The coming of cryptocurrency mass adoption is still to come
The cryptocurrency market has experienced a significant influx of users that was conducted through new market players. There has been a lot of new and unusual investors in the market, with individuals getting really interested in what this technology has to offer. Some are institutional traders, Enterprises, Technicians, computer scientist, and Businesses oriented companies.
This has lead to institutions, programmer and developers getting more interested in what cryptocurrencies have to offer and the applicability to the financial system. Despite this huge increase of new players to the market, it is still very small, as only a few people are owners of cryptocurrencies compared to the global market capacity.
There are about 3 million users currently active with Bitcoins, this, of course, is but a fraction of the currency market capitalization. This makes way for the number of users of cryptocurrencies to achieve tremendous growth power. Bitcoin has seen its fair share of market volatility and upsets since its inception in 2009. The blockchain network has gone through great changes since then. With the introduction of second layer technologies like the Lighting Network which improves network efficiency and reliability for payments and value storage.
