LukeMikic21 's avatar
LukeMikic21 1 year ago
In the 5,343 days that have passed since Bitcoin was launched in 2009, ≈40M have adopted Bitcoin. That means 7,486 new people adopt Bitcoin everyday since 2009.🤯 🧵Let's explore what exponential growth & adoption will look like as we transition to a Bitcoin standard.👇 1/ image

Replies (9)

LukeMikic21 's avatar
LukeMikic21 1 year ago
The biggest contention critics will have with this data will come down to how we agree to measure adoption. This is important to discuss because Bitcoin has different adoption curves. MOE curve ≠ SOV curve Furthermore, people disagree about how to even measure adoption. 2/ image
LukeMikic21 's avatar
LukeMikic21 1 year ago
Some like @Croesus_BTC will claim adoption is sub 0.01% if you measure those with more than $10,000 in Bitcoin. Others like @BlockwareTeam claim adoption is around 0.5% based on on-chain data. More bullish surveys looking at exchange users claim adoption = +580M, or 6%. 3/ image
LukeMikic21 's avatar
LukeMikic21 1 year ago
📈It doesn't matter what level of adoption you believe we are at, you have to agree adoption rates WILL increase from here. Bitcoin is a technology, it will more than likely be adopted in an exponential curve. When we agree on this assumption, the math and numbers get wild!👇 image
LukeMikic21 's avatar
LukeMikic21 1 year ago
The chart below gives a mental model for how technologies get adopted. If you average them, it takes 12 years to get to 105 adoption, and a further 12 years to go from 10% adoption to 90%. Once an inflection point is reached adoption rates increase by 9x in epoch 2... 5/ image
LukeMikic21 's avatar
LukeMikic21 1 year ago
Using this mental model, once Bitcoin passes an inflection point & enters it's 2nd epoch, we should expect: 7,486 people x 9 = 67,374 new Bitcoin adopters per day. This is what we should expect when Bitcoin enters its exponential phase of adoption, but where are we?👇 6/
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LukeMikic21 1 year ago
We'll answer those Qs in more detail below in a moment, however, in the meantime... 🚨If you've enjoyed this🧵so far, we'd appreciate it if you:🙌 1. RT the original tweet👇 to share this🧵 2. Follow me for more🧵s Now, let's dive deeper...🐇🕳👇 x.com/LukeMikic21/st… 7/