This is an interesting chart showing the mass adoption of the internet vs Cryptocurrency. I understand the two parallels with the thought of the both taking 14 years for mass adoption to take place. There are some major differences however and this has to be put into context.
The internet didn't threaten the current financial system as we know it and in many cases the infrastructure had to be built for users to be able to use the internet. This took time and Crypto would obviously benefit from having a mass adopted internet system already in place.
The FUD created due to the fear of losing out to a new disruptive technology has held Cryptocurrency back. This is obvious as the negative news we have all witnessed over the last 5 years has all been about being delay tactics whilst the institutions/Governments in charge work out what they are going to do about this new problem.
This is not something small that you can throw some BS and it sticks resulting in the problem disappearing. Cryptocurrency is going to change so many things and the fear is that many of the controlling bodies will lose their control and power.
With the financial mess we see currently which the Governments around the world have created on their own accord mass adoption and Cryptocurrency could happen a lot sooner than later. Imagine being forced to get out of your own FIAT currency into Crypto to protect your wealth? The Crypto adoption cannot be compared to the internet as what Crypto offers is vastly different.
When countries are turning to Crypto as a solution for payments you just know the current system is broken and needs to be changed. Unfortunately Crypto has been manipulated so much via FUD propaganda it may take some time for the gullible to realise this.
This again may be faster as just over the last few days we have seen so many truths appearing with specialists stating the Covid vaccine was never going to save lives and another gem stating we are not in a recession. How much manipulation and lying can Governments get away with as even an uneducated person would start to question what they are now hearing.
Crypto being mass adopted could literally happen overnight and don't see the time line of another 8 years. When people are pushed to the brink and there is an alternative solution what do you think will happen? The internet was first seen as a new information/entertainment option by the masses whereas Crypto actually solves financial problems.
I know where I live in South Africa many are sick and tired of being controlled on how much foreign currency they are allowed as the Government restrictions are severe. This is holding everyone back from doing business or looking after their financial futures. Thankfully Cryptocurrency solves this as having your own portfolio the need for asking permission for foreign capital has been removed. The power is moving back into the individuals pockets and that is what the Governments around the world are worried about.
Mass adoption can happen very quickly especially with the economies the way they are as people are desperate. A recession in some ways is a good thing for Crypto as this could be the perfect storm that Crypto needs to move to the next level. I don't see the 8 years as this is so different to other technologies in the past and see the time gap being shortened quite considerably out of necessity and desperation. Crypto is not a phone or a television and just cannot be compared to other mass adoption time line charts like the internet.
