Crypto adoption beats mobile phones by 43% and Internet by 20%, reports BlackRock By Anushka Basu January 14, 2025 at 7:59 am Crypto adoption reached 300 million users, nearly twice as fast as the internet and triple mobile phones. What are the factors behind this rapid adoption? According to a recent study by BlackRock, global crypto adoption reached 300 million users in just 12 years—a pace around 43% faster than the adoption of mobile phones and about 20% faster than the internet. By comparison, mobile phones took 21 years to hit the 300-million mark, while the internet reached that milestone in 15 years.
In the meantime, gold and bitcoin were the same price in 2017...$1800 lol. If you had bought bitcoin back then instead, you could be building your bunker out of actual GOLD bricks today!
That's the thing. I can't build anything out of bitcoin because it is virtual. Made up out of ones and zero's and without access to the internet I have nothing. Your power supply or your internet provider go down and you have????
You're missing the point entirely... You could cash out now had you bought Bitcoin in 2017 and be in a much better position than just holding gold. In the event of an apocalypse you would have the means to just move to a country or area that isn't affected. Gold is a terrible store of value compared to bitcoin...
My point is that you can't drop a bitcoin on your foot. Now go back to sleep and I'll wake you at 50k or 150k as you requested.
If our power supply or internet provider goes down you have; No phone system No eftpos system No factories working No heating or lighting for the most part. No aircon No fuel pumps pumping. Everything would need to rely on small backup generators.
Bitcoin is a spreadsheet/ledger that keeps track how many Bitcoins everyone owns and all the transactions that have occured on the network. And this spreadsheet is shared amongst many peers. So if your power goes offline, all the other hosts still keep track of how many Bitcoins you own. And the way we agree on which spreadsheet is the correct one is through mining. Miners must solve a random equation and get rewarded with bitcoins for doing so. These equations are hard to solve, but once you have the result it's very easy to verify that it's correct. When miner solves the equation, the block of data(data of new transactions) is added to the chain(a series of previous blocks of data); that's a block-chain. And the reason why this spreadsheet is hailed as the panacea is because a company in the Cayman islands is printing fake dollars without backing and pumping up the price. If the price goes up high enough people will believe anything.
The same state that went hat in hand to Obama to ask for bailout funds is going to buy magic money. Priceless!