Are you wondering why Bitcoin’s popularity keeps rising? If so, here’s why this virtual currency’s fame continues to grow.

Satoshi Nakamoto, the Bitcoin’s creator, wanted Bitcoin to serve as an alternative currency. This virtual currency is a form of peer-to-peer online money, meaning individuals or enterprises transact directly. Bitcoin doesn’t involve intermediaries like governments and banks. Instead, it uses an independent network comprising decentralized computers or nodes.

The Bitcoin network runs on the blockchain using cryptography to validate transactions. According to Satoshi, Bitcoin’s primary purpose was to facilitate online payments that users would complete directly without a financial institution.

However, the absence of a central regulator or intermediary has made Bitcoin a highly volatile crypto asset. Consequently, individuals and institutions trade it on platforms like the bitqs. Also known as cryptocurrency exchanges, these platforms allow users to purchase and sell digital coins using fiat money.

Bitcoin trading on crypto exchanges is a popular activity, with some people making good money. However, trading Bitcoin requires innovative tools and strategies. Bitcoin’s volatility means you can lose a significant amount of your hard-earned money within hours. At the same time, you can make good money by purchasing Bitcoins at a low price and selling them once the value increases.

Also, some people invest in Bitcoin by purchasing the coins and holding them in their crypto wallets for an extended period. Eventually, they can sell their coins once the value increases to make profits. Such activities are partly the reasons for the rising Bitcoin’s popularity. Here are more reasons for the constantly…