We can't identity the reason, and that's make that section so living
! It also contributes to people buying bitcoins since all their phantasms are awakened.
I think many people, after halving, were claiming that bitcoin price will touch $1000 in December this year. and i think the current price increase is the way towards that price of $1000 mark in December.
I dont think Presidential Election has anything to do with the price boost of bitcoins.
If there is instability then bitcoin always has an excuse to rise so it can effect the price. Just like if there is an issue in crypto world the bitcoin has a reason to drop. The current move looks like its to do with a china or a natural increase in value though IMO.
What do you mean by "natural increase in value"? Is there something like "unnatural increase in value"? In my opinion, all increases in Bitcoin's value are natural, regardless the cause.
Financial journalists have a tendency to seek causes for market movements, because they need something to write. Just listing the recent trades can't justify paying them. Most financial journalism is pure guesswork and can't be reliably verified. They connect totally unrelated things to make a story. These people just write something that sounds somehow plausible with no research involved at all. Yet many of the true causes for market movements are never discovered, because they never became news in the first place.
If you want to become a good investor it's advisable to ignore financial journalists. You don't need to know the reason for a specific price increase of Bitcoin. It's totally sufficient to know that Bitcoin is a superior currency, not subject to monetary inflation...
ya.ya.yo!
