The biggest ramp ever created for the adoption of Bitcoin?

Facebook and Telegram could feed an enraged crypto extension

With the integration of two of the world's largest networks, Facebook and Telegram, the crypto-economy is expected to grow significantly over the next few years. Whether these platforms integrate Bitcoin directly or not, all cryptos will be more requested. In addition, more people than ever before are experiencing the ability to send money quickly and cheaply using blockchain technology. Bogart says:

"It's a virtuous cycle: As more and more users integrate with cryptography, more and more developers are building more and more incredible things with programmable money, which is generating more users and more capital for the sector. The net result is more growth. And a lot of that. "

Facebook would have already contacted Bitcoin exchanges to help it issue its WhatsApp cryptocurrency. | Source: REUTERS / Dado Ruvic

Although the Telegram Open Network Cryptocurrency and Facebook cryptocurrency are likely to be the "gateway drug" for many people, once they are exposed to crypto, they will be able to trade these tokens for cryptocurrency. more established currencies such as Bitcoin, Ethereum or Tron. , depending on what interests them in the world of blockchain.

"It's important to note that what initially attracts new users to cryptography may differ from what holds them back. For example, Telegram's original currency, TON, can serve as a gateway to cryptography, but once users have it, it will be easy to swap it for others crypto-badets with higher value and more established track record – and it is likely that some significant percentage of users will actually do so. "

New-Wave Stablecoins offer a key feature: reliability

Bogart also points out that there is a fundamental difference between the last stable currencies and those that have existed for a long time (such as Tether) as digital proxies for fiduciary currencies.

"Although fiduciary coin models have been around for years, two aspects – trust and convenience – are changing. Firstly, they are increasingly coming from trusted creators and, second, they are getting closer to the current capital (in financial institutions), making it easier and easier to switch from the US dollar to the digital dollar, based on the blockchain. "

The article says Blockchain Capital estimates the current crypto-user database at around 100 million, stating that it has taken ten years to reach that point. The network effect teaches us that the larger the user base, the faster the pace of growth will be.

When will the adoption of Bitcoin finally reach critical mbad?

The mbadive adoption remains the white whale of the crypto industry. | Source: AFP PHOTO / PHILIPPE LOPEZ

Mbad adoption is a big mystery for the cryptosphere. Many thought that this may have already happened, and some see it as the only definition of the success of Bitcoin and the cryptocurrency industry in general.

The concept of "hyperbitcoinization" has emerged recently – an indeterminate reality in which Bitcoin becomes the basic motto of all economic functions in the world.

There is no evidence that adoption by any user will necessarily lead to such a situation, but it is certain that the more cryptography is pervasive in society in general, the greater its value and demand.