Why is the price of bitcoin rising so high?

[Sithara007]

The simple explanation is that now there are more people using Bitcoins. For example, Coinbase made an announcement a few days back that now they have 13.3 million registered users. This is a huge jump from the figure of around 2 million which they quoted last year. Other exchanges are also growing at a similar pace.

[gredisgold88]

the tokens and smartcontract in cryptocurrency is a subtance or factors of high rise bitcoin prices, trends and demands on fintech business in a years is cause of financial business ogled , and be an option bitcoin on bussines fintech .

[UsernameBitcoin]

Expert explains theories behind Bitcoin surge...
 
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.

Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.

But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.

Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.

As for what has caused Bitcoin's sharp rally this year, analysts cited several key factors, including rising interest in cryptocurrencies. There is "no question" that these digital assets are experiencing growing interest, especially on the part of finance professionals and funds. More and more people are coming to recognize that this asset class is particularly attractive during times of political turmoil.


Another development that illustrates the enthusiasm that investors have for these digital assets is all the initial coin offerings (ICOs) that have been taking place. At the time of report, ICOs had raised six times as much money in 2017 as they did during all of 2016.

The price of bitcoin is so high because of supply and demand. The supply is scarce. 21 million was the original amount set out by the protocol, but it is estimated that roughly 5 million BTC have been lost, especially in the early days when services weren't that good. Then you have this huge demand that is driving the price upward. Plus you got the security behind the BTC network. It's unstoppable.

[Sithara007]

the tokens and smartcontract in cryptocurrency is a subtance or factors of high rise bitcoin prices, trends and demands on fintech business in a years is cause of financial business ogled , and be an option bitcoin on bussines fintech .

The real reason is the decision by CME to list Bitcoin futures early next month. That decision gave Bitcoin a lot of positive media coverage. Tokens don't have much impact on the Bitcoin price, as most of them are attached to other currencies such as Ethereum and Waves.

[olatslodi]

Why is the price of bitcoin rising so high. Because the potential of Bitcoin is getting stronger step by step because of the support provided by the Investors who are willing to invest.

[hasmukh_rawal]

Bitcoin was expected to hit $10,000 before the year end. It could be this reason why people were keeping on buying BTC and holding it.
Just buying any coin and not selling it would obviously pump the coin and create a bigger spike than usual. This is what happening with Bitcoin.
There is hype in the market and many big investors are investing in Bitcoin. With many people investing in BTC the price is reaching new heights.

[Iyhen]

Based on my knowledge about bitcoin, the bitcoin is continuously rising because of the demand. The community is getting bigger and bigger, and I can't imagine what will be the value of bitcoin in the next couple of years.

[The Sceptical Chymist]

The price of bitcoins depends solely on the demand for it

That's the simplest and pretty much ONLY answer for why bitcoin does whatever it does.  And right now there is enormous demand for bitcoin--as I write this, we're at something like $10,300, and that's blowing my mind.  Never thought that'd happen.  I recall that thread where the question was "If bitcoin hits $10,000 will fiat be useless?" and here we are, above that level.  Nothing much has changed with paper money but bitcoin has exploded.  Now I'm really, really regretting having sold all the bitcoin I had and all the times where I spent it on consumable shit.  Ugh.  What a missed opportunity!!

[Malaya]

Law of supply and demand. As many people buy bitcoins, the demand increases therefore the price increases. Bitcoin's price is rising so high because of the news being spread about it and because of that, more and more people want to invest in bitcoin.

As bitcoin rises every single day, this has amazed, surprised and shocked a lot of people worldwide. I could agree that the law of supply and demand is now working so well that people are enticed to buy bitcoin on a high price now. Like in our country, since bitcoin has been advertised and even market by well known people in the business or market place, non bitcoin users are becoming more and more curious about bitcoin and crytocurrencies. And because of this curiosity, people are now starting to buy atleast a little of their investment and trying if bitcoin will work. Just imagine how many of these curious people who are now investing in bitcoin that for sure making an impact why bitcoin price is increasing. As this will be continued to be marketed, I'm sure bitcoin will fly high with a good ppan of retaining what it has achieved so far.

[Joan_Dentist]

I missed the opportunity to invest it when the price was low, now see the value of it increased too much.

[Gen iUs]

For me, I think because many people now are using bitcoins, thats is why the price of bitcoin are rising.

[MisterPrada]

One of the reason may by that people saw that btc increase began to buy btc and btc increase more

[pooya87]

it is mostly the increasing demand for bitcoin in the past year, specially in the past month that CME announced addition of their new futures market for bitcoin. which led to hundreds of thousands of new people signing up on exchanges to buy bitcoin.

then it is also partly enthusiasm and fear of missing out which leads to the faster and bigger rise. everyone else speculating about bitcoin saw the new money coming when the news was released and they started to buy bitcoin before it was too late.

[btccointalk]

Because of its high demand it will keep on increasing, nowadays most of the people are willing to buy bitcoin at any cost.

[VayneAurelius]

It is just showing us that the progression of BTC is good. Maybe they want to show the world that BTC can change the world. Also they want to be accepted by all.

[vuvanle120]

It is just showing us that the progression of BTC is good. Maybe they want to show the world that BTC can change the world. Also they want to be accepted by all.

I think it's FOMO. This is actually unhealthy for BTC to keep running up like this. New investors will get hurt the most if BTC crashes. I hope not but we cannot have all winners.

[duola9527]

The price of bitcoin is rising. The expectations of the bitcoin relative to the special currency are higher and higher. When the people in the currency circle are delighted with the high return rate brought by the high price of the special currency, they need to be alert to the potential risks ~.

[ir.yance]

Expert explains theories behind Bitcoin surge...
 
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value.

Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value.

But despite the incredible growth, economists are still apprehensive of the token’s inherent volatility and signs it could be a price bubble.

Just two weeks ago, bitcoin investors took a hit when the token’s prices plummeted over 20 per cent before bouncing back.

As many people buy bitcoin, demand increases so that price increases. Bitcoin prices rise so high because of the news being disseminated about it and therefore, more and more people want to invest in bitcoin. It's even become a job for everyone

[humanCNC]

One of the reasons for high bitcoin prices is the high demand of users. Bitcoin is developing, many people know it and use it. When bitcoins increase, people invest in it to make a profit.

[Baimovic]

yes, I see that the factors that affect the bitcoin price are the volume and spreading bitcoin. because both of them can understand the basic fluctuations of bitcoin determined by the bidder in the market. if many people buy bitcoin in large quantities, then bitcoin will rise sharply. and if in the future the volume and distribution of bitcoin are increased and evenly distributed, then volatility will decrease by itself.