In technology, there’s a principle called the Diffusion of Innovations Theory.
It’s been consistent across a wide range of trends and time periods – from the microwave to cell phones to the internet.
In a nutshell, the theory says the amount of time it takes for most new tech to get embraced by 10% of the population is roughly the same amount of time it takes to go from 10% to 90% adoption.
You can see the principle play out in the S-Curve analysis of bitcoin below…
Source: Off the Chain Capital
Just as Diffusion of Innovations Theory would predict, it took bitcoin 10 years to reach 10% adoption. So over the next decade, if the theory holds true, it’ll reach 90% adoption.
In comparison, it took color TV about 30 years to reach 90% U.S. adoption and cellphones nearly 20 years… And as technology advances, these adoption curves get shorter and shorter.
And after recent developments, it’s even more clear that bitcoin’s well on its way there…
On Wednesday, PayPal announced its users will soon be able to use cryptocurrency to pay for merchandise at millions of retailers. Barron’s says the move “could further push digital currencies into the mainstream.”
That’s on top of PayPal’s launch of a new service allowing its 346 million customers to buy, hold, and sell crypto directly from their PayPal accounts just a few months ago. So it’s all-in on the crypto revolution.
But there was even bigger news this week…
A day after PayPal’s announcement, Visa said it would process crypto payments made with the USD stablecoin. And in February, Mastercard said it would facilitate crypto transactions beginning this year.
At the same time, companies like JPMorgan and Goldman Sachs are in the process of expanding their portfolios to include bitcoin ETFs and other digital asset investments.
In just 2019, there were $35 trillion in global payment card expenditures, according to research firm RBR… Imagine if just 1% of those transactions migrated to bitcoin blockchain technology.
So you can see how huge this opportunity is.
If you’re a longtime PBRG reader, these developments won’t surprise you. Daily editor Teeka Tiwari has been predicting widespread bitcoin adoption since he recommended it at $428 in 2016.
Here’s Teeka from December 2020:
Over that time, I’ve been predicting a day would come when Wall Street awakens to the value of crypto assets. Not just bitcoin… but all crypto assets. And today, we’re on the verge of widespread acceptance.
The people who buy and trade bitcoin are a tiny subsector compared to about 500 million global stock and bond investors. The bet I’ve been making with bitcoin is that traditional financial institutions will embrace it as an asset.
Clearly, bitcoin is on its way to mainstream adoption. That’s part of why it’s the first crypto in history to break the $1 trillion mark.
So what does that mean for you?
Bitcoin Is No Longer Enough
Timing is the key variable here…
The S-curve is a proven indicator of when to get on the train and when to get off. And the most significant gains on the S-curve are between 10% and 90% adoption.
So there’s still plenty of time to make gains in bitcoin. That’s why Teeka recently raised his buy-up-to-price on bitcoin to $75,000.
But if you’re trying to make life-changing gains in bitcoin – and really move the needle on your net worth – Teeka has some bad news for you…
The opportunity to take a trivial sum of money – and transform it into a small fortune – doesn’t exist in bitcoin anymore. At about $59,000 each, bitcoin is just for the big boys now. For them, a 10x or 20x gain is a huge move. And over time, I think we will see bitcoin do that.
But for the little guy that wants a shot at changing his life – and who doesn’t have millions to pour into bitcoin – even a 20x winner is not enough.
Now don’t get me wrong… I still believe bitcoin can go much higher from here. The value of the entire global gold market is $9.6 trillion. And as I told you last week, I believe bitcoin will surpass gold as the world’s main store of value. If bitcoin reaches the size of the global gold market… we could see easily see it go up 9x from today’s values.
Here’s the thing about bitcoin…
Not only is it the first crypto to reach $1 trillion… Its historic run also paved the way for a slew of other highly profitable cryptocurrencies.
And Teeka’s early readers have had the opportunity to make 128x their money on bitcoin… They’ve had the chance to make 160x their money on Binance… And saw 350x their money on NEO.
Just $1,000 into each of those turned into a life-changing $638,000.
But Teeka says this opportunity is gone. And it’ll never return.
That’s why if you want to have a shot at making life-changing gains now, you need to look into a different corner of the crypto world.
Crypto’s Next Trillion-Dollar Coin
Teeka calls it Crypto’s Next Trillion-Dollar Coin, and he believes it will get to $1 trillion even faster than bitcoin did.
Like bitcoin, Crypto’s Next Trillion-Dollar Coin is gaining widespread adoption – and will soon enter the most profitable stages of its S-curve.
We’re seeing billionaires like Mark Cuban and Silicon Valley venture capital firm Andreessen Horowitz buying it up… And financial services giants like Visa are building on its technology.
But what really excites Teeka is – like bitcoin – Crypto’s Next Trillion-Dollar Coin has long coattails… and it will catapult other tiny altcoins through the roof.
To prepare you for this altcoin run, Teeka held a special event on Wednesday in which he revealed – for free – the name and ticker symbol of Crypto’s Next Trillion-Dollar Coin to the more than 42,000 people who attended.
Plus, he shared details about six tiny altcoins he believes the Next Trillion-Dollar Coin will catapult along with it.
We’re making the replay of Teeka’s event available for a short time. So click here to watch it now… because it won’t be online much longer.
Editorial Director, Palm Beach Daily