The Hockey Stick
One of the world’s largest banks just published a crypto report arguing that we are still early. Wells Fargo’s crypto report titled, “Cryptocurrencies, too early or too late?” is wildly bullish, making the case that investors are in fact, not late. The report, which can be read HERE, makes the concise and well-supported claim that crypto adoption today is mirroring that of the internet in the mid-to-late 1990s - something I have been saying for a long time now. I transcribed the most important points below for you to read.
Crypto appears to be near a “hyper-adoption phase,” similar to that of the internet during the mid-to-late 1990s.
Cryptocurrency adoption rates look to be following the path of earlier advanced technologies, particularly the internet. If this trend continues, cryptocurrencies could soon exit the early adoption phase and enter an inflection point of hyper-adoption… where adoption rates begin to rise and don’t look back.