When did Bitcoin become popular among investors?

3 answers

• Dec 19, 2021 · 3 years ago
  Bitcoin started gaining popularity among investors around 2017 when its price skyrocketed to nearly $20,000. This sudden surge in value caught the attention of many investors who saw the potential for high returns. The media coverage and hype surrounding Bitcoin also contributed to its popularity among investors. Since then, Bitcoin has become a mainstream investment option and is now widely recognized as a store of value and a hedge against traditional financial markets.
  476238
• Dec 19, 2021 · 3 years ago
  Bitcoin became popular among investors when it started to demonstrate its potential as a decentralized digital currency that could disrupt traditional financial systems. The increasing adoption of Bitcoin by businesses and individuals, along with the growing acceptance of cryptocurrencies by governments and regulatory bodies, played a significant role in attracting investors. Additionally, the limited supply of Bitcoin and its decentralized nature appealed to investors looking for alternative investment opportunities.
  523175
• Dec 19, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi has witnessed the rise of Bitcoin's popularity among investors. Bitcoin gained significant attention from investors in 2017 when its price reached an all-time high. Since then, it has continued to attract investors due to its potential for high returns and its status as the first and most well-known cryptocurrency. The increasing institutional adoption of Bitcoin has also contributed to its popularity among investors, as more traditional financial institutions recognize its value and potential as a long-term investment.
  571143