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📅 July 3, 7:00 – July 9,
According to analyst Willy Woo, based on the historical adoption curve of Bitcoin, he explained when Bitcoin can develop to a level comparable to the US dollar (USD). Woo stated that the financial industry now sees Bitcoin as a rapidly rising asset class. However, the current total market capitalization of this currency is only about $1.2 trillion, while analysts point out that the value of asset classes is usually in the trillions of dollars. Woo believes that this expectation for BTC means that the financial industry believes in three things: BTC will grow at least tenfold from now on (breaking through the $10 trillion market cap barrier), will be on par with the US dollar in terms of scale, and will become a reserve asset.
Woo refers to the 'adoption' curve of cryptocurrency, from the chart, it can be seen that, according to the analyst's model estimate, the number of Bitcoin users currently accounts for about 4.7% of the world's population. If the S-curve of the Internet continues, BTC may still be in the early stages. Assuming this is indeed the case, the number of users of this token will accelerate from now on.
Woo believes that this could happen in the 2030s when the curve enters the 25% to 40% range.