Golden Finance reported that analyst Willy Woo explained when Bitcoin will be able to develop enough to rival the U.S. dollar (USD) based on Bitcoin's historical adoption curve. Woo said that the financial community now believes that Bitcoin is a rapidly emerging asset class. However, the total market value of the currency is only about $1.2 trillion, while analysts point out that the value of asset classes is often measured in tens of trillions of dollars. Woo believes that this expectation of BTC means that the financial community believes three things: BTC will grow at least ten times from now on (breaking the $10 trillion market value mark), rival the U.S. dollar in size, and become a reserve asset. Woo referenced the "adoption" curve of cryptocurrencies, and as can be seen from the chart, according to the analyst model's estimates, the number of Bitcoin users is currently equivalent to about 4.7% of the world's population. If the Internet's S curve continues, BTC may still be in its early stages. Assuming that this is the case, the number of users of the token will accelerate from now on. Woo believes that this will happen when the curve enters the 25% to 40% range, which may happen in the 2030s.
