- Mario Nawfal’s update on X highlights crypto growth, comparing it favorably to mobile phones and internet expansion.
- The launch of Bitcoin and Ethereum ETFs fuels interest in diversifying investment options within digital assets realm.
Brian Armstrong, the head of Coinbase, has contributed to discussions on Bitcoin (BTC) acceptance. His remarks were a reaction to an update by Mario Nawfal on X about digital currency adoption.
According to Nawfal’s report, which references BlackRock data, digital currencies have amassed 300 million users in just 12 years. This growth is tied to factors such as younger generations’ interest, inflation concerns, and supportive policies from the current U.S. administration.
It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct.
Bitcoin adoption should get to several billion people by 2030 at current rates. https://t.co/JEU8P7YmLP
— Brian Armstrong (@brian_armstrong) February 10, 2025
Nawfal indicated that digital currency acceptance is moving at a pace 43% faster than mobile phones and 20% quicker than the internet. However, the exact start year for Bitcoin, the internet, and mobile phones can influence these comparisons.
Despite this, the trend appears accurate. Armstrong agreed with Nawfal’s assessment, stating that if current rates continue, Bitcoin could be used by billions of people by 2030.
The prediction of a “mainstream takeover” hinges on the expectation that Bitcoin ETF products will manage $250 billion in assets. Currently, Bitcoin ETFs have surpassed $50 billion, with BlackRock’s iShares Bitcoin Trust (IBIT) leading the way.
Armstrong noted that the forecast depends on how one defines the official introduction year for each technology. Nonetheless, he believes the prediction aligns with the observed direction.
The rise in digital currency acceptance is also driven by the launch of ETFs for Bitcoin and Ethereum last year. Asset managers are now seeking approval for more ETFs, including those for XRP, Solana, Dogecoin, and other meme coins. This expansion reflects growing interest in diversifying investment options.
Younger individuals are increasingly drawn to digital currencies, seeing them as viable alternatives to traditional financial systems. Additionally, economic uncertainties, like inflation, have prompted many to seek stable stores of value, with Bitcoin being a popular choice.
The current price of Bitcoin (BTC) is $97,509 USD, reflecting a slight decrease of 0.08% in the past 24 hours. Over the past week, Bitcoin has dropped by 4.22%, while in the last month, it has gained 4.16%. Over the past year, BTC has shown significant growth, increasing by 104.12%.
Bitcoin’s all-time high was recently set on January 20, 2025, at $109,356 USD, while its lowest historical price was $2 USD on October 20, 2011. BTC’s current market indicate strong investor interest, with a 24-hour trading volume of $23.92 billion USD. The total supply of Bitcoin is capped at 21 million coins, ensuring its scarcity over time.
From a technical perspective, Bitcoin’s indicators are mixed. In the short term, technical analysis signals a “sell,” while the one-week and one-month ratings indicate a “buy” signal. This suggests a potential recovery in the medium to long term. Bitcoin’s current volatility is measured at 2.79%, reinforcing the importance of cautious trading strategies.
