In the entertainment industry, entertainers need the news to trend and remain in vogue. Be it a good news or a bad news, it puts their names up on blog post, newspaper headlines and most importantly in the mouth of people. We can deduce from this that Entertainers need the news to stay valid and in vogue and without trying to constantly be in the news be it for a good or bad reason, they can fade away and people quickly forget.
(Replace "entertainment" with "cryptocurrency")
In the cryptocurrency industry, cryptocurrencies need the news to trend and remain in vogue. Be it a good news or a bad news, it puts their names up on blog post, newspaper headlines and most importantly in the mouth of people. We can deduce from this that cryptocurrency need the news to stay valid and in vogue and without trying to constantly be in the news be it for a good or bad reason, they can fade away and people quickly forget.
Been thinking - What do you think is the biggest news cryptocurrency needs that will increase its popularity?
I think the biggest news bitcoin and other cryptocurrencies at large needs would be for the government of World countries to adopt bitcoin as their legal tender. It would be an even bigger news if the first country to do that is China.
Not only would that cause a tremendous increase in the price of cryptocurrencies, it would also mean that cryptocurrencies can now be used as a currency that it was actually created for. This is because the number of merchants that would accept cryptocurrencies for goods and services will be explosive.