Bitcoin reaches a turning point with more users than the internet in 1997

The year 2024 promises to be a pivotal year with the massive adoption of Bitcoin. The number of users of the crypto queen exceeds that of the Internet in 1997! In a tense global economic context marked by galloping inflation, this pioneering crypto seems ready to disrupt existing financial and technological models.

Bitcoin, towards hyper-adoption in a context of crisis?

With 435 million users estimated for the end of 2024, Bitcoin reaches a major symbolic milestone, surpassing the adoption of the Internet in 1997 at just 70 million Internet users. Despite this meteoric popularity during times of economic instability, however, its mathematical scarcity of 21 million units remains intact, likely boosting its valuation as a decentralized store of value.

In 2024, Bitcoin will experience meteoric adoption!  The number of users of the crypto queen exceeds that of the Internet in 1997.In 2024, Bitcoin will experience meteoric adoption!  The number of users of the crypto queen exceeds that of the Internet in 1997.
Bitcoin Users 2024

Some renowned analysts like Vivek Raman even predict an imminent phenomenon of hyper-bitcoinization where the main cryptocurrency could gradually supplant traditional fiat currencies, eaten away by galloping inflation. Although Warren Buffett continues to warn against Bitcoin, more and more institutional and individual investors are being seduced by the anti-inflationary and revolutionary potential of this decentralized digital currency. If this adoption continues in the context of a global financial crisis, it could truly catalyze this major economic shift. However, Bitcoin is not the only one doing well. Internet Computer (ICP) competes with the cloud computing giants.

The Internet Computer (ICP), decentralized anti-monopoly cloud computing

Alongside the rise of Bitcoin, another blockchain innovation based on decentralized principles is making a notable entry into the very lucrative but controversial cloud computing market: Internet Computer (ICP). With a market capitalization exceeding $8.5 billion at the start of 2024, it is positioning itself as a serious challenger to centralized cloud leaders like Amazon Web Services (AWS), regularly criticized for its monopolistic practices.

Discover our free newsletter
This link uses an affiliate program

Already generating revenues estimated between 1 and 2 billion dollars according to analysts, Internet Computer (ICP) is proving its immense potential for disruption and is attracting more and more companies. Unlike traditional cloud providers that rely on opaque centralized infrastructures, Internet Computer is fully decentralized on blockchain, providing enhanced privacy and security for enterprise data. In addition, its ambition for interoperability with other blockchains could greatly accelerate the adoption of this solution for next-generation decentralized applications.

Major benefits and challenges of the transition to decentralization

Beyond the undeniable technical advantages, Bitcoin and Internet Computer (ICP) also promise profound economic and societal impacts if they actually experience a mass adoption in 2024. From a financial point of view, the decentralized nature of these innovations would allow for much better banking inclusion of disadvantaged populations around the world thanks to reduced transaction costs and the absence of intermediaries for money transfers .

However, this profound upheaval of traditional centralized economic and technological models will not be without clashes or fierce resistance from established players. We can expect intense legal and regulatory battles around issues of tax compliance, consumer protection and anti-money laundering as these decentralized systems like Bitcoin and blockchains gain systemic importance.

2024 seems to mark a turning point with the massive adoption of Bitcoin and the Internet Computer (ICP). Whether it is the queen cryptocurrency or a blockchain democratizing cloud computing, these innovations are shaking up the established balance of power. If their growth continues despite regulatory and societal challenges, they will outline the contours of a profound upheaval. Where new disintermediated economic models will emerge, redistributing powers through the prism of large-scale decentralization.

Buy your first cryptos with the Binance platform
This link uses an affiliate program

Maximize your experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Similar Posts