Over the past ten (10) years from today, bitcoin was created along with the blockchain technology (which has been utilized as its ledger) by Satoshi Nakamoto in order to cater for more security, less inflation and for convenience. Bitcoin has been the reigning cryptocurrency and its price has been maximized by investors in order to earn short or long-term income. Though some altcoins are showing potential in terms of its price nowadays, bitcoin still influences the prices of most altcoins in the market, making a direct-proportional relationship on their prices.
It’s very likely because bitcoin is the very first cryptocurrency made and it has a high value among the other cryptcurrency or altcoins. And also, people are depending on what media display about cyptocurrency, they are focus on bitcoin rather than the other altcoins, but hopefully altcoins will be recognized sooner, not just bitcoin. all around the bitcoin atm is being installed rather than altcoin as it difficult to install 1500+ altcoin atm. So bitcoin is the solution
The media has been proven to influence and attract most investors/traders into allocating their investment plan into bitcoin. It created this hype throughout the media and has scattered throughout different social media platforms like facebook, twitter, etc. This skyrocketed its price, garnering more investors and traders across the world due to the law of demand and supply (which ultimately lowered its price from around $19,000 last year to less than $9,000 today).
