Bitcoin’s popularity increased immensely in the wake of the global financial crisis that reduced the credibility of banking institutions and led to the imposition of capital controls by governments.
Unlike traditional currencies, Bitcoin did not only survive but also thrived in the aftermath of market-shaking events.
In the years following the speculative bubble at the end of 2013, bitcoin has seen a strong resurgence of interest among global investors as the wider bitcoin ecosystem has matured significantly and an increasing number of institutions accept the digital currency.
Investors do not only approach bitcoin as a financial instrument to speculate on, but they also use it as an alternative to traditional stores of value such as gold thanks its volatility.
(Forex Broker)
Comment by Hans
April 24, 2024
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