Co-creators of Earnity Domenic Carosa and Dan Schatt wish to utilize the upcoming wave of Crypto. The question is not whether or not the cryptocurrency will be adopted globally, but when. The precise timeline is difficult to predict; mass adoption could occur in two, five, or more years. However, the point is that it will happen, and there are objective advantages to learning about cryptocurrency before widespread adoption. Understanding cryptocurrency sooner rather than later can make the transition easier for everyone. The first wave of cryptocurrency adopters will have an advantage over the second and third waves, just as those who adopted the internet early had an advantage over those who adopted it later.
So, where exactly are we in the cryptocurrency adoption cycle? Are there any historical parallels that can help investors determine which trends to capitalize on right now? Finally, how can we be so sure that cryptocurrency’s mass adoption is unavoidable, as many claims?
First gradually, then abruptly.
Although the percentage of Americans who own cryptocurrency has not yet reached 10% of the total population, it has steadily increased since Bitcoin’s inception in 2009. The adoption of cryptocurrency is similar to that of any other technology: the adoption rate increases gradually until around 8-10%, then generally explodes upwards to mass adoption from there.
Crypto is still in its early stages.
With this in mind, Co-creators of Earnity Dan Schatt and Domenic Carosa believe it is safe to say that crypto development is still in its early stages. However, despite the massive valuations of Bitcoin, Ethereum, and a few other cryptocurrencies, data suggests that there is still room for growth. With each passing year, we will see new developments emerge from space that capture the minds and wallets of people worldwide.
There will be a demand for a country’s currency as long as governments exist. After all, citizens should pay their taxes in the country’s sovereign currency. So, while cryptocurrencies are the way of the future, they might not completely replace the national currencies any time soon.