This year, the sector has experienced unprecedented growth. In December 2016, at the same time, the entire market was about $ 40 billion and involved fewer than 5 million people (engineers, contractors, journalists and buyers). Today, it is a market of more than 500 billion dollars that includes more than 50 million people. It will increase by 500% in 2018. Here’s why in reasons:
The blockchain is like freedom of expression. We cannot stop it.
The blockchain is the distributed trust network that the Internet has always needed, and nobody can stop it. Why? Because it is composed of nothing but code and the system is a language. You cannot stop someone from talking or writing their thoughts on their computer. To stop Blockchain, you must prevent people from coding, which mean banning their freedom of speech. The country that would do that would be one of the most totalitarian regimes we have ever had.
The adoption rate is still low
Assuming that there are nearly 4 billion adults connected to the Internet and 50 million accounts created on different exchange platforms to date (Coinbase, Bitfinex, Poloniex, and kraken). This would mean that we are currently at a consumer adoption rate of less than 2%. The largest exchanges are growing tremendously, opening thousands of new accounts a day. The network effect is becoming increasingly powerful, and the average dollar amount per user is also increasing, as slowly, but surely people are investing more and more.
The rarity of Bitcoin
A Bitcoin is worth about $ 18,000 today. The $ 100,000 + value road will be hectic, but we are on the way. It may sound crazy, but 20 years ago, 99.9% of the population would have called you stupid if you had predicted that one day, insurance.com could one day be worth $ 35 million. Alternatively, that PrivateJet.com could be worth $ 20 million. Well, that’s the case today. Why? Because of the scarcity of these nominal assets it’s the same for Bitcoin. The finished number (21million) plus the growing demand will only further increase the unit price. You can get the entire set of information from https://www.amarkets.com/promo/double-your-deposit/ now.
What if we talked about the service?
Twenty years ago, the Internet bubble was supposed to be even worse than the tulip mania in the 17th century. Moreover, indeed, the bubble burst and the correction took place, but today, like the vast majority of my friends, we spend at least 50% of our day online, we can get everything we want by pressing on a button and spend a few thousand dollars a month on the Internet. Why? That is because the Internet bubble has created products and services that we use today, natively in our lives. In the meantime, we do not buy or carry gold, and I hardly know the colour and smell of a tulip. The Internet is useful. Blockchain will be helpful. The tulip was not.