Blockchain adoption is a complicated process that can be likened to the position of the internet in the early nineties, which then makes its early adoption somewhat difficult but not impossible in the nearest future. One major discourse among key players in the cryptocurrency industry is about the mass adoption of blockchain technology and its attendant effects on the market and businesses. The future and impact of blockchain technology cannot be totally determined yet. The blockchain technology has features that go beyond cryptocurrencies and financial technology. Blockchain adoption’s relationship with bitcoin The entrance and acceptance of bitcoin to the financial