About the popularity of Bitcoin

[dataispower]

investment confidence in bitcoin increased rapidly after the bitcoin slump in 2018 which made many people panic. but 4 years later bitcoin is growing again and this is what I see that more and more investors are entrusting their investments to btc. until now bitcoin is growing stronger and more and more people know it and finally invest

Why bitcoin investment come up unexpectedly and take over other online investment is because of the length of the advertisement condition and the trust people build over it, recently bitcoin people have started living their trust on bitcoin because of the way is falling,the length of bitcoin far back and current situation is very dynamic.

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[Kelvinid]

as we know that today bitcoin is reaching the peak of the highest popularity among other investments.maybe it can't be separated from bitcoin being so transparent for miners and beginners to be in the crypto world for a long time so that it affects the electability of bitcoin in the world. global stock market where today bitcoin as an investment is so high in popularity among the public

Peak is a bit subjective for me to be honest. Here in my area, it's not even reaching half of the population for those that knew what Bitcoin is as an alternative payment method or even as an investment. I would say that 20% of people that I interacted in here only knew about stock market which is what I am aware that majority knew.

The stock market is a well-known investment for the older generations but this crypto/Bitcoin is somewhat for the new generations. Likely, if we were able to ask old adults or ages 40 plus, it probably they never knew about Bitcoin or that just have heard it only but never tried. As this Bitcoin requires gadgets and the internet and is more techy than the stock market that it gives a reason why many won't ever make it especially those living in the poor condition of the society. I can say that it probably we are just less than 5% aware in our country while most of the people are moving away from this and ignore.

[TelolettOm]

I really believe that the popularity of Bitcoin is always rising up during the bullrun and because the price of Bitcoin can rise multiple times until reaching more than $60k. And from this, many people can get high profits, but on the other hand, many people also loose their money because of investment in Bitcoin.
the negative and positive issues and news spreading by media around the world can rise Bitcoin name to be more and more popular.
I personally also feel this same, when some friends of me are now also concerning on Bitcoin and other cryptocurrencies because of the media at first. But still, many people think negatively about the crypto.

[CaVO32]

I really believe that the popularity of Bitcoin is always rising up during the bullrun and because the price of Bitcoin can rise multiple times until reaching more than $60k. And from this, many people can get high profits, but on the other hand, many people also loose their money because of investment in Bitcoin.
the negative and positive issues and news spreading by media around the world can rise Bitcoin name to be more and more popular.
I personally also feel this same, when some friends of me are now also concerning on Bitcoin and other cryptocurrencies because of the media at first. But still, many people think negatively about the crypto.

We can't avoid some people thinking negatively towards crypto because there are so many scammers in this market. So if they are just looking at the outside perspective, those negative news will give them negative perception towards bitcoin. But if they will educate themselves and learn more about bitcoin and crypto, they will have better understanding about its existence. Also, the social media has great influence to some people, but they need to verify those info because most of them are fake and no solid basis.

[Finestream]

If cryptocurrency takes over the position of paper money as the official currency, I think there will be socialization about this to the public. No exception for those who are blind and live alone, everyone should get good socialization. The government must take part in this because the inauguration of crypto as an official currency has also been approved by the government. At least there are neighbors or volunteers who already know about crypto to teach those who are in need. Life cannot be done alone, we are social beings who need the help of others.

Cryptocurrency to take over local fiats as an official currency? Nah mate, that probably won't happen for atleast a century. Furthermore, bitcoin isn't backed by any assets like gold or other precious metals and that makes it just a pure digital currency and can only be used FOR NOW as a medium for exchange and investments or to be used against inflation. The only maximum level for now about bitcoin on the economy is to accept bitcoin as legal tender of one's nation and it's still under observation.
Sure bitcoin is a big help to us, thanks to SN. But for now, let's just be real and practical.