Although Bitcoin has already been around for more than a decade and has grown to become one of the largest investment assets by market capitalization, new data reaffirms the narrative that Bitcoin is still at an early stage of adoption.

Bitcoin appeared only 12 years ago, but its expansion and adoption increased significantly during this short period compared to the Internet.

Bitcoin is growing faster than the Internet:

The vast global network that connects computers around the world, known as the Internet, is among the most remarkable and valuable inventions of the twentieth century.

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Although most people started using it during the 21st century, it was invented in the 1960s.

It is difficult, if not impossible, to imagine a world without an internet connection nowadays.

But the beginning of the Internet was a difficult and slow start, as it took about three decades before the number of users rose to about 120 million users.

Recent data collected by the famous crypto analyst “He said” That this roughly represents the current user base of Bitcoin.

Willy Woo quotes data from the Cambridge Center for Alternative Finance and Glassnode and gives an estimate that meets the current 135 million Bitcoin users.

Comparing Bitcoin to the Internet, we find that it took 12 years for Bitcoin to reach 120 million users.

While the Internet took 30 years to reach 120 million users.

Wu concluded that Bitcoin adoption is still early days, as Bitcoin is growing faster.

In terms of adoption, Bitcoin has roughly the same internet users as in 1997.

But Bitcoin is growing faster. The next four years on the current path will bring Bitcoin users to one billion people, which is the equivalent of the year 2005 for the Internet. pic.twitter.com/Np9yTR3WkL

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– Willy Woo (woonomic) February 1, 2021

He predicted that if Bitcoin stays on this path, it will reach its first billion users in 2025.

Interestingly enough, the Internet did so in 2005 about four decades after its creation, while BTC could do so in less than two decades if Wu’s prediction came true.

Bitcoin still in early mode:

Although the user base and network activity has doubled and the price of the coin has doubled since the inception of Bitcoin, the main narrative is that Bitcoin is still in its early days.

From a value perspective, Bitcoin’s market cap of over $600 billion still lags behind the world’s most valuable companies.

But Bitcoin seeks to take a foothold in the future and compete with gold, or M2 financial stocks or global real estate at the institutional level.

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Taylor Winklevoss, co-founder of cryptocurrency exchange Gemini, said last year that the Bitcoin game was still in the first half of the game.

However, this role could end soon as many institutional investors have recently had a presence in the Bitcoin arena and are starting to take their share of the BTC pie.

Even former Bitcoin skeptic Elon Musk lamented not buying bitcoin years ago, predicting that prominent representatives of the traditional financial space are on the verge of adopting the first-ever digital currency.

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