A good friend of mine asked today, "If Bitcoin is so promising, why isn't everyone joining the bandwagon? What's the catch?"
This is a great question indeed, and a wonderful reminder that those holding crypto are still part of the early adopters to the unfolding blockchain revolution. All great advancements come with years of uncertainty and tentativeness, as seen in this graphic.
Certain technology is much easier to adopt as Bitcoin comes with a somewhat steeper learning curve than just downloading an app on your phone. Since it is an open-source network, there is not just one way to go about owning it, similar to the Linux operating system. There are countless ways to both purchase and store bitcoin, making it daunting for first-time users to adopt.
However, Cash App, PayPal, and more companies are catching on quickly and making it easier before our very eyes. Larger companies, like Apple, are likely looming just around the corner and could implement a wallet within each new iPhone that would make BTC even more accessible to the masses.
Furthermore, certain areas with economic collapse, such as Nigeria, Venezuela, and the Philippines, have some of the highest percentage of crypto users relative to country in the world. This displays that while some people adopt out of want, many adopt out of need.
So, put simply, people are joining the Bitcoin bandwagon. It’ll happen slowly, then all at once whether out of greed or necessity. The catch is the learning curve and deciding whether or not you want to be a part of the blockchain technology revolution.
Thanks for reading! All words, graphics, and images are my own creation (I use Blender for 3D graphics.) I am excited to be a part of this inspiring and growing community.
~ lilrainbowsprinkle ~
