[Bitcoin Has More Users Than The Internet In 1997!


Sun 31 Mar 2024 ▪
5
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Eddie S.

The year 2024 promises to be a pivotal year with the mass adoption of Bitcoin. The number of users of the crypto queen exceeds that of the Internet in 1997! In a tense global economic context characterized by galloping inflation, this pioneering crypto looks poised to disrupt existing financial and technological models.

Bitcoin, towards hyper-adoption in a context of crisis?

With 435 million users estimated by the end of 2024, Bitcoin is reaching an important symbolic milestone, surpassing the adoption of the Internet in 1997 with just 70 million Internet users. Despite this meteoric popularity during times of economic instability, however, its mathematical rarity of 21 million units remains intact, likely enhancing its valuation as a decentralized store of value.

In 2024, Bitcoin Will Experience Meteoric Adoption!  The number of users of the crypto queen exceeds that of the Internet in 1997.In 2024, Bitcoin Will Experience Meteoric Adoption!  The number of users of the crypto queen exceeds that of the Internet in 1997.
Bitcoin users 2024

Some famous analysts like Vivek Raman even predict an impending hyper-bitcoinization phenomenon, where the main cryptocurrency could gradually replace traditional fiat currencies, which were eaten away by galloping inflation. Although Warren Buffett continues to warn against Bitcoin, more and more institutional and individual investors are drawn to the anti-inflationary and revolutionary potential of this decentralized digital currency. If this adoption continues in the context of a global financial crisis, it could really catalyze this major economic change. However, Bitcoin is not the only one doing well. Internet Computing (ICP) competes with cloud computing giants.

The Internet Computing (ICP), decentralized antitrust cloud computing

Alongside the rise of Bitcoin, another blockchain innovation based on decentralized principles is making a notable entry into the highly lucrative but controversial cloud computing market: Internet Computer (ICP). With a market capitalization of more than $8.5 billion by early 2024, it is positioning itself as a serious challenger to mainstream cloud leaders such as Amazon Web Services (AWS), which is regularly criticized for its monopolistic practices.

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With revenues already estimated at between $1 billion and $2 billion according to analysts, Internet Computing (ICP) is proving its massive disruptive potential and attracting more and more companies. Unlike traditional cloud providers that rely on opaque centralized infrastructures, Internet Computing is fully decentralized on the blockchain, providing enhanced privacy and security for corporate data. Additionally, its ambition for interoperability with other blockchains could significantly accelerate the adoption of this solution for next-generation decentralized applications.

Major benefits and challenges of moving to decentralization

Beyond the undeniable technical advantages, Bitcoin and the Internet Computing (ICP) also promise profound economic and social impacts if they do see mass adoption in 2024. From an economic perspective, the decentralized nature of these innovations would allow for much better banking inclusion of disadvantaged populations. around the world thanks to reduced transaction costs and the absence of middlemen for money transfers.

However, this profound upheaval of traditional centralized economic and technological models will not be without conflict or stiff resistance from established players. We can expect intense legal and regulatory battles around tax compliance, consumer protection, and anti-money laundering issues as these decentralized systems like Bitcoin and blockchains gain systemic importance.

2024 seems to mark a tipping point with the mass adoption of Bitcoin and the Internet Computing (ICP). Whether it's the queen cryptocurrency or a blockchain that democratizes cloud computing, these innovations shake up the established balance of power. If their growth continues despite regulatory and social challenges, they will sketch the contours of a profound upheaval. Where new decentralized economic models will emerge, redistributing powers through the prism of large-scale decentralization.

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Eddie S.

The world is evolving and adaptation is the best weapon to survive in this wavy universe. Basically as a crypto community manager, I am interested in anything directly or indirectly related to blockchain and its derivatives. To share my experience and raise awareness in a field that fascinates me, there is nothing better than writing articles that are informative and lighthearted at the same time.

DENIAL OF RESPONSIBILITY

The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decisions.

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