Why is cryptocurrency popular?

Cryptocurrency is popular among its supporters for several reasons, here we are giving information about some of them -

• People who use or have used bitcoin cryptocurrency see it as a major currency of the future. And there is a race among their competitors to buy them before they become more valuable.

• Some supporters prefer that cryptocurrency may remove the management of money supply. Because over time this bank will reduce the value of money through inflation.

• So some other supporters are liking the technology of cryptocurrency i.e. blockchain. Because it is a decentralized processing and recording system, and it can also be more secure than a family payment system.

• Cryptocurrency is also being liked by some speculators. Because it is going up in value and they are not interested in long term acceptance of currency to transfer money.