3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Network Effects in Bitcoin Adoption

Every new technology gets adopted at a significant enough scale that it becomes a core piece of how we live our lives by way of network effects. It doesn't just get introduced or dropped into the world like a central bank digital currency, it grows with time because it offers something useful to its users. So you kind of see this trend now where people will only sell their goods or services for Bitcoin. And I think we're on a very clear path with Bitcoin in terms of its adoption mirroring what we've seen with other major communications technologies.

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