How long until mainstream adoption? Previous revolutions in money. In the mid 90s, you still couldn’t pay with a credit card in many places. I predict it will take 15-20 years for mainstream adoption of Bitcoin. We are in a race because governments around the world are trying to ban cash and force us to adopt a different sort of digital currency with complete surveillance, where they can flip and switch and you will no longer exist as a person if you doing anything they consider radical. Adoption patterns and the Gini coefficient. The ownership of Bitcoin is not as diverse as it should be, primarily because of the way it grew. But people who got in early and took the risk have been enormously rewarded; no one’s coming to bail out Bitcoin.

This talk took place on December 6th, 2016, at the Bitcoin Cologne meetup in Köln, Germany:

Watch the full talk here:

Measuring Success: Price or Principle –
Crossing the chasm of theoretical vs. real need –
Why mainstream adoption will be neither gradual nor radical –
How will Bitcoin be adopted by developing markets? –
What are the challenges to Bitcoin achieving mass-adoption? –
When will Bitcoin see mass-adoption? – Internet Diversification –
Remittances and smuggling in Venezuela –

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.

Follow on Twitter: @aantonop

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

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Translations of MASTERING BITCOIN:



Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) –
French, ‘L’internet de l’argent’ (v1) –
Russian, ‘Интернет денег’ (v1) –
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) –


Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (



  1. Check out what Karatbars is doing with it's K-Merchant system. It allows payments in Bitcoin, Ethereum and Karatgold Coin (KBC). Just launched in June 2019. No fees for the merchant or customer to use. K-Merchant will help lead the world in mass adoption of cryptocurrency.

  2. It's crazy, and I'm not super religious, but the bible talks about a one-world currency, where if you don't bear the mark you can't trade. That's where the governments want to take us- RFID implants that track us and record our every location and expenditure of starve and die. It's scary to imagine, but it's not so far-fetched.

    … or even rectangular devices with google tracking for our traveling "convenience", where we also happen to do our online banking and text our most private communications with friends and family

  3. I know this is for illustrative purposes, but original bank notes weren't "given" to people instead of gold as a system. People were storing their gold in the smith's safe and got receipts for those, like when one leaves dirty clothes in a laundry.

    Non surprisingly, people found it was easier to interchange this receipts with other people instead of getting their gold, paying and then putting it back in the safe every time.

    On the long term the gold smiths became the banks and started ripping everyone of by selling them "fake" good receipts.

  4. Crypto's will reign supreme…..eventually, but it won't be Bitcoin or another independent Crypto, it will be controlled by the Big Banks and it won't be speculative in nature like Bitcoin, it will just be another Fiat currency.

  5. Every time I listen to Mr. Antonopoulos speak about Bitcoin I get super inspired about the future of distributed ledger technology. I believe there is no better time to start learning and digging deeper for yourselves than now.

  6. Here it seems like he didn't shift to his "Bitcoin no Blockchain vision" yet. I wonder what got him there, is it financial interest? An agenda focussed on mainstream adoption with BTC being the frontman? True fundamental analysis, like only one POW ledger? I'm curious because Andreas used to be 'more neutral' in terms of technology vs ideology. This question doesn't mean that I don't have respect for the man, we need more people like him. Please run for president!

  7. Some issues here:
    1. "the price rises because of adoption and not the other way around"
    I'd say the price rises primarily because of speculation about future adoption, and the rising price does actually help promote it and thus helps with adoption; it goes both ways at least.
    2. "inequalities are justified (paraphrasing here) because early adopters took huge risks"
    Huge risks seems like a huge overstatement. You need to have money in the first place to invest, and less, the earlier you invested, so the actual risk involved varies.

    As a general overview of the topic at hand tho, this was an excellent answer. 🙂

  8. This is interesting. One of the many conspiracy videos I watched years ago was about Aaron Russo who became friends with one the of Rockerfellers, David I believe. At one point. Russo asked Rockefeller what their (their meaning the old money essentially running the world) ultimate goal was. He responded that they wanted to chip everybody so they could ultimately switch off the chip if the person got out of line. Hard to say if all that actually happened, but it sure does seem plausible.

  9. 1:57 He says banks want to replace paper currency with a digital currency. In Europe, especially Germany, virtually everything for the past 20 years has been paid online, including your salary and rent and debit cards are used for in-store purchases. So in effect, this IS digital currency.

  10. I love the generation that says you should buy physica assets….like saying you need to buy CD's, because if the internet goes down you cannot listen to spotify

  11. Credit cards were a way to spend
    money, not a currency. Although, they did create more currency in a sense. But still, completely different than a new currency such as bitcoin. But yes, in the end, it will likely happen.

  12. I have heard the claim from many fringe kook economists that the state wants to take away your cash so they can create a surveillance state and then eliminate their enemies. I have heard this again and again. Flip a bit and you dont exist anymore because you attended a rally. I call bullshit. This is baseless libertarian paranoia used to scare people in the room.

  13. The evolution of Bitcoin doesn't have to be Ledger based, it will be distributed on-chain with scalability and efficiency. Most importantly decentralized, permissionless, boarderless and likely cryptographic without a separate class of miners.


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