At what time did crypto become popular?
me 2StudentJan 04, 2022 · 3 years ago3 answers
When did cryptocurrencies start gaining popularity and becoming widely known?
3 answers
- Jan 04, 2022 · 3 years agoCryptocurrencies started gaining popularity around 2017 when Bitcoin reached its all-time high price. This sparked a lot of interest and media coverage, leading to more people becoming aware of cryptocurrencies and their potential. Since then, the popularity of cryptocurrencies has continued to grow, with more individuals and businesses adopting them as a form of investment or payment.
- Jan 04, 2022 · 3 years agoCrypto became popular when people realized its potential to revolutionize the financial industry. The decentralized nature of cryptocurrencies and the blockchain technology behind them attracted attention from tech enthusiasts, investors, and even traditional financial institutions. The increasing adoption of cryptocurrencies by major companies and the development of various use cases further contributed to its popularity.
- Jan 04, 2022 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the popularity of crypto started to surge in 2017. This was mainly due to the skyrocketing prices of Bitcoin and other cryptocurrencies, which attracted a lot of attention from investors and the general public. Since then, the crypto market has experienced ups and downs, but overall, it has continued to gain popularity and attract more participants.
Related Tags
Hot Questions
- 94
What are the best digital currencies to invest in right now?
- 85
How can I buy Bitcoin with a credit card?
- 83
What is the future of blockchain technology?
- 68
How can I minimize my tax liability when dealing with cryptocurrencies?
- 48
How does cryptocurrency affect my tax return?
- 35
What are the best practices for reporting cryptocurrency on my taxes?
- 32
How can I protect my digital assets from hackers?
- 28
What are the advantages of using cryptocurrency for online transactions?