Why people are going crazy over bitcoin and other digital currencies?

in #steemit7 years ago

These are the few reasons why people are going crazy about BTC and other cryptocurrencies:

  1. The price of Bitcoin tripled since beginning of year from blow 1000$ TO near about 3000$ dollars.

2.ETH or Ethereum coin touched about 407$ last week and gaind almost 5000% increase since beginning of year.

3.The market cap for cryptocurrencies is now more than $100 billion, up from about $20 billion at the beginning of the year according to cryptocurrency tracker CoinMarketCap.com.

4.Also government of Japan made bitcoin legal.

So are you intrested?

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Not only Japan but China and South Korea are also there in bitcoin's race.

Very interesting ! But other country like France will forbid the bitcoin because they lose money on taxes ;(

what do you see it future? is it reliable?

@thegame68 Bitcoin damages the economy of France, which is why the government wants to ban it.

Yes it can damage the economy of many countries whose income mainly depends upon taxes..
Are you from France @xenorph ?

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