Bitcoin (BTC) Enters Facebook’s “Uncool” Phase, What Does It Mean?

Jakarta, Pintu News – Bitcoin (BTC) is back in the spotlight after Bloomberg ETF analyst Eric Balchunas revealed that the largest crypto asset has entered an adoption phase similar to Facebook’s (META) journey from 1 billion to 3 billion users.

According to Balchunas, Bitcoin’s (BTC) loss of “anti-establishment” appeal signals maturity, not decline. This phenomenon is driven by the presence of spot Exchange-Traded Funds (ETFs) that open the door to institutional investors and the public at large.

With this change, Bitcoin (BTC) is predicted to experience significant growth in its user base, just as Facebook (META) did a decade ago.

Spot ETFs: Key Catalysts for Bitcoin (BTC) Transformation

The launch of spot Bitcoin (BTC) ETFs in the United States was an important turning point in the history of the digital asset. Products like BlackRock’s iShares Bitcoin Trust (IBIT) attracted more than 1 million investors in just one year. This signifies that Bitcoin (BTC) is no longer dominated by the “underground” crypto community, but is being adopted by a wider audience, including generations that were previously considered less interested in digital assets.

This change in investor demographics is reminiscent of the time when Facebook (META) began to be used by parents and older generations, which actually drove exponential growth in the number of users. This transformation is also reflected in the global Bitcoin (BTC) ownership data.

Currently, there are an estimated 106 million Bitcoin (BTC) holders worldwide, up dramatically from a range of 30 million to 50 million in 2021. IBIT alone now controls 782,180 BTC, or about 3.9% of the total Bitcoin (BTC) supply in circulation. This surge in the number of owners is proof that Bitcoin (BTC) adoption has entered a new, more inclusive and massive phase.

Also read: These 6 US Economic Data Potentially Shake Crypto Ahead of Good Friday

Facebook Analogy (META): From “Not Cool” to User Explosion

Eric Balchunas compares Bitcoin’s (BTC) current situation to Facebook’s (META) journey when it started being used by the older generation. In 2012, Facebook (META) reached 1 billion monthly active users, and that number jumped to 3.07 billion by the end of 2023.

Although the annual growth rate declined below 10% after 2013, the number of Facebook users (META) still almost tripled during that supposedly “boring” period. This phenomenon shows that losing exclusive appeal opens up much greater growth opportunities.

Balchunas emphasized that when an asset or platform loses its “niche” identity and begins to attract passive capital from the wider community, that phase is often the beginning of the greatest growth.

Something similar is now happening with Bitcoin (BTC), where more and more institutional and individual investors are entering through spot ETFs. As such, Bitcoin (BTC) has the potential to follow in the footsteps of Facebook (META) in terms of exponential user base growth.

Read also: World Oil Price per Barrel Today, Tuesday, March 31, 2026

Data and Trends: Bitcoin (BTC) Has Just Started Its Big Journey

Requests for data on the growth in the number of Bitcoin (BTC) owners in the last 3, 5, and 10 years have further strengthened market optimism. BlackRock reported that more than 1 million people have purchased IBIT in less than a year since its launch. If all Bitcoin (BTC) ETF users are combined, the number of owners of this digital asset will jump much higher than in previous years.

This indicates that Bitcoin (BTC) has just entered the initial phase of a larger growth cycle. On the other hand, there are still many skeptics who think Bitcoin (BTC) has lost its appeal. However, data shows that the “Bitcoin (BTC) is dead” narrative is inversely proportional to the reality on the ground.

Every time Bitcoin (BTC) is considered obsolete, more and more new investors come in and strengthen its ecosystem. With an ever-increasing growth trend, it is believed that Bitcoin (BTC) will break new records in the next few years.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

As a safe crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today ‘ s gold jewelry price and today ‘ s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

Download the Pintu crypto app via Play Store or App Store now. Enjoy the web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Bitcoin Is in Its ‘Facebook Uncool Phase’ – Why This Is Bullish. Accessed on March 31, 2026
• Featured Image: Investing News Network