Why are cryptocurrencies so popular?

[helinka]

Cryptocurrency is the digital equivalent of value. It functions as a unit of account, exchange or accumulation, but does not have legal tender status.

This form of money does not fall under state guarantees due to the fact that no government in the world can influence the release and transfers of cryptocurrency between users.

In simple words, it is electronic money with protection against counterfeiting. The data that is encrypted in it cannot be duplicated and regulated from the outside.

The lack of state control makes investing in cryptocurrency quite a gamble: here you can both get rich and go bankrupt. For example, in December 2017, bitcoin doubled in price - they gave more than $ 18,000 per coin. But it lost half the value just a couple of months later. On July 15, 2019, it hit $ 10,893 and then lost 10% the next day. Bitcoin price in 2020 - 2021 has beaten the recommended value again
We must not forget that cryptocurrency trading is a risky business and you can only do it if you cope with losses.

[torodot]

In recent years, much of the popularity growth in cryptocurrency can be attributed simply to accessibility. While crypto trading used to be available only in a few online platforms like Robinhood, more brokers than ever now offer crypto trading.
Many companies have already announced support for cryptocurrencies and acceptance of payments in cryptocurrencies.
The more access investors have to an asset class, the more popular it will become.

[weridikka]

Although most of the world's governments are actively fighting against the rise of Bitcoin and other cryptocurrencies, this doesn't mean that they aren't interested in the concept.
Already now you can note here http://disportnews.com in the financial news block how much the policy of most countries regarding cryptocurrencies has changed.