Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.
The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.
People are attracted to Bitcoin for several reasons. The main reason for you to be attracted to Bitcoin may not be the main reason for me. Some of the reasons people are attracted to Bitcoin include
- Freedom from government and oppression
- Hedge against inflation
- Ease of doing international business (Cross order payment)
- Lower fees and lightning speed transactions
- Control of ones funds
- Generational wealth
- FOMO ...they do not want to miss out
It varies from person to person and country to country.