Whilst most people don’t know how blockchain record indeed works, that’s gradually changing.
In 2017, Bitcoin was one of the most Googled terms in the world.
So because does that means a arise in the number of cryptocurrencies?
Well, investment markets are all about supply and demand.
It’s just like a bang vs retrogression cycle.
If the direct is there, the supply will come – in the form of thousands of cryptocurrencies.
It’s kind of like the arise of vegetarian food:
Back in the 1980s, if you went to a grill there’d be very few vegetarian options on the menu.
Now everywhere you go, you have more diet options.
Restaurant menus offer gluten giveaway options, organic food, vegetarian dishes etc.
And that’s especially because the number of vegetarians have increasing in the world.
It’s the same with cryptocurrency:
There are so many cryptocurrencies out there because the number of investors and enthusiasts has increased.
So we started out with Bitcoin.
Then a few more cryptocurrencies came along.
Then the whole zone stretched rapidly, catering to every investor’s needs.
Article source: https://kingpassive.com/why-are-there-so-many-cryptocurrencies/