• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Adoption Outpaces Internet, Says BlackRock

user avatar

by Giorgi Kostiuk

a year ago

BlackRock's report claims that cryptocurrency adoption is surpassing the speed of Internet and mobile phone adoption.

Comparison with Early Internet

In its recent report, BlackRock compares the growth of Bitcoin and other digital assets to the early days of the Internet. One of the executives noted, 'The adoption of Bitcoin and crypto is like watching the internet take off in real-time.'

The adoption of Bitcoin and crypto is like watching the internet take off in real-time.one of BlackRock's executives

Growing Interest in Cryptocurrencies

Cryptocurrencies have transitioned from niche investments to mainstream asset classes. Major financial institutions, such as JPMorgan and Goldman Sachs, have started offering crypto-related services. Companies like Tesla and MicroStrategy have invested heavily in Bitcoin, while governments like El Salvador have adopted Bitcoin as legal tender.

BlackRock's Role in Crypto World

BlackRock plays a significant role in the crypto derivatives market. IBIT options, underpinned by BlackRock’s spot Bitcoin ETF, have gained traction among both institutional investors and retail traders, highlighting growing interest in innovative products.

BlackRock's report highlights that cryptocurrencies are quickly becoming mainstream, driving significant changes in financial markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cursor AI Transitions to a Comprehensive Development Platform

chest

Cursor AI is evolving from a coding assistant to a comprehensive development platform, focusing on team collaboration and complex functions.

user avatarMaya Lundqvist

Tajikistan Introduces Harsh Penalties for Illegal Cryptocurrency Mining

chest

The government of Tajikistan is set to impose severe fines and prison sentences for miners illegally using electricity to mine cryptocurrencies.

user avatarJesper Sørensen

Science Corp's Commercial Path for Brain-Computer Interfaces

chest

Science Corp outlines a clear commercial trajectory for brain-computer interface (BCI) technology, focusing on medical applications with therapeutic benefits.

user avatarRajesh Kumar

Max Hodak Expresses Concerns Over Social Media

chest

Max Hodak expresses concerns about the dangers of social media platforms like Twitter, prioritizing them over potential hacking of brain-computer interfaces.

user avatarFilippo Romano

Max Hodak Achieves Vision Restoration Breakthrough

chest

Max Hodak, co-founder of Neuralink, announces a breakthrough in vision restoration with a retinal implant smaller than a grain of rice, potentially enabling 80% of blind patients to read again.

user avatarLucas Weissmann

Visa Survey Highlights AI and Cryptocurrency's Role in Holiday Shopping

chest

Visa's survey highlights the growing influence of AI tools and cryptocurrency on consumer spending during the holiday season, particularly among Gen Z shoppers.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.