Why is the price of bitcoin rising so high?

[BitChief]

Bitcoin is highly volatile and depends on its demand in the market that is also the reason why bitcoin's value grows incredibly. It is not stable which makes its value swings suddenly, and is more reflective on how market works. The more people purchases bitcoin the more it grows, just like how its value grows to 10k usd from 6k usd in just months passed.

Yes bitcoin is extremely volatile due to its high speculative nature, however interest and demand for bitcoin is increasing across both retail and institutional investors. Bitcoin has a very promising future as more and more people see its value as a digital gold.

[Irsanhadi]

bitcoin prices soared because of the market demand so much so bitcoin prices will rise. Just as the purchase of gold and the like if buyers dare to buy expensive auto prices will rise. If demand decreases then the price will drop all this depends on the buyer's transaction.

[OcTA Bd]

I think because of the investment and the capital. The more the capital of a currency the more will be the price.

[Fantastic33]

Price of bitcoin depends on its demand and supply. When the supply is high, the demand and price decreases, and vise versa. Factors such as trading, holidays, panic selling, etc affects its supply and demand, thus also affecting its price.

[assyla]

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.

The price of bitcoin is rising so high because of the demand and the older price of bitcoin affects itself in which if the older price of bitcoin is higher then its next price will also be a higher than its original price.

[SmokerFace]

Bitcoin price changes is depends on the supply and demand of the coin, So if many investors enter into the market means the more buyer of the Bitcoin and in this case the bitcoin value will rise more due to purchasing of supplies, That's why if the market has a dump investors looking for good position which other investors will buy more Bitcoins again and now they will enter again that's the reason why there's a Huge pumo on every dump.

[Jaya912]

I have no idea where bitcoin’s price will go over the next couple years.
However, The long history of currency tells us that what the private sector innovates generating strong visibility for the broader cryptocurrency space.

Man I don't know about you, but a ten year old market is not very old at all. This is only the beginning of what cryptocurrencies are going to accomplish. If you are investing in crypto you are one of the lucky people that everyone twenty years down the road will be jealous of.

Just involve in investing in crypto currency is not reference to say we are lucky.
We will be lucky if we can change our life from zero to hero because its very difficult to do if we are working in normal job.

[Dheo]

As we all know bitcoin prices have dropped to 6,000, but bitcoin has steadily rebounded to bring balance in the crypto market. Bitcoin is becoming more and more popular as it starts and prices rise, and are attracted by large investors, and this is a good sign for those who invest in bitcoin while prices are still low. .

Yeah that's really a good news for them who bought bitcoin in the lowest price because for now they actually get profit, what more if they hold it and bitcoin reach the highest price.

[Sum24]

I think because of the investment and the capital. The more the capital of a currency the more will be the price.

Yes it could be the reason for the promotion of bitcoin that bitcoin price is low right now and more people have become able to invest and to make profit, investment shows the interest of people for bitcoin so if people will take keen interest in bitcoin it will make it famous in the whole world and more countries are accepting bitcoin as a legal payment and it is allowing the use of bitcoin to be very easy, so price is increasing because of high investment at an international level now.

[microwave]

This question was sometimes pop up to my mind, and I think that bitcoin price rising so high because of its popularity. As popularity of bitcoin reaches so many countries it will result for a high investments and when it happens bitcoin price will increase and because of that also the demand will also increase.

[mkcube]

Simple analigy,the price of bitcoin is rising so high because the demand is so high.There are plenty of people joining this crpto cause they saw the evidence that there are so many millionaire in bitcoin so they encourage to join thats why the demand is high the bitcoin currency is rising.

[jaaeeeyyyy]

What really brought bitcoin to top is the institutional investors, this institutional investors includes banks, companies , advisors etc. Investors like them contributes a lot to bitcoin's price which we are seeing right now, the incredible risen of bitcoins value is really a game changing in the field of currency and somehow an investment.

[TheKeyLongThumbI]

Because investors realized that they can't really stop things that are inevitable to happen in the future like BTC and their billions of investment is pushing its price to go up.

[lautantepi]

The reason for bitcoin rising so fast or high is that many investors are now investing in bitcoin more investors are investing on it the higher bitcoin.Potensi Bitcoin is getting stronger because of the support provided by Investors who are willing to invest any value of Bitcoin.

[P3]

Bitcoin value changes is relies upon the free market activity of the coin, So if numerous speculators go into the market implies the more purchaser of the Bitcoin and for this situation the bitcoin esteem will rise more because of acquiring of provisions, That's the reason if the market has a dump financial specialists searching for good position which different financial specialists will purchase more Bitcoins again and now they will enter again that is the motivation behind why there's a Huge pump on each dump.

[mackenzie5]

Bitcoin is the first crypt o currency invented by Satoshi Nakamoto in 2009.Its positive features are a decentralized one so no government controlling authority over it and the transaction  between the buyer and the seller only. All such transactions are recorded in an electronic ledger with block chain technology.The business people all over the world are attracted to the bitcoin and they preferred to transact through  bitcoin so that they will be saving the huge processing charges and  time, By knowing the merits and de- merits of bitcoin more and more people are attracted to it and invest to bitcoin so its price is rising .due to the demand.

[harimauagam]

depending on week to week bitcoin prices can go down drastically or go up, we must monitor to invest not to go bankrupt and must see the sales results sharply.

[lucy94]

because of the lack of external regulation and control from big banks.

[Carmen03]

Bitcoin  popularity demand growing awareness of the crypto market has all contributed to its unprecedented rise . The token is a store of value used to exchange for goods and services. Because of its continuously increases of demand in the world trade. Bitcoin is regulated nor is legal tender but it is popular and in high demand which drives prices.

[graphd]

Because Bitcoin has a large demand, and Bitcoin's supply is fixed, the value of Bitcoin will continue to increase.