Ethereum has dominated the crypto industry in its short six-year history. While bitcoin made headlines thanks to spectacular ups and downs, ethereum cemented itself as the blockchain of choice on which developers build applications.
The current rate of bitcoin adoption is outpacing the growth of internet users. Recent projections predict that the world’s most valuable cryptocurrency will reach one billion users in the next four years. With about 130 million users, bitcoin is now at a similar inflection point where the internet was in 1997. And the rate of mass adoption of bitcoin suggests that it will exceed the number of one billion users, almost twice as fast as the Internet did.
After dizzying growth, a recent Chinese strike toppled the value of Bitcoin. Some immediately claimed that Bitcoin was sinking, while others said that it was just another storm in an otherwise turbulent market.
A recent study showed how Americans perceive bitcoin as a new form of compensation for work and offered an interesting insight into the psychological complexity behind the growing adoption of cryptocurrencies.