Four factors driving the price of Bitcoin

[avikz]

There are four factors driving the price of Bitcoin they are mentioned below:
1) Animal spirits
2) Political risk
3) Regulatory moves &
4) Bitcoin’s governance
DO you think it is correct? Have you any other idea which effects on Bitcoin price?

These are just few factors and not the complete list. It would be good if you can elaborate these points to make this post more meaningful. However, apart from the factors you've already mentioned, I would like to add few more to it,

1. Adoption & acceptance:
This is a very important factor which can drive organic growth to bitcoin. More adoption will create more possibilities and increase the acceptance of bitcoin. Countries like Japan and Germany has already legalized bitcoin, that's adoption. With this adoption, the merchants in these countries have started accepting it for any goods or services. These kind of adoption is very much required if we want to see organic growth in crypto sector.

2. Utility:
This particular factor is directly linked with the technical factors of bitcoin. Once we adopted bitcoin and merchants started accepting it, then it comes to utility of bitcoin. If we see that a transaction is taking one hour+ to get confirmed and you have to wait for that much time to get your goods in hand, it's not convenient. However, with the adoption of segwit, we have decreased the confirmation time which increased the utility of bitcoin. I am sure, after the mainstream adoption of Lightening Network, bitcoin will be second to none in processing payments pushing the utility quotient to another notch higher!

I am sure there are more factors that is driving the bitcoin price. Like demand and supply etc. But these two above mentioned factors are and worth adding to the list. 

[ahiaba.john@yahoo.com]

Positive news and acceptability by all countries in the world could be another factors to help grow bitcoin price. Negative news would never help bitcoin because people would be discouraged to invest into crypto currency.

[CrystalPham]

Global currency operations have been cited as an important factor.
CrytoCompare determined that the Korean won and the Japanese yen regained value and reached 48.6 points. Recent regulations in Japan allow retailers to accept legal Bitcoin. Japan's Bitcoin market traded higher than the USD - Bitcoin, with the Yen - Bitcoin transaction at About $ 2058 or 228.78329 Yen. As the yen holds the largest share of the Bitcoin trade, it also boosts the price of Bitcoin.

[fernandoaleixo]

I strongly believe that at least one of the things keeping BTC of growing even bigger is the general lack of knowledge about cryptocurrencies, there should be an even bigger effort to increase awareness.

[shfdj]

supply and demand
When Bitcoin compares with other virtual currencies, it always mentions "a fixed output of 21 million." In the early years, Bitcoin has not been exposed to investors in a large area, producing large quantities and digging much, but there is no demand. Now buying bitcoins, the price is expensive, the output is small, and the demand is high.
When there is an imbalance between supply and demand, the price of the goods will be affected. Bitcoins circulating in the market have decreased, and the market’s demand for Bitcoin has increased. This will inevitably drive up prices, but in the end it will not be the investment speculators who have come in at this high level.
Regional chain popularity
In a report released by UBS in October, the issue of regional chain technology was mentioned. According to the report, by 2027, the value of regional chain technology in the global scope will reach 300 to 400 billion U.S. dollars. And the regional chain, as an infrastructure development, will be applied to more and more scenarios. At that time, whether the spread of the regional chain will drive up Bitcoin prices is also full of uncertainty.
Investor confidence continues unabated
Although many institutions and financial institutions are now bearish on Bitcoin, investors are still confident in the value of Bitcoin in the future. After all, in history, there hasn't been any kind of trading product that could surge 7.54 million times in eight years.
Ten years ago, the impact of the financial crisis has left many countries with no shadows so far, and each bubble continues to expand. Investors will worry whether the original financial system will collapse again. Bitcoin, with its strong performance, will attract more investors and bring in funds, which will drive prices up. To some extent, Bitcoin is considered a safe haven asset.
Bifurcation speculation
Dividing the regional chain into two equals a doubling of Bitcoin, and a doubling of that means that the value of Bitcoin will be diluted. Be affected by the imminent start of a hard fork. Forked pause, which makes the bitcoin industry chain anxious to expand the contention of the dispute somewhat eased, the market for the bifurcation or will lead to the collapse crisis, a little relieved a lot.
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[toast]

There are four factors driving the price of Bitcoin they are mentioned below:
1) Animal spirits
2) Political risk
3) Regulatory moves &
4) Bitcoin’s governance
DO you think it is correct? Have you any other idea which effects on Bitcoin price?

there may be many more factors that make bitcoin prices unstable and certain but clear that determines investors' intentions to invest well and confidence of bitcoin investors will flourish

[selezneve]

I strongly believe that at least one of the things keeping BTC of growing even bigger is the general lack of knowledge about cryptocurrencies, there should be an even bigger effort to increase awareness.

There are some other factors as well that limits its growth. For instance, as a buyer I do not like one particular feature of bitcoins and that there are no charge backs allowed.  Bitcoin transactions are not reversible; this means that any transaction cannot be reversed. This means that if you have sent Bitcoins to a wrong address, it cannot be sent back. On the other hand payments like credit card transactions can be reversed.