Bitcoin’s Early Adoption: A Comparison to the Internet and Amazon

Hedge fund manager Anthony Scaramucci believes Bitcoin is still in its early stages of adoption, similar to the early days of the Internet and Amazon.

Adoption Rate Comparison

Scaramucci compares Bitcoin’s current adoption rate to March 1999, when only 5% of the global population had access to the Internet. This suggests that Bitcoin has significant room for growth in the coming years.

Lessons from the Past

Scaramucci points to the success of Amazon, which faced skepticism in its early days but eventually became one of the most successful companies in history. He believes Bitcoin has the potential to follow a similar trajectory.

Investment Advice

Scaramucci advises investors to stay patient with Bitcoin and to allocate it appropriately in their portfolios. He believes that those who do will be well-rewarded in the long run.

Current Market Status

At the time of writing, Bitcoin is trading at $67,410, up 7.5% in the last 24 hours.