Though I'm new in the cryptocurrency space,I have been hearing so much about crypto ( Bitcoin precisely) lately even before I got registered on the forum and I had to ask this very question because in three days I've heard and seen people talk and discuss about Bitcoin and cryptocurrency in general and it prompted my question wanting to know why it has been talked about this much and gaining more acceptance in my local community despite it's restrictions in my country and is it also gaining this much fame in your environment?
Bitcoin is gaining fame because people that it can potentially disrupt the current financial system. The current financial system is monopolistic and doesn't provide much opportunities of growth to an average person. Bitcoin is a revolutionary concept in the world of finance as it is deflationary and decentralized & its network can be used to make transaction across the border within minutes without involving any financial institution. Bitcoin's underlying technology, blockchain, also has the potential to be used in a wide range of industries, and as a result it has been gaining attention of media all over the world.