Cryptocurrency investment is now increasingly favored by many people in various parts of the world. Although the development of technology that embodies crypto assets or blockchain has been going on for decades, the world's first crypto coin was only introduced in 2009 namely bitcoin.
After more than a decade, there are now hundreds if not thousands of cryptocurrencies. Although it is undeniable that the charm of bitcoin remains number one. This can be seen from the bitcoin market capitalization of $591 billion as of June 26, 2021.
This amount is even far above ethereum, the cryptocurrency with the second largest market capitalization of $208 billion. Although various countries are still 'not convinced' by the presence of crypto money, it seems that the charm of investing in physical intangible money is undeniable.
Will cryptocurrency someday be able to become a legal currency or legal tender?
The progress than cryptocurrencies specially bitcoin was able to achieve over the years is undeniably great and now it is getting more recognition as it gets more publicized and known by many people. As long as many people are using it responsible and is not ruining its reputation, different cryptocurrencies will surely be able to exhibit innovations which will aid more convenience and financial freedom for everyone. For sure, bitcoin, as the top coin ever since, have a spot in the future already as a legal currency and there are still other altcoins that can be legal together with it as they get more successful.