Bitcoin (BTC) Adoption Growing at Hyberbolic Rate, Half the World Set to Use Crypto in 7 Years: Willy Woo – The Daily Hodl

Crypto analyst and influencer Willy Woo thinks half the world will be utilizing crypto assets in seven years.

At the 2020 Unconfiscatable Conference in Las Vegas this past weekend, the digital asset strategist and partner at Adaptive Capital compared cryptos rise to the internets, saying its a process that starts off slow and gradually gains exponential speed.

Human nature is one that looks at things in a linear stance. So were not very good at looking at exponential growth, which is obviously what Bitcoin is doing. The equivalent question is, the internet was invented in the 1960s. [Say its] 1994 now why dont we have mass adoption? The thing is, it was growing at a very hyperbolic rate.

If you were to look at where we are on the adoption curve, 1% of the world population is holding this asset class, and if you look at the rate at which thats growing, which is 2x every year, theres kind of a Moores Law of adoption happening right now. Its 4x in a bull market.

If you run those numbers, were going to have half the world using this stuff within seven years. So when you say, Why dont we have mass adoption? Well, its happening now. And by the time we hit like 5%, 15%, itll be a year or two away before its there. So Id look at the model of the internet and what happened by the time we hit the 2000s.

Back in December, Wooreleasedon-chain analysis that he says indicates Bitcoin is entering another bull phase.

On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Cant say what this indicator is, as its proprietary to @AdaptiveFund , but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view.

He also publishedadditional BTC analysis earlier this month, saying a surge in the number of people holding Bitcoin for the long haul is bullish for BTC.

This breakout is the real deal. Fundamental investment activity is backing this $10k breakout.

Lower chart tracks investor velocity (the buy and hold people, not short term traders). This metric corrects for degradation of signal from coins moving off the blockchain onto layer 2 (exchanges etc), that was something NVT was prone to.

Featured Image: Shutterstock/Quardia

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Bitcoin (BTC) Adoption Growing at Hyberbolic Rate, Half the World Set to Use Crypto in 7 Years: Willy Woo - The Daily Hodl

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