Reaching 2 Billion Crypto Users - Is it Possible?

In considering the pace of expansion, I examined population growth, the number of mobile phone users, internet users, and their respective growth rates. Various estimates of the world's population have been put forward, without a notable discrepancy between them. In 1980, the first available data indicated that only 23,000 individuals had subscribed to a mobile phone service. Dr Gunjan Solanki's article, published here, demonstrates the early stages of growth in great detail and logic. I strongly suggest reading it. During the mid-1990s, the ownership rate was not very high, since having a phone had no real benefit if one's contacts didn't possess one already. As the user base expanded, so too did the desire to own and the value of owning a phone. At first, when the user count was still small, the device or network lacked much value. As more users join the product/network, its value increases exponentially, while the cost remains linear. When the user base reaches a certain point, the cost of acquiring new users is heavily reduced. Additionally, this trend is evident in crypto networks where services get cheaper and cheaper. The Telecom industry is progressing rapidly, with new networks being adopted and developed at an accelerating pace. As a consequence, more professionals will be needed in the industry. As the utilization of cryptocurrency grows and permeates our lives, there will be an increased need for skilled crypto development professionals. In the 1990s, mobile subscriptions increased almost by 50% each year, with a double-digit annual expansion during the 2000s. Nonetheless, the growth rate started to decline. Notwithstanding this, the number of mobile subscribers rose to 7.7 billion in 2017, surpassing the total population of the world at that time. It is no shock that the growth in the amount of internet users has followed a comparable trend, albeit a few years later..com The growth rate may not be as substantial, yet it is considerably steadier than the quantity of mobile subscriptions (of course, this should also be considered that internet and mobile utilization are effectively the same, since in many cases they are on the same device)Source: internetworldstats.com Internet users have witnessed a rise of 8% in the last decade on average, as opposed to a drop or no change in mobile subscriptions. Crypto's use and comprehension, two decades post-internet's debut, is heralding a new age. Data reveals that the initial statistic was in 2016, when 5 million individuals were documented. It is clear that the growth in this area over the past 8 years has exceeded the growth of the internet, and is currently expanding at a quicker rate than the internet. Projections for 2023 range from 400 to 500 million users, with an assumed median of 450 million in the calculations and forecast. Employing only the mean of mobile phone and internet expansion, even though the expansion of crypto users is more dynamic. True progress will not arise from a bitcoin halving or a bull market. As more and more merchants offer their customers the choice of making payments with cryptocurrencies, and as it becomes simpler to use a wallet, the majority will likely express the sentiment that they need this kind of capability. I hope that a lot of you will recognize the valid requirements of the user and be an early adopter of this process. Best of luck and don't give up!

Source: https://medium.com/@kendefi/soon-over-2-billion-crypto-users-yes-d7daa0037e17?source=rss------fintech-5