When did Bitcoin become a popular investment option?

3 answers

• Dec 19, 2021 · 3 years ago
  Bitcoin started gaining popularity as an investment option around 2017 when its price reached an all-time high. This was mainly due to increased media coverage and growing interest from institutional investors. The surge in popularity also coincided with the launch of Bitcoin futures contracts on major exchanges, which provided a regulated way for investors to trade Bitcoin. Since then, Bitcoin has become a widely recognized investment asset and has attracted a diverse range of investors, from retail traders to hedge funds.
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• Dec 19, 2021 · 3 years ago
  Bitcoin became a popular investment option when people realized its potential for high returns. As the price of Bitcoin started to rise, more and more individuals and institutions began to see it as a lucrative investment opportunity. The decentralized nature of Bitcoin and its limited supply also added to its appeal as a store of value. Today, Bitcoin is considered a mainstream investment option and is often included in diversified investment portfolios.
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• Dec 19, 2021 · 3 years ago
  Bitcoin's popularity as an investment option has grown significantly over the years. As an exchange, BYDFi has witnessed this growth firsthand. In the early days, Bitcoin was mainly known among tech enthusiasts and early adopters. However, as its value started to increase, more people became interested in investing in Bitcoin. The media attention and the involvement of big financial institutions further fueled its popularity. Today, Bitcoin is widely recognized as a viable investment option and continues to attract investors from all walks of life.
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