how much adoption rate do Crypto assets need to rival the US dollar? Woo believes that this will happen when the curve enters the 25% to 40% region, which may be in 2030. How the BTC adoption curve will develop in the coming years and whether it will be as seen on the internet remains to be seen.

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