The CEO of Coinbase, Brian Armstrong, points out that bitcoin adoption is advancing faster than other significant technological advances, including the internet and mobile phones. The executive makes his remarks in reaction to an online talk between entrepreneur Mario Nawfal and other participants.
According to Blackrock data, Nawfal revealed that cryptocurrency gained 300 million users in twelve years, which grew faster by 43% compared to mobile phone adoption and 20% beyond internet adoption.
Brian Armstrong Highlights Bitcoin’s Rapid Growth Potential
Blackrock statistics show that young investors embrace cryptocurrencies because of inflation worries and support from former U.S. President Donald Trump. The market value of bitcoin ETFs will reach $250 billion shortly, while improved rules for cryptocurrencies push them toward widespread use by everyday people.
Armstrong answered Nawfal’s post on X by explaining that:
“It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct. Bitcoin adoption should get to several billion people by 2030 at current rates.”
It really depends what you count as the official start year – for Bitcoin, Internet, and mobile phones – to make this comparison. But regardless, this is directionally correct.
Bitcoin adoption should get to several billion people by 2030 at current rates. https://t.co/JEU8P7YmLP
— Brian Armstrong (@brian_armstrong) February 10, 2025
Blackrock Report Highlights Bitcoin’s Unprecedented Growth Rate
As global asset leader Blackrock announced research findings on January 13 it revealed bitcoin’s historically fast user growth. According to their report BTC stands ahead of the internet and mobile phones because it achieved 300 million users faster.
Since its introduction in 2009, BTC has kept attracting users at an annual rate that is more than double that achieved by early internet growth rates at 63% and mobile phones at 25%. Internet functions started in 1983, and mobile phones appeared in 1973 yet delivered 300 million users within separate timeframes of 14 years and 16 years, respectively.
Blackrock says BTC stands apart as it gains users through its decentralized design, which develops financial systems and works as both a money store and possible payment system in different regions around the world.
Bitcoin ETFs Expected to Gain $250 Billion in Assets
Bitcoin has changed far more than how people communicate since all previous technology advanced communication alone. As a distributed digital asset BTC shows people how to avoid traditional finance systems they distrust.
The crypto market moves ahead due to rising institutional buy-in and better regulatory standards. ETFs that hold BTC will be introduced to the market which expects to gain $250 billion in assets through institutional investor trust. Global authorities are taking steps to solve BTC’s legal status which makes it more acceptable in standard financial transactions.
Bitcoin’s Financial Revolution Mirrors the Internet’s Impact
Armstrong forecast that Bitcoin will grow its user base to billions this decade to show its market potential. BTC is expected to bring the same level of financial transformation towards 2030 as the internet brought to communications.
The report from Blackrock shows the younger digital-native generation drives the financial technology shift. The future growth of BTC depends on better technology formats plus government support combined with bigger institutional participation in its trading.
Conclusion
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Bitcoin proves superior to past innovations by gaining quick popularity in reshaping financial systems worldwide. The system receives strong support from institutions, which leads to rising official framework changes, plus younger people accepting BTC with more confidence. According to forecasts, BTC can reach a global following of billions during the next decade, which will change our present financial infrastructure entirely.
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FAQs
1. Why is Bitcoin growing faster than the internet?
Bitcoin’s decentralized nature, institutional support, and inflation concerns drive rapid adoption.
2. What fuels Bitcoin’s mainstream adoption?
Institutional investments, regulations, ETFs, and distrust in traditional finance boost growth.
3. How does Bitcoin differ from the internet?
Unlike the internet, BTC transforms finance as both an asset and currency.
4. What did Brian Armstrong predict?
He expects BTC to reach billions of users by 2030.
Glossary of Key Terms
Bitcoin – A decentralized digital currency that operates without a central authority.
ETF (Exchange-Traded Fund) – A fund that tracks an asset, like BTC, and trades on stock exchanges.
Blackrock – The world’s largest asset manager, providing investment research and financial services.
Decentralized Finance (DeFi) – A blockchain-based financial system without intermediaries like banks.
Adoption Rate – The speed at which users embrace new technology or financial assets.
Reference
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