"According to BlackRock, Bitcoin has been adopted faster than the internet and mobile phones, reaching 300 million users in 12 years. Bitcoin ETFs have opened up access to the asset, and investment in digital gold and Ethereum is predicted to increase by 50% by 2025."
Since Bitcoin's launch in 2009, its adoption rate has been faster than that of the internet and mobile phones, according to estimates from BlackRock.
It took the first cryptocurrency 12 years to reach the 300 million user milestone, compared to 15 years for the internet and 21 years for mobile phones.
Bitcoin's outperformance was provided by:
demographic characteristics - young people are considered "digital natives", which explains their greater predisposition to adopting the first cryptocurrency than generation X and baby boomers.
global changes - rising inflation expectations, political disagreements in the world, banking and fiscal problems;
Transformation of the global financial system - lowering barriers to access and new scenarios for using digital gold.
According to BlackRock, Bitcoin ETFs marked a major milestone for cryptocurrencies and traditional markets by opening up access to the asset.
Previously, CF Benchmarks experts suggested that investment advisers would increase their positions in exchange-traded funds based on digital gold and Ethereum by more than 50% in 2025.
As a reminder, BTC ETF issuers and public companies purchased 859,454 BTC in 2024, according to K33 Research. This represents 4.3% of the available supply and is equivalent to the next eight years of coin production by miners.
