5 Reasons Bitcoin’s Adoption Is Stronger Than Ever
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Reason #1
Bitcoin is now even more secure.
Compared to one year ago, the computing power deployed on the Bitcoin network by users all over the world has more than doubled.
Reason #2
The number of daily active addresses is stable.
In a big bear market, this kind of stability is an encouraging sign.
Reason #3
Transaction volume has doubled.
This tells us that, once the fever and frenzy were squeezed out of the market, stronger, steadier hands have prevailed and become more active.
Reason #4
The average transaction fee is down to about 25 cents.
That’s cheap, and another positive factor for adoption.
Reason #5
Bitcoin’s Lightning Network has grown nicely.
More importantly, there’s a lot more room to grow, with essentially no limit.
Does all this mean Bitcoin merits an upgrade? Maybe. But while adoption has been improving, our risk/reward metrics have been sliding.