[2015-11-05] The price of Bitcoin rallied and media, users and experts alike are

[milaliss]

The price of Bitcoin rallied and media, users and experts alike are debating the causes
The spectacular rally of the price of bitcoin in the past two days – it hit the $492 mark in the afternoon of November 4, 2015 – provoked numerous discussions and speculations as to the reasons behind the spectacular increase.
http://www.coinfox.info/news/3592-the-price-of-bitcoin-rallied-and-media-users-and-experts-alike-are-debating-the-causes

[RustyNomad]

Seems like nobody really know the reason for the sharp price increase, even here on the forum. Most, myself included, believe that China had a large hand in it but who knows.

I think this guys pretty much sums it up in three words as this is really what it all boils down in the end and based on this I think we will see the price being pushed even higher in the months to come.

Peter Kirby, CEO at Factom, assessed the situation in even fewer words: “Demand exceeds supply.”