Why do people love Bitcoin?
Bitcoin continues to overcome new milestones on the way to a new price all-time record. Initially, Satoshi Nakamoto’s project cost only a few cents and was known only in the narrow circle of cryptographers. Years later, the hype around Bitcoin became so massive that the cryptocurrency became a subject for research even for large financial corporations.
Let’s list three main reasons why Bitcoin got the love of so many people in the crypto community:
- Millennials. Millenials love crypto — they want to manage their finances without bank interference or paying unnecessary fees. In addition, digital currency is “closer to the spirit” of the younger generation;
- The underbanked. Nearly a quarter of the U.S. population does not have full access to banking services. All because of low credit ratings or low income. It is Bitcoin that will help these people break out of the vicious circle. Working with the cryptocurrency opens up a world of possibilities for them;
- Early adopters. Even today some members of the general public are pursuing Bitcoin as a significant investment opportunity.
The second most popular cryptocurrency in the market right now is Ethereum. Currently it suffers from the DeFi hype, which causes network fees to grow rapidly. But it still can be used to earn money — join our fair crypto lotto Ethex.bet to get your rewards in ETH for winning every successful guess of hash symbols in the next block!
