A meme began making its way around crypto Twitter earlier this month, pointing out that Bitcoin now has the number of active users that the Internet had in 1997. But the reality is even more interesting:
Bitcoin most likely has far more users today than the Internet had the year Amazon debuted on Wall Street. That means Bitcoin investors may be running out of time to capitalize on stellar market returns driven by growth in user adoption.The economics of this trade are fascinating and promising to investors who note that even if a billion or five billion more people adopted Bitcoin, there will still never be more than 21 million BTC in existence held on the original Satoshi blockchain.
An annual survey of cryptocurrency owners by Security.org consistently found above three quarters of owners reporting they own Bitcoin. So, there may be something like 435 million Bitcoin users in 2024.70 million people online, though, the year the Miami Marlins won the World Series. 1997 was an important year for the Internet for many reasons. One of them was the Amazon IPO at $18.
Here is another one he would tell you to stay far away from in favor of his favorite Internet and computer businesses, AMZN, and APPL shares.The Internet Computer just recently crossed $17 per network token on Friday, Mar. 29. With a market cap above $8.5 billion on Tuesday, the Internet Computer’s decentralized cloud is a rival to $1.8 trillion Amazon’s cloud computing business.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »