Public perception has a huge impact on the value of the currency. So, in the case of bitcoin, people who react positively to innovation can act as a driving force. Another incentive is that the very idea of a crypto currency is attacking a corrupt banking system, and it will not be possible to cope with an emerging competitor using traditional methods. Negative reactions can be caused by the fact that crypto-currencies are often associated with illegal activities.

July 31, 2018, 08:09:29 AM

Public perception has a huge impact on the value of the crypto currency. In the case of bitcoin, people who react positively to innovation can act as a driving force. Another incentive is that the very idea of a crypto currency is attacking a corrupt banking system, and it will not be possible to cope with an emerging competitor using traditional methods.