The increased interest in cryptocurrency investments reflects a significant shift in the global financial scene. Cryptocurrencies like BitcoinBTC, EthereumETH and others have attracted tremendous appeal due to their potential for high returns and their position as a hedge against traditional financial market instability.
There are multiple reasons behind this growing interest.
Investors are attracted to bitcoin and altcoins anytime there is a rise in the market. It’s just something that happens in the bull run, the media has its role to play as well because speculations start to fly around that crypto is going to hit all time high. New investors who buy bitcoin in the bull run have in mind to make money from their investment, they hardly care about the decentralized nature of the coin or the use-cases. All they want is profit.
For instance, the decentralized nature of cryptocurrencies provides security and independence from conventional banking structures.
Do not mistake all crypto to be the same as Bitcoin. The only decentralized cryptocurrency is Bitcoin (and maybe Monero).