Why Top-world Investors are Opting for Cryptocurrency Investment

Cryptocurrency is fast gaining global traction as top entrepreneurs scramble for crypto investment. Since the inception of cryptocurrency there are thousands of distinct cryptocurrencies that have popped up, but Bitcoin remains the most popular.

Bitcoin is a pace-setter and a pioneer of the crypto-world that is built on a decentralized peer-to-peer network. Cryptocurrencies are free from government manipulation. Both Bitcoin and Ethereum have proved to be resilient, attracting the interest of many investors.

Since the first mining of Bitcoin block in 2009, cryptocurrencies continue to shift the world focus regarding money. Major companies that have embraced Bitcoin include Microsoft, Overstock and Tesla Electric Car Company.

When Tesla co-founder and the world richest person, Elon Musk, decided to invest $1.5 million in bitcoin, its price soured to new high. According to the Guardian, bitcoin topped the most visited websites, in terms of online searches, for countries like Libya, Syria and Palestine.

Similarly countries like South Africa, Austria, Nigeria, Switzerland and Kenya recording the surging number of bitcoin Google searches. Countries like China are on the verge of adopting its own digital currency dubbed as digital yuan.

Bitcoin Alternatives

The currencies that were modeled after Bitcoin are jointly referred as altcoins. Some of the altcoins are modified with advanced security features, unlike Bitcoin. Other than Bitcoin, we have many other cryptocurrencies which include: Ethereum, Litecoin, Ripple, Cardano, Polkadot, Stellar, Chainlink, Binance Coin, Tether and Monero among others.

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