I'm fairly certain the adoption rates graph is even more skewed than it appears on paper. For example, Nigerians have to learn about peer-to-peer trading and how to store their own keys because the government is after them. That's completely different than an American depositing money into Coinbase and buying Bitcoin and just leaving it on the exchange. The graph would count both of these groups as equals, and they are not. Nigerians know way more about crypto than most countries because they have a heavy incentive to learn.
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That could be true. There is more value with one who actually uses blockchain based applications for different activities as compared to those who simply buy a couple hundred dollars of some token.
However, even those that are buying it are involved. They make Coinbase more valuable, even though they will likely find bankruptcy.
It all feeds into the same trough.
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