I've had friends asking me what "cryptocurrency" is and is it too late to dive into it now?
My answer was either "I don't know" or "Maybe not too late".
These few questions, however, manage to arouse my curiosity. I then started searching on ownership rates of various things like the internet, mobile phones, and a lot more other things.
So what's the deal with mass adoption? Mass adoption is the most important process in helping something grow in value, the more users involved, the more valuable that "something" will be. To this date, cryptocurrency reported an ownership rate of about 300 million users. To you, it may seem like, "Wow! That's 300 million users, that's a lot!".
I'll tell you what, that 300 million users only amount to about 3.9% of the total population, and it only seems like it's still in the initial state to me. If the cryptocurrency system has 5 phases, I'll label the present state as phase 2.
Why is it phase 2 and not other phases?
This is just my theory out of my understanding.
Phase 1 (The initial phase)
Phase 2 (Minority adoption of Cryptocurrency and the current state.)
Phase 3 (Mass adoption of cryptocurrency)
Phase 4 (Most transactions consist of "Crypto")
Phase 5 (Main foundation)
That will absolutely happen!
In 2021, there are reportedly 6.378 Billion smartphone users, which translates to 80.63% of the world population owning smartphones.
But look back at history when phones were first invented, did anyone think that they would one day have half of the world's population using them?
And there are about 4.66 billion internet users and that's more than half of the world's population!
The world relies on innovation and technology more and more each day. So what makes you think that digital currency won't grow more and more?
That's why 300 million people involved in "Crypto" still isn't much compared to the 6.378 billion smartphone users and 4.66 billion internet users, what's more, is I think "Crypto" has the potential to catch up to the 6.378 billion smartphone users.
It's still not too late to join the crypto community, and it's still as profitable as can be. There's still a while before crypto catches up to smartphone users and there's more valuable crypto still in a dormant state waiting to unleash its full potential. And there are much more ways to earn crypto if you're lacking the capital to start investing
My advice to you guys is,
If not now, when?
If not you, who?
And P.S.
Investing has its own risk, so remember to do some homework before putting your money to risk.
