Cryptocurrency adoption is near a hyper-inflection phase, similar to what the internet experienced during the mid-to late 1990s, Wells Fargo said.
Cryptocurrencies are near a phase of hyper adoption, similar to what the internet experienced in the mid-to late 1990s, Wells Fargo said.
While the rise of the internet can be linked to the growth of personal home computers in the early 1980s, by 1995 only 14% of U.S. adults had internet access, according to Pew Research. The rate rose significantly to 46% in 2000. Despite such potential, Wells Fargo warned that investors should be patient and prudent in their crypto investments, recommending qualified investors to seek professional management through a private placement, instead of buying crypto directly from exchanges or investing in bitcoin futures-based exchange-traded funds.
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