If Bitcoin continues to grow at the pace it is today, it will be the technology with „the fastest adoption ever“.
Bitcoin is already 11 years old and constantly in the spotlight due to its high prices. However, according to analyst Willy Woo, less than 2% of the world population has some amount of cryptomeda.
According to the famous analyst, the amount of the population that has Bitcoin Union can vary from 1.3% (minimum) to 1.7% (maximum). This suggests that approximately 120 million people have cryptomeda.
The number of 120 million is low, compared to the 7.7 billion inhabitants on the planet. This also means that the digital currency has not even touched the beginning of the adoption curve.
„According to my best estimate, 1.7% of the world population has Bitcoin. 1.3% is the minimum. With 1.7%, Bitcoin has not even checked in at the beginning of the adoption curve. Soon it will be on the way. With the current growth, this will be one of the fastest climbs of all time“.
For Willy Woo, this „small“ adoption suggests that the price of digital currency can rise quickly if the currency has an increase in adoption. This could happen soon, as large companies are accepting cryptomime, such as Paypal, which next year will allow its more than 300 million merchants to accept Bitcoin as payment, and others are planning, such as Spotify.
The analyst compares the adoption rate of other technologies that have changed the world, such as the Internet and cell phones. He explains that if Bitcoin continues to grow at the pace it is today, it will be the technology with „the fastest adoption ever“.
Bitcoin in $ 300 thousand until the end of 2021
Commenting on the price of Bitcoin, Woo said he expects cryptomeda worth six digits by December next year.
To defend the forecast, Woo used his Top Cap technical indicators. Although the analysis is „experimental“ on his analysis site, the graph has historically corresponded with price spikes accurately.
„My analysis suggesting $200,000 per Bitcoin by the end of 2021 seems conservative, $300,000 is not out of the question.