Top Five Hard To Ignore Reasons Why Bitcoin And Cryptocurrency Adoption Will Grow

Bitcoin Adoption Will Certainly Grow Because of these 5 Macro Social/Economic Dynamics

Bitcoin has been growing in the last years thanks to early adopters and developers working around the project. However, Bitcoin could reach worldwide adoption during the next years. There are several macro factors that could clearly help drive adoption in the cryptocurrency world.

The first trend that we can distinguish is related to digitization. The world is moving towards a digitized economy and social life. What in the past required papers, nowadays can be done through a computer, mobile phone or any other digital device.

Bitcoin adoption could be closely related to the process of digitizing everything. So, hyperdigitalization may trigger an hyperbitcoinization. It is important to mark that Bitcoin will be benefited since it was the first mover, and it has clearly proven to be reliable.

The second trend is related to monetary crisis that some emerging countries are living. For example, Argentina, Venezuela, Zimbabwe and Turkey have shown that Bitcoin can be much more stable than a national currency. In Venezuela and Zimbabwe, citizens have experienced hyperinflation and saw how their savings were evaporating.

In Turkey and Argentina, when their respective currencies started to plummet in the last months, LocalBitcoins and other platforms saw an increased volume.

Increased corruption will also be pushing individuals towards virtual currencies and Bitcoin. As governments take measures that do not benefit the general population, at some point, citizens would start to use Bitcoin.

The famous virtual currency would let them escape from corruption and bureaucrats that do not help the country.

Millennials would also start embracing Bitcoin. There are many different surveys that show that millennials are much more open towards Bitcoin than other social groups. Younger groups have a different view about the world and how things should work.

As millennials were born with smartphones, computers and a digitized world, they could have a more positive view about cryptocurrencies.

Finally, privacy is a very important issue. Governments are increasingly trying to know everything about their citizens. Cryptocurrencies could be used by the population as a way to escape from this surveillance.

Bitcoin is not the most private coin in the market, but there are other virtual currencies such as Monero (XMR) that offer increased privacy features.

Cryptocurrencies will continue to grow in the future. There are many different macro factors that push individuals towards virtual currencies. Nonetheless, these changes can take several years to be noticed.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,441FansLike
2,795FollowersFollow
4,193FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitfinex & Tether Class Lawsuit Revised; Adding Bittrex and Poloniex to Alleged BTC Price Manipulation

Revised lawsuit on Bitfinex’s alleged price manipulation of the market using Tether (USDT) during the 2017 bull run to $19,800 has added two...

‘Masked Hero' Calling to ‘Buy Bitcoin' Amidst the Peaceful Protests and Riots in the US

Bitcoin is taking an active part in the riots across America. People are protesting since last week over the death of George Floyd,...

DiversiFi, Formerly Ethfinex, Launches Its DEX 2.0 With Starkware; Processing 9,000 + TPS

Bitfinex sister decentralized exchange, DEX in short, DiversiFi, which relabeled from Ethfinex in August last year, announced a relaunch of their platform, now...

Bitcoin Difficulty Sees 2nd Largest Drop of 2020 to 9.29%; Hashrate & Price Continue to Dance

Today, the bitcoin network difficulty took a drop of 9.29% to 13.73 trillion, as per Coinwarz. This is the fourth downwards adjustment this year after...

Japan’s Top Banks Join Crypto Exchange-Led ‘Study Group' to Discuss Digital Payment System

Three Japanese banking industry heavyweights are joining arms in a study group to focus on digital payment settlement networks in the country. The...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today