The percentage of people in the world who use Bitcoin is equivalent to the level of Internet use in 1995. The data show that while the entire cryptocurrency market is still in its infancy, it has nevertheless witnessed relatively high growth.
Dan Held, a cryptocurrency market analyst, said,’ The proportion of people who used the Internet in 1995 was 0.5 percent of the world's population. By 2020, almost 60% of the world's population will be using the Internet. The percentage of people who used Bitcoin in 2020 is equal to 0.5% of the world's population. How much do you think Bitcoin will cost when 60% of the world use it?
If Bitcoin is considered an asset valuation reserve in the minds of investors, it can be classified as something parallel to gold. Hence, the total market value of the first cryptocurrencies can be compared to gold. The total market value of BTC is currently approximately $ 200 billion, while the market value of gold is equivalent to $ 9 trillion. Bitcoin is likely to be recognized as an asset valuation reserve for the whole world in the long run. Recently, the strategist of Jeep Morgan Financial Institution stated that the return of Bitcoin price after the fall in March (Bitcoin price fell to $ 3,000) shows the high strength of these cryptocurrencies. From March to August, in five months, the price of bitcoin rose from $ 3,596 to $ 12,500.
The Winklus brothers, two billionaires and big bitcoiners, believe that Bitcoin is at the beginning of its development and is very similar to the Internet in the 1990s. The two brothers believe that this digital currency will eventually replace gold. The two brother who are also the founders of Gemini, said, 'We believe that bitcoin will eventually take over gold, and we expect to see that happen in the forthcoming decade. Technology-based areas are growing exponentially.Softwares are devouring the world and gold will not be safe from this storm.'
