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https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I discuss whether Bitcoin has reached full global adoption and whether it is currently at the top of its S-curve, as crypto promoters like Richard Heart claim.
I provide data that suggests that Bitcoin adoption is currently at approximately 0.36% of the global population. In other words, Bitcoin still has a very long runway ahead, and is nowhere close to the top of its S-curve.
Bitcoin is superior monetary technology. It cannot be censored or debased, and it is a neutral money without an issuer. These superior properties suggest that it will continue to climb the S-curve for many decades to come.
We are still so, so early.
Not investment advice! Consult a financial advisor.
Richard Heart on Bitcoin’s S-Curve:
https://twitter.com/search?q=richard%20heart%20s%20curve&src=typed_query
Richard Heart Twerking:
SEC investigating HEX:
https://cointelegraph.com/news/sec-issues-subpoena-to-influencers-promoting-hex-pulsechain-and-pulsex
S-Curve:
https://blog.arkieva.com/wp-content/uploads/2020/04/basics-s-curve-figure1.png
New tech follows an S-Curve:
https://www.greaterwrong.com/proxy-assets/4DS6GC04MTP2HQQLMJCMQQ1L8U
Blockware Solution’s report on Bitcoin adoption:
https://static1.squarespace.com/static/5de588aa3e9c044c1ad8cb59/t/62a0cee064cb4b79ded25894/1654705890141/Bitcoin+User+Adoption+Report.pdf
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#crypto
#S-Curve
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the βOperator Partiesβ) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, βthe Siteβ) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
33 Comments
5:51 If they are counting by wallets, I believe we are way off from 3%. Most bitcoiners have multiple wallets.
Are the amazon 2000-2005 investor letters just lying around on the internet?
Good afternoon from New England!
I would say bitcoin has achieved total market penetration once it has a user base that is on par with say Facebook or Instagram I think that gives you a good bench mark, which means you're looking at 2.5 – 3 billion active users. 100 times the current user base of bitcoin.
Crypto is counterfeit by any name and BTC is down 65% over the past year. Kids, there is NO profit for the government in Crypto. How much more do you need to know? The FOMO crowd is a gullible bunch. Ponzi is laughing and so am I.
We haven't even left harbour yet.
Not worried about the price at all. Why? Because right now it's priced in a dying currency going through its death throws. If you want to see it's real value, look at how much it cost to buy things with bitcoin over the past 10 years. Everything is getting cheaper in BTC terms.
I'm grateful to you for making these short, concise videos I just link to and end the debate with so easily now. It's like the truth will set us free and it's much simpler than a convoluted POS Ponzi scheme, which we already have in the USD$.
More like Fear of Losing Money (FOLM) by investing than FOMO
AMZN is back to it's Covid lows of 2020
The current low price of BTC is actually a great opportunity, especially for those who may not have had the chance to invest before. This is a chance for the biggest transfer of wealth we've ever seen, and those who take advantage of it will be very glad they did. On the other hand, those who miss out will regret it. I personally have been working with COACHWONG on technical analysis and signals, and we've already amassed over 12 BTC. Don't miss out on this opportunity!
btc or something better (unknown, at this point) IS the future.
Thank you Matt, Greetings from Peru, you are the best
the fact the people say FTX and bitcoin is the same it tells us how early we are π
Happy New Year Jedi Master Kratter
Richard Heart isn't even his real name, and he comes from a scammy background, allegedly. Paul Barron just had him on a few days ago, to my surprise.
Lol it cracks me up that even you, someone who is immensely intelligent, literally wrote books on finance, worked in finance very successfully for decades, etc, has friends and family members who TELL YOU how "wrong" you are. Refusing to do even 10 minuets of actual research or take into consideration your background. Absolutely hilarious. This is why I don't like talking with people about it. Hope you had a good holiday Matt.
Honestly, he's probably right in terms of "usage". Bitcoin is being seen more and more as a reserve asset, not a heavily used currency. Banks will start buying it as an asset. Normies wlil keep using cash/digital money.
Sailed to where? How much is the ticket for first class and economy?
But the flat area at the bottom of the BTC 'S' curve seems to be lasting a lot longer than any other S curve.
Thank you
BItcoin BTC is awesome , what happens when Bytecoin BYC comes out and is better in more than one way??
That jab at richard heart twerking LOL
Long Term Power Law support line has been holding up and BTC has been riding it up since November. This support has never been broken.
Its 2025 ByteCoin hits the planet with a 2 year halving cycle, its the fastest most secure and is simply better than any other coin by .00001% which is all it takes when it comes to securing your Net Worth and your that investor looking for a better secure storage . Then What ?
Another excellent vid, thank you Matthew, and H New Year !
Decentralized Ledger Technology for the WIN!!!!
Get him on your channel bro, stop talking and take action. Unless your afraidβ¦ lolβ¦
putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. success depends on the actions or steps you take to achieve it.
Stacking more sats today thanks to your video.
0.36% feels accurate. I doubt it's higher than 1%. Bitcoin is still very much unknown at this point. We have a long way to go for mainstream adoption.
Great video Matthew, and Happy New Year! One question I have about using adoption percentages relates to the assumption that most people (say over 60%) will use it if it's globally adopted. I initially was pretty confident in this, but when you look at how many people own gold or equities it is around 11% and 58% respectively. The equities percentage is closer to a top of the S-curve, but when only 11% of the population owns gold, can we project that over 60% will eventually use Bitcoin?
Bitcoin is money only for 0,01% of the world population that can imagine that bitcoin have some value.
In order to get to the global adoption it is necessary that the rest 99,99% of the global population can imagine or can believe that some virtual tokens have some value.
From an evolutionary biology point of view it is hard to convince people that some virtual token have some value. Human do not need virtual token to survive.