An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.
https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96fI agree. Bitcoin was able to withstand all the challenges thrown at it over the past years. Despite the rumors, schemes, and scams, painted on its name, bitcoin was able to bounce back from the mud to the sky. It has shown its potential from the very beggining until today. Its popularity isn't just a hype, but a worthy one most especially whenever you buy the dip because you can gain more as time passes by. Bitcoin has been one of the top investments of every social classes may you be rich, average, or poor.
You can never go wrong in bitcoin. Once its value crashes down, it's the best time to buy as much as you can and hodl until the moment you need funds. Although it is known to be volatile (all crypto is), you can still savor the fruit of your patience once its position pumps. No wonder bitcoin is the crowd's favorite. It indeed passed the test of time. Its value's potential to rise is undeniably strong to happen in the future.