The most recent Cointelegraph Report undertakes an examination of the present growth rate of global cryptocurrency acceptance, and endeavors to forecast the timeline for crypto achieving mass usage.

The attainment of mass adoption is essential for cryptocurrencies to fully realize their potential, both as a network technology and as financial assets.

The trajectory of crypto adoption mirrors the traditional bell curve seen with other technologies: originating from a limited group of pioneers, it gains momentum as early users start to incorporate it, gradually moving towards mass adoption as the early and late majority catch on. The final phase witnesses the technology reaching the laggards.

Since its inception 14 years ago, Bitcoin’s adoption has seen an exponential increase. It has transitioned from being a niche technology circulated within a small community of cypherpunks and tech enthusiasts to garnering worldwide recognition, with several countries even recognizing it as legal tender.

Yet, according to most approximations, the global adoption rate of crypto is still in the single digits, indicating it’s still in the “early majority” stage of worldwide acceptance.

To advance beyond this stage and achieve genuine mass adoption, cryptocurrencies must bridge the “chasm” — the gap that divides early adopters from the early majority. This leap may necessitate specific catalysts.

What could these catalysts be, and how close is cryptocurrency to achieving mass adoption? To delve into these queries, don’t miss the latest Cointelegraph Report on YouTube, and make sure to subscribe!