The Hype Of Bitcoin : Why??

bikash08 (43)in #bitcoin • 6 years ago

The Bitcoin Crypto-Currency Has Created Such A Buzz In The Market In The Recent Days That Every Media, News And Millionaires Are Providing Their View About It In Different Forms. The Price Of The Bitcoin When I Am aking This Blog Is About 1Btc = 10,759.00 US Dollar In The CoinmarketCap Official Website.

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What Is The Main Reason For Bitcoin To Hit $10,000 Mark In Such A Short Period Of Time?

The Actual Reason Is That World's Biggest Developed And Powerful Countries Like Russia And Japan Has Legalised The Use Of Bitcoin In Any Forms Within Their Whole Country. This Has Helped People To Store The Crypto Currrency And Also Mine Them.

Another Reason Behind It's Price Increase Is That World Top Multi-Millionare Like Bill Gates Have Also Invested In This Crypto Coin. They Know The Potential Behind The Coin And The Revolution It Will Cause To The Whole World.

These Are The Main Reasons.

Other Reasons May Be Due To:

⇉ The Increase In Price Of The Bitcoin May Also Be Due To The Election Of The USA President Donald Trump. He Stated That If He Became The President He Will Throw Away All The Muslims And Black American From The USA. This Caused A Panick And All The People Started To Store The Money They Have In Terms Of Bitcoin So ThatIt Can Be Accessed From Anywhere Around The Whole World.

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⇉ The Other Reason Might Be The Use Of These Coins In The Dark Web For Buying Drugs, Weapons, Pornography And For Hiring A Hitman. This Coin Was Used As It Is Untracable And The Coins Are Virtuals And No One Can Track It Completely.

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These Are My Thoughts Regarding The Price Increase In Bitcoin. What Do You Think About It? Make Sure o Leave Your Opinion In The Comment Sections. It's Me Bikash Baniya Writing This Blog For You People.