Current adoption level Bitcoin – like the Internet in the 90s

The new research of river intelligence reveals that Bitcoin is currently in the early stages of adoption, suggesting that great things are yet to come. For example, the river shows that the current level of adoption is Bitcoin comparable to the Internet in 1990. years or social media in 2005. years.

25. February 2025. year, the river institutions only Bitcoin institution Inc., He published a study Under the name “What drives in the adoption of Bitcoin 2025. years?” The report covers topics such as the current state of the Bitcoin Protocol, the growth of the growth of the mucra, the specifics of the latest bike market, landscape detention bitcoin and much more.

Adoption is in the early stages

More and more governments accept Bitcoin, the report is shown. While China, Afghanistan and Venezuela Krupt’s prohibition policy, and other countries are adopted by cryptological regulations, and Russia and Bolivia legalizes Bitcoin Mining, Argentina and Turkey, which invested in BTC, and from 2024. Years, and from 2024. Years, 2024. year, and from 2024. Bitcoine was invested, and from 2024. years, and from 2024. years. Attack, purchases, donations and other Aveni for shopping.

One of the most beautiful findings of the study is that despite all hype, the faster growth and government and corporate participation around the world, the adoption of Bitcoin still in very early stages. The river reveals that Bitcoin is only 3% of its full potential, comparing it to the Internet in 1990. year, online in 2005. years, or Internet banking in 1996. years. The study lists the following metrics to support this figure: only 4% of the global population, while it is up to date that it is up to date that in their portfolios are in their portfolios, while a total of allocations in their portfolios are underway.

More than that, Bitcoin is still in its formative phases. The study emphasizes the constantly growing scope of changes made in Bitcoin Code and an increasing number of entities involved in the development of Bitcoin and financing the upgrade process. Changes are aimed at increasing protocol safety, network scaling and improving the flexibility of the storage and transaction bitcoin.

Value and scarcity

Much was said about Bitcoin’s scarcity as a crucial driver of his value. The study points out that 2024. The bitcoin supply was slightly slower than the offer of all major currencies and gold FIAT.

Bitcoin shows that more values ​​of values ​​are from the funds of daily payment. The average transaction value in 2024. Worth $ 17.8K, according to the river. From 2021. year the annual amount of value transferred via Bitcoin is over $ 1 trillion. In 2024. year, this amount reached $ 3.43 trillion, lower than in 2021. and 2022. years, but more than 2023. Years.

According to the Studio, Market Capitalization Bitcoin (term examined by some Compared to Bitcoin) he exceeded 2021. year in the amount of three trillion dollars, making BitCoin’s largest largest currencies in the world in the equivalent of USD. When we talk about the current bull market, the river emphasizes that, unlike the previous two bulliaries, this one does not start global cash inventions.

In 2024. The main rider prices were Bitcoin ETFS and companies, with Hedge funds and investment counselors are crucial. However, Bitcoin remained “crypto people” with almost 70% owned by individuals, 4.4% by companies, 6.1% of funds and ETF, and only 1.4% of the government. The fact that public enterprises became more and more worn by bitcoin hardly surprisingly anyone who pays attention to the crypto market lately. In 2024. years, the amount of business BTC increased by 80%.

From 31. December 2024. year, over 1.5 million Bitcoin (7.5% of the total offer) is considered lost, while another 968k bitcoin (4.6% of the total offer) is connected to Sotoshi addresses. Almost 1% of the offer maintains bankruptcy estate and smart / definitive contracts. The total amount of locked Bitcoin exceeds 2.7 million (about 13% of the total offer).

Lightning

Lightning network Lately does not grow very quickly. The study suggests that the reason for too little trader is ready to accept Bitcoin, because they have enough other traditional options. Increasing the number of locations that accepts Bitcoin would increase the use of a mute network. Another reason for slow growth of lightning lightning is a relatively low BTC fee. The more they leave them, it will be greater demand for lightning network.

Custody Bitcoin

In 2024. year, Custody Bitcoin was matured, says the study. The share of bitcoin maintained on the CRIPTO exchangers has significantly dropped from over 70% in 2021. to 20. to 56.6% in 2024. years. ETFS and DEF platforms are held around a third of all bitcoins, while the share of the Strategy is 10.3%.

The number of bitcoins lost in hackers or other reasons continuously decreased in the last 10 years, with only 2022, when the collapse of FTX, Celsius and Blocsfi and Blocsffi resulted in significant BTC losses. After the FTX collapse proof of reserve has become an industrial standard, drastically reducing the chances of losing BTC to tear down crypto exchange.

Decentralization

Not only is the number of active developers that increase, but also more importantly, the number of nodes and network hatrate strength is constantly growing. The study shows that the growth of the knot volume follows the ascending CEC-ZAG trajectory, which means that in any year the number of nodes is generally higher than in previous years. In the second half of 2022. years, and the number of nodes and strengths Hatrate increased, making Bitcoin harder to match.

The main issue with the decentralization of Bitcoin was pointed out in the study is the mining distribution of the pool. Over a third of the total Hatrate produces several public companies. The top of the three mining pools produce about 60% of the total hater. As for geography, the country’s championship of Bitcoin mining are the United States (36% Hatrate), Russia (16% of Hatrar) and China (14% Hatrate). The share of the U.S. and China decreased 2024. years, while Russia is more persistent, which is not surprising, since the country recently became all pro-crypto.