Monday, March 24, 2014

The Coming Bitcoin Mass Adoption

The Bitcoin Tipping Point is coming and it will be the Big Bang of disruption in financial services, money and payments as we know them!
I often think about the “tipping-point” in Bitcoin’s journey to mass adoption and regularly as myself several questions. When will it be noticeable and what will trigger it? Has it already begun or if not, how far away are we? How do you define or measure “mass adoption” of Bitcoin?
A bitcoin meme of Morpheus and Neo posted online recently got me thinking again about how Bitcoin’s true exit most likely itself. Once a significant number of people begin to realize this idea, the tipping point may have arrived!
Even now, I can and regularly do pay for almost anything with bitcoin; if not directly, then with a convenient 3rd party concierge service such as Snapcard. Even still, in my opinion, Bitcoin isn’t even close to mass adoption considering the latest studies that estimate about 2 to 3 million people actually own or have owned bitcoins. The majority of those people own less than 1 bitcoin!
 

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