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Here’s 5 Reasons to Stay Bullish on Bitcoin

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Here's 5 Reasons to Stay Bullish on Bitcoin

Here’s 5 Reasons to Stay Bullish on Bitcoin

The trough of disillusionment can be soul-crushing for any investor.

It’s that period of time just after the initial hype wears off. Even though the technology had the public’s attention for awhile, it is now passé and just an outdated story. The world moves on, distracted by other shiny objects that capture its attention.

Interestingly enough, this is also the same period when venture capitalists, engineers, and problem solvers convene to actually build out the given technology. The best and most extreme example of this is virtual reality, which endured a trough of disillusionment for decades. People were talking about VR back in the ’90s, but it took many years for the practical technology to fully catch up to the idea. Now, virtual reality is finally emerging from the trough and people are excited again – this time about products like the Oculus Rift.

The same trough of disillusionment has temporarily captured Bitcoin, the blockchain, and their derivatives. The million dollar question is: when will Bitcoin re-emerge?

We think that cryptocurrency will remain in the trough for some time, but there are many reasons to believe that a robust foundation is being built for these technologies.

Here are five reasons to be bullish on Bitcoin:

  1. Venture capitalists continue to invest in Bitcoin. In 2015, $1 billion was invested in startups focusing on the technology, a 300% increase.
  2. Daily transaction volume and users continue to increase. There are 10,000 new users every day.
  3. Bitcoin has been declared dead by media 72 times, and it has survived 48 scandals. Resilience is key.
  4. Blockchain technology has been proposed for use in 90+ different purposes, ranging from networks of ownerless, self-driving cars to financial derivatives. By the way, the big banks announced even they are using blockchain technology for payments.
  5. There are now 29 bitcoin-friendly nations.

Still not convinced? See how bitcoin will disrupt banking in an infographic we put together months ago.

Original graphic by: Holy Transaction

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Mapped: Internet Download Speeds by Region

North America and East Asia have the speediest internet.

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Map illustrating median download speeds in each global region.

Mapped: Internet Download Speeds by Region

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In today’s fast-paced world, internet speed isn’t just a convenience—it’s the driving force behind how we work, play, and connect.

In this map, we illustrate median download speeds in each global region, based on data from the World Bank’s Digital Progress and Trends Report 2023.

North America and East Asia Have the Speediest Internet

According to the World Bank, download speeds in high-income countries increased significantly between 2019 and 2023, while speeds in lower-income countries stagnated.

As of 2022, North America and East Asia have the speediest internet.

RegionMedian mobile download speed (Mb/sec)Median fixed broadband download speed (Mb/sec)
East Asia & Pacific90171
Europe & Central Asia4485
Latin America & the Caribbean2674
Middle East & North Africa3636
North America83193
South Asia2743
Sub-Saharan Africa1615

This difference in broadband speeds can mainly be attributed to investment.

In 2020, nearly 90% of global telecommunication investment came from East Asia and the Pacific, Europe and Central Asia, and North America. These regions not only concentrate the highest-income population but also the top technology hubs.

Meanwhile, low- and middle-income regions such as Latin America and the Caribbean, South Asia, and Sub-Saharan Africa accounted for less than 10% of total investment.

Most of the investment is directed towards fiber optic and 5G mobile networks. According to the mobile industry association GSMA, mobile operators alone are projected to invest more than $600 billion between 2022 and 2025, with 85% of the total allocated for 5G.

In 2023, broadband speeds in high-income countries were 10x faster for fixed connections, and 5x faster for mobile connections compared to those in low-income countries.

Fixed broadband connections, which provide high-speed internet to residences or businesses, reached 38% of the population in high-income countries. In comparison, fixed broadband penetration was only 4% of the population in lower-middle-income countries and almost zero in low-income countries.

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