It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
It is simply because a lot of people trust and accept bitcoin. And we know that if the demand is higher the tendency price also higher. If we talk about bitcoin price value it is always base on the demand and supply. Since the bitcoin supply is limited to 21M while the demand continue increasing the possibility of bitcoin price is also increasing. That's the reason why bitcoin so valuable and famous digital currency among other coins.
