I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
Aside from the concept of supply and demand, the media plays an important role in the popularity of bitcoin and the whole crypto industry. The articles circulated about cryptocurrencies have opened the eyes of the public to see this online world and also saw the potential it has. This made the market for crypto to expand and successful. Hopefully, we will see more about bitcoin and the increasing number of companies linking with it.
But the main FUD spreaders and source of fake news are those media people that got paid whenever they spread FUD about Bitcoin. But even with this struggles and hardships on Bitcoin it still manage to survive and surpass this difficult situation. Each year more and more people are getting curious about this digital currency called Bitcoin and we all know that we are already living in the digital age and crypto currencies are part of this era, even a lot of people will be against this kind of technology, they will not have the power to stop it or destroy it. Bitcoin is one of the best innovation when it comes to our monetary and payment system and it will continue to grow as time goes by.
