Why Crypto Is Following The 1990 Internet Adoption Curve

The adoption curve of crypto is believed to be in its early stages, and Wells Fargo data shows its close similarities with the early stages of internet adoption back in 1990, giving a glimpse of how crypto could become a part of everyone’s lives as it reaches the mainstream. In a Brief History of The Internet, internetsociety.org notes that “The Internet has revolutionized the computer and communications world like nothing before.” If crypto is the next revolution and many industries are already jumping in (finance, music, fashion, gaming, social media, etc), what will our world and portfolios look like once mass adoption happens? Related Reading | Crypto Mass Adoption: Bringing Digital Currencies Into Everyday Life 90’s Internet Vs. Crypto Technology A Wells Fargo Investment Institute report has compared how users started to embrace the internet in 1990 with the current cryptocurrency adoption rates. The investment adviser suggests that both internet and crypto adoption started at a slow pace, but as the former “hit an inflection point, and then steeply accelerated”, the following years could show a similar spike for the crypto industry. The report notes that in the cases of several technologies, “decades passed between the actual inventions and surging adoption rates.” Only 1% of the world population and 14% of Americans were using the internet by 1995 even though it was i...