Comparison of Internet growth and digital currencies; One billion users by 2027

If the number of users of digital currencies is to grow at a speed similar to the Internet, the platforms and networks active in this field will probably have 1 billion users by 2027. With that said, can the advent of the third generation of the web affect the speed with which digital currencies are adopted?

To Report Crypto Slate Lark Davis, a well-known figure in the field of digital currency, has published a chart on Twitter that shows the acceptance rate of digital currencies in different years. By juxtaposing the lines of acceptance of the Internet and digital currencies, and considering when the rise in popularity of each began, there is a close correlation between the growth of the Internet and digital currencies.

If this trend continues, it is predicted that by 2026 or 2027, the digital currency space will have 1 billion users. This is five times more than current estimates, which put the number of digital currency users at around 200 million.

Since digital currencies themselves rely on the Internet, it is reasonable to assume that the two indices will continue to correlate significantly with each other; But will the acceptance rate of digital currencies change as the third generation of the Web (WEB3.0) begins to expand?

Also read: What is Web 3.0? How to invest in the next generation of the Internet?

Comparison of acceptance of digital currencies and internet

In early 2020, digital currency market analyst Willy Woo said that the acceptance of digital currencies could be compared to the Internet. In such a way that everything starts slowly; But over time, the acceptance of digital currencies will grow exponentially.

Wu said that the widespread acceptance of digital currencies has not yet reached this point and the general public does not see it happening, because humans are mentally inclined to process information linearly.

The analyst said:

Human nature is such that it looks at things linearly. So we do not do very well in looking at exponential growth; Something that Bitcoin specifically shows.

Current estimates vary from the number of digital currency users. While Davis estimates that number at 200 million, or about 2.5 percent of the world’s population, Triple-A estimates that there are 300 million users, or less than 4 percent of the world’s population.

Asked why the widespread acceptance of digital currencies has not yet taken place, Wu said the question is like a user asking in 1994 why no one uses the Internet. In other words, acceptance is already happening.

To what extent is the third generation of the web accepted?

Web 3.0, known as the next generation of the Internet, has a lot to do; But what exactly is this ambiguous term and why is it important for the digital currency space?

Fabric Ventures, a venture capital firm, described in a third-generation Web article as a tool for users and machines to interact through peer-to-peer networks that do not require third-party intervention.

Fabric Ventures wrote in this post:

The result: a human-centered, human-centered, privacy-based computational product for the next wave of the web.

The term peer-to-peer symbolizes the importance of realizing the position of digital currencies and the Chinese blockchain in the third generation of the Web.

With the advent of Web 3.0, the logical conclusion is that the Internet and the Chinese blockchain are fully integrated; Thus, the speed of acceptance of digital currencies will increase dramatically and will reach levels beyond Willow’s expectations.