New research by River Intelligence suggests that bitcoin is currently in the early stages of adoption, suggesting that big things are not yet. For example, the river suggests that the current bitcoin adoption level is equivalent to the Internet in 1990 or social media in 2005.
On 25 February, 2025, a bitcoin-only institution river financial ink. A study issued “What is Bitcoin adopting in 2025?” The report includes subjects such as the current status of the bitcoin protocol, lightning network growth issues, nuances of the latest bull market, bitcoin custody landscape, and more.
Adoption is in the initial stages
More and more governments are embracing bitcoins, the report shows the report. While the crypto policies of China, Afghanistan, and Venezuela remain prohibitive, other countries are adopting crypto-friendly rules, and by 2024, their number had increased, with Russia and Bolivia to pay bitcoin mining, Argentina and Turkey to pay bitcoin, government-backed mining, purchase, purchases and other acquisitions.
One of the most spectacular conclusions of the study is that despite all publicity, rapid growth and government and corporate partnership, bitcoin adoption is still in very early stages. River finds that bitcoin is only 3% of its full capacity, compared to the Internet in 1990, social media in 2005, or online banking in 1996. The study cited the following matrix to support this figure: only 4% of the global population owns bitcoin, ignoring the institutions to its portfolioos to a large extent, while ignoring them to a large extent, while the total beneficial market.
More than this, bitcoin is still in its early stages. The study highlights the ever -increasing amounts of changes being made in bitcoin code and the increasing number of institutions involved in the development of bitcoin and financed the upgrade process. Changes are aimed at protecting protocols, increasing network scaling and improving flexibility of bitcoin storage and transactions.
Price and reduction
A lot has been said about bitcoin deficiency, which is an important driver of its value. The study stated that the supply of bitcoins in 2024 was slowing down compared to all major fiat currencies and gold supply.
Bitcoin is proving to be more than a store store compared to the means of paying everyday. According to the river, the average transaction price in 2024 was $ 17.8k. Since 2021, the annual amount of value transferred via bitcoin has exceeded $ 1 trillion. In 2024, the amount reached $ 3.43 trillion, less than 2021 and 2022 but more than 2023.
According to the study, bitcoin market capitalization (a word (one word) Some questioned With regard to bitcoin) in 2021, exceeding the $ 2 trillion mark, Bitcoin created the world’s 11th largest currency equal to USD. Talking about the current bull market, the river insisted, unlike the last two bull markets, it is not being operated by a global money supply.
In 2024, the main price driver was bitcoin ETFs and businesses, with hedge funds and investment advisors. However, “Peoples Crypto” remained 4.4% by companies with about 70% owned by bitcoin individuals, 6.1% by funds and ETFs and only 1.4% by governments. The fact is that public companies are rapidly becoming a bitcoin holder, hardly anyone surprising anyone, which is recently focusing on the Crypto market. In 2024, the amount of business-accepted BTC increased by 80%.
By December 31, 2024, more than 1.5 million bitcoins (7.5%of the total supply) are lost, while other 968k bitcoins (4.6%of the total supply) are associated with Satoshi address. About 1% of the supply is conducted by bankruptst and smart/DEFI contracts. The total amount of closed bitcoins is more than 2.7 million (about 13%of the total supply).
Power network
Lightning network is not growing very fast recently. The study shows that the reason for this is that very few traders are ready to accept bitcoin, as they have enough other traditional options available. The increase in the number of places accepting bitcoins would have increased the use of the lightening network. Another reason for the slow growth of the lightening network is the relatively low BTC fees. The more they go, the greater the demand for lightening networks.
Bitcoin custody
In 2024, bitcoin custody matured, the study states. Bitcoin’s stake on Crypto exchanges exceeds 70% in 2021-2023, with only 56.6% in 2024. The ETFS and the Defi platforms are around one third of all bitcoins, while the strategy is 10.3%.
Hack lost or other reasons has been continuously decreasing over the last 10 years, with only ups and downs in 2022 when FTX, Celsius, and Block Falls resulted in significant loss of BTC as a result of the collapse of FTX, Celsius and Block. Following the FTX collapse evidence, the industry became standard, significantly reduced the possibility of losing BTC when the crypto exchanges collapsed.
Decentralization
Not only the number of active developers is increasing, but, even more importantly, the number of nodes and network hasht volumes are constantly increasing. The study suggests that the growth of the node volume follows a ascending zig-zag trajectory, which means that in any year, the number of nodes is usually higher than the previous years. In the second half of 2022, the number of nodes and hashrates increased both the number, making it difficult to tamper with bitcoin.
The main issue with decentralization of bitcoin has been reported that mining is pool distribution. A third of the total hasht is manufactured by some public companies. Top three mining pools produce about 60% of the total isht. For geography, bitcoin mining countries are America (36%of Hasht), Russia (16%of Hasht), and China (14%of Hasht). In 2024, the US and China’s share has decreased while Russia is more frequent, which is not surprising, given that the country has recently become a rapidly supporter-crypto.
