Although I am a new member of the forum, I have been familiar with crypto for a few years. I looked at the marketplace and found that the market fluctuated a lot, but I also saw many types of coins that have a market. Despite having many coins, how did this bitcoin become so popular? Why is this coin so popular? Why is it so popular?
There are many reasons for this, to begin with bitcoin was the first asset of its kind, giving it an advantage over any other coin as it is the oldest, second, bitcoin is also the most trustworthy, since Satoshi did not did any premine or kept a great deal of the coins for himself, and while it is speculated he holds the highest amount of bitcoins, he got those fair and square by mining them like everyone else, so if at the time there was someone willing to use their resources to mine more bitcoin than Satoshi, they could have done it, third, bitcoin is not a cash grab like most other coins, fourth, the economic theories behind bitcoin are solid and have been tested through history, unlike the theories current economists use, so all in all bitcoin has reached its success simply because it deserves it.