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Bitcoin (BTC)
The reason why bitcoin has become such a valuable asset
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[QUOTE="Good-Guy, post: 248660, member: 29109"] I do not think that there is single main reason why Bitcoin became so popular. There are many reasons that led to the popularity of Bitcoin. 1) Investors One of the main reasons why Bitcoin became so popular is due to the fact that there are so many people who have invested money in Bitcoin. Bitcoin would not have become popular if investors had not invested money in Bitcoin. One of the main reasons why Bitcoin is falling right now is due to the fact that many investors have withdrawn their investments from Bitcoin and this mainly led to the downfall of Bitcoin. 2) Bitcoin As A Payment method This is also one of the main reasons why Bitcoin became so popular. Before Bitcoin was invented, people mainly used traditional payment method like bank accounts, checks, etc. Moreover, some people also used payment processors. However, after Bitcoin was invented, people adopted Bitcoin and Bitcoin is also used by many major companies to collect payments. This also made Bitcoin popular. 3) Overall Hype The hype of Bitcoin also made it much popular. When something becomes a hype, people start to adopt it more and more and people begin to adopt it. [/QUOTE]
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