Why Crypto is exploding in the UK

AVAX
AVAX

Cryptocurrencies have had what can only be described as an astonishing year so far. What was once reserved for the computer geeks, crypto is now accessible to all and in the UK, we’re all keen to get our share. With stories of crypto millionaires, it makes sense that Brits are looking to stake their claims.

We have not long seen Bitcoin hit yet another record high (hovering above $68,000 all be it temporarily) and this is only adding to the attraction of crypto for new investors. Yes, values may be high but history already shows that the overall trend is upwards and so not buying now could see people losing out for good. Other than these record values, what else has happened that has seen crypto gain such popularity in the UK? Let’s take a look.

The growth of Bitcoin casinos

There was once a time when finding an online Bitcoin casino may have been a bit of a challenge. This has certainly changed over the last 18 months or so. There are more and more online casinos that are accepting crypto and there are even new casinos appearing that will only accept cryptocurrency from its players.

Bitcoin casinos have grown in popularity as players have begun to understand the benefits that they bring. Some of the frustrations experienced with traditional forms of payment are swept away by crypto. You will find that transactions are super fast, fees are low, and payments are more secure than any other kind.

Bitcoin enters the mainstream

In recent times, we have seen Bitcoin becoming more and more accepted. When this coin first appeared it was viewed with a healthy dose of suspicion. Those outside of tech circles were a little baffled about what it was actually meant to be. They were being told that a new currency existed that was only online and that no one would accept it as payment. You could perhaps forgive those who were a little sceptical.

This has all changed with major companies now investing in Bitcoin. The likes of Tesla and Microsoft have signalled to the masses that Bitcoin is something to be taken seriously. Alongside this, PayPal has now opened itself up to Bitcoin in the UK. When a major player like this accepts crypto there is good reason to get involved.

Beyond Bitcoin

Bitcoin is perhaps the most well-known of all cryptocurrencies, but that is not to say that is the only option for those looking to invest in the UK. The likes of Shiba Inu and DogeCoin have made millionaires of their own and the likes of Ada looks set to continue to grow too.

Having seen how Bitcoin has grown and how it has become a mainstream currency, those in the UK are looking at what this means for other cryptos too. The chances are that these other well-established currencies will also find themselves been accepted as payment in day to day transactions. When that day comes, you can expect to see the value grow even more.

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