What is the purpose of cryptocurrency?
The original intention behind Bitcoin, the first cryptocurrency, was to create an electronic cash system people could use in daily transactions. You technically can buy and sell things with it, but it’s not widely accepted as a form of payment yet, so you’ll have very limited purchasing power. Bitcoin’s price fluctuates quickly and the original aim is still not achieved.
While BTC is not a ubiquitous digital money system, Bitcoin has shown investors that it can be potentially profitable as an investment asset. Many individuals purchase crypto to cash it out for a benefit after it increases in value. BTC reached a new high since May 2021 at once. But given the crypto’s history of volatility, this increase doesn’t guarantee a long-term reversal. Hiribi will hold the door for you, so get in time, if you want to receive your gain.