Even if popularity is difficult to measure, in the last months I have noticed (hope I’m right) that Bitcoin has become more and more popular.
Sorry for my naive question, why has there been such a rise in Bitcoin's popularity in the past few months?
Except for the decentralized nature of Blockchain and the fact that Bitcoin permits fast and anonymous transfers without requesting approval from a bank, what are some other reasons that you believe contribute to Bitcoin's current popularity?
Or you believe that Bitcoin is losing popularity these days?
I also think that the main reason is the ETF and to a lesser extent the halving, people now believe that Bitcoin is different than it was before or something like that simply because the institutions got into the game, and all this leads to the price going up and if the price goes up, outsiders come in.
The ETFs are the obvious reason
With the Halving approaching, price starts to go up naturally
ETF = more money coming in
Halving = anticipation of less available BTC
More Money + Less Available = Price Go Up
Price Go Up = more people get interested
To add on, the ETFs legitimatise Bitcoin in the minds of some plebs. They no longer think of it as fake Internet money or money riddled with sins (like drug laundering etc)
Having the ETFs also removes the hurdles associated with buying and hodling BTC. All people have to do is to invest in the ETFs and wait for the best. Most people don’t care about being freed from fiat, they just wanna get RICH. Haha