When did Bitcoin start to gain popularity in the market?

3 answers

• ogonekApr 14, 2024 · a year ago
  Bitcoin started to gain popularity in the market around 2017 when its price skyrocketed to an all-time high. This was mainly due to increased media coverage, growing interest from institutional investors, and the emergence of cryptocurrency exchanges that made it easier for people to buy and sell Bitcoin. As more people became aware of its potential as a decentralized digital currency, the demand for Bitcoin increased, leading to its rise in popularity.
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• AmirhosseinOct 29, 2023 · 2 years ago
  Bitcoin gained significant popularity in the market during the bull run of 2017. The price of Bitcoin surged to unprecedented levels, attracting attention from both retail and institutional investors. This surge was fueled by factors such as increased adoption, media coverage, and the growing acceptance of Bitcoin as a legitimate asset class. The popularity of Bitcoin continued to grow as more people recognized its potential as a store of value and a hedge against traditional financial systems.
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• Kishan AcharyaJul 26, 2023 · 2 years ago
  Bitcoin started to gain popularity in the market around 2017 when it became a hot topic in mainstream media. The sudden surge in its price and the stories of early adopters becoming millionaires overnight captured the public's attention. This led to a wave of interest and investment in Bitcoin, with many people seeing it as a way to get rich quick. However, it's important to note that Bitcoin's popularity is not solely based on its price. Its underlying technology, blockchain, has also gained recognition for its potential to revolutionize various industries.
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