The headlines speak for themselves. In the last year, the cryptocurrency market has achieved massive gains in value, and with it, the popularity of virtual currencies has increased. One of the most popular and well-known cryptocurrencies is undoubtedly Bitcoin (BTC). Bitcoin is a decentralized digital currency that was first introduced in 2008 and was designed to work as a peer-to-peer form of electronic cash.
In recent months, the price of Bitcoin has increased in value dramatically, having started the year over $10,000 and reaching an all-time high of nearly $19,000 in mid-April.
Many have attributed the recent Bitcoin price surge to the fact that the currency is now legally permissible to own, buy, and sell in most jurisdictions. In early April, the US Securities and Exchange Commission (SEC) gave the green light to Bitcoin and other cryptocurrencies, declaring that there is no distinction between securities and cryptocurrencies.
The news that the SEC declared Bitcoin and cryptocurrencies to be securities wasn’t a total surprise. Ever since Bitcoin was first introduced, its price had always been notably volatile, rising and falling frequently. For instance, back in 2013, one Bitcoin was worth just over $300, and one year later, the price had increased by more than 1,300%. Of course, the cryptocurrency market had grown significantly since then, and today, one Bitcoin is valued at a significantly higher price.
Viagra and BitCoin
Although the recent jump in the price of Bitcoin might seem to have been driven by the news that the SEC approved the industry for regulation, there are other factors at work as well. One of the primary reasons behind the recent rise in the value of Bitcoin is undoubtedly the fact that many men’s health issues are now being tackled with pharmaceutical drugs and technology, specifically involving the use of nitric oxide donors and phosphodiesterase inhibitors.
One such drug that has seen extraordinary success in the treatment of ED is Viagra, and many people have speculated that Viagra might just as easily be dubbed the “Bitcoin of ED drugs.” Let’s take a closer look at this theory. First off, Viagra is one of the most well-known and successful pharmaceutical drugs in existence, having generated billions of dollars in revenue each year since its invention in the late 1960s. Viagra is also one of the only drugs that treats both the psychological and physical symptoms of erection disorders. As a result, many men are seeking out Viagra and similar drugs to successfully tackle their ED issues.
So if you’re seeking treatment for ED, why not try one of the most popular and well-known pharmaceuticals ever made? Many have speculated that Viagra’s success in the marketplace might just as easily be attributed to its novelty in the industry. Fewer prescriptions and simpler dosing regimens have made Viagra easier for patients to take, and as a result, more men are seeking treatment for erectile dysfunction. In fact, the prevalence of erectile dysfunction in the United States is roughly between 12% and 14%, which is significantly higher than the 5% to 7% that is considered normal.
Why Crypto Is Popular Now
It’s not just about Viagra. Many other pharmaceutical drugs and technologies have seen significant success in the treatment of conditions related to cardiovascular disease, diabetes, and obesity. As a result, many people have sought out cryptocurrencies to make their investments and purchases, as well as to serve as a means of payment. It’s been a largely favorable climate for cryptocurrencies, and much of the industry’s recent growth can be chalked up to that.
Along with the favorable regulatory environment and increased consumer demand, many people have also pointed to the fact that cryptocurrencies are now extremely easy to purchase. Many leading financial institutions have now enabled consumers to buy cryptocurrencies with the simple use of a credit card. On many sites, such as Coinbase, the process is nearly as easy and straightforward. Simply log into your Coinbase account and choose which cryptocurrencies you want to purchase. If you want to buy Bitcoin, it’s as easy as clicking a button.
While cryptocurrencies still face significant volatility, the fact that so many more people are able to easily purchase them makes it clear that there’s still significant interest in this emerging industry.