5 Reasons Why Cryptocurrency is Taking Over the World

Cryptocurrencies are on the rise. Cryptocurrencies are slowly becoming more accepted in society, and their use has been increasing significantly over the past few years. Nowadays, cryptocurrencies can be used to buy anything from pizza to drinks at a bar. One of the most common questions that people have when they first hear about cryptocurrencies is, What’s the big deal with them? In this article, we’ll look at 5 reasons why cryptocurrency is taking over the world – and why you may want to pay attention to it.

1) Cryptocurrency Prices are Going Up

Cryptocurrency prices are going up. This recent price spike has been attributed to bitcoin's recent rally and the anticipation of a successful launch for another cryptocurrency called Ethereum.

2) Businesses Embrace Bitcoin

Bitcoin, the world's first decentralized digital currency, was created on Jan. 3rd, 2009. It has no central authority and it runs on a peer-to-peer network of computers. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. This process can be done anonymously as there are no personal details attached to this form of payment and it does not need to be linked to any bank account or credit card information.

3) Government Regulations Decrease Volatility

Cryptocurrencies are also attractive because they are not subject to government regulations and can't be manipulated by countries. It's much harder for governments to interfere with a currency when it's not controlled by a central entity, so this lack of regulation means that crypto prices are less volatile than fiat currencies. This attracts investors who have been burned in the past by the volatility of other currencies and want to avoid future losses.

4) Companies Accepting Cryptocurrencies

More and more companies are accepting cryptocurrencies as a form of payment. Some examples include Microsoft, Newegg, Expedia, Shopify, and Amazon.

5) Institutional Money Enters Market

Crypto market prices have been fluctuating, but institutional money has been entering the market as more investors grow more interested. Large-scale investors such as Andreessen Horowitz, Goldman Sachs and Pantera Capital are all investing in cryptocurrency startups.

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