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Rise Of Bitcoin: Not Until Merchant Adoption
Simple users and investors like Bitcoin since it is out of reach of a
standard system. Bitcoin as well as other similar cryptocurrencies are
decentralized assets that are controlled not by one individual or
government etc., it is controlled by all users of a blockchain.
Not
to mention that cryptocurrency won’t be devalued like any other currency
might be. Since there is only a certain number of bitcoins which means
that no one can create more bitcoins, so it won’t drop in value
drastically.
These are only some of those reasons why investing in
Bitcoin or other cryptocurrencies is preferred by so many people
throughout the world. But as for becoming a true rival of a traditional
monetary system, do Bitcoin or other cryptocurrencies have this
potential? Yes, they do have the potential, but it’s not as simple as
people might hope.