What is the reason of raising bitcoin ?

[joana0203]

The price of Bitcoin went up by over 210% during the past year, trading from about $450 in mid-2016 to record-breaking levels of $1,400 in May 2017. In the eight years since its founding, Bitcoin has braved skepticism, rejection, and experienced volatility, to the present day, when it?s slowly being recognized by governments and even dubbed as an emerging asset class. Here?s a look at the dynamics behind Bitcoin?s rising price.

Bitcoin was created in the wake of the 2008 global financial crisis to operate outside of central governments, banks and financial institutions. Over these years, Bitcoin?s framework has challenged regulators, as most of them struggled to find ways to bring it under control. This led to some countries banning it or making it illegal, while some others remained observant and the rest worked out ways to tax and regulate its operations. However, the ?uncertainty? angle remained in sight. Although there still isn?t a very clear stance by many countries, a number of nations are coming out in support of the cryptocurrency.

Japan has recently recognized Bitcoin as a legal method of payment, although it continues to be treated as an asset, and not as a currency. In India, the Department of Economic Affairs, Ministry of Finance has constituted a committee to examine the existing framework around Virtual Currencies (VCs). The committee will not just examine the present status of VCs in India and around the globe, but will also suggest measures to deal with consumer protection and money laundering. The committee will be submitting its report by July.

At the same time, Russia, a staunch opponent of cryptocurrencies, has taken a U-turn. In an interview to Bloomberg, Russian Deputy Finance Minister Alexey Moiseev said that in an attempt to combat money laundering, the Russian authorities hope to legalize bitcoin and other cryptocurrencies as a financial instrument in 2018. He further stated, ?The state needs to know who at every moment of time stands on both sides of the financial chain. If there?s a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations.? While, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Republic of the Philippines, issued a guideline recognizing Bitcoin as a legal payment method.

The legitimacy of Bitcoin?s existence doesn?t just come in direct ways; approvals of investment products based on Bitcoin indicate what regulators think - the reason why Bitcoin prices tanked to about $900 levels from $1300 when SEC disapproved of the Bitcoin ETF by Cameron and Tyler Winklevoss. Nevertheless, the SEC was positive for the future, as the document read, ?The Commission notes that bitcoin is still in the relatively early stages of its development and that, over time, regulated bitcoin-related markets of significant size may develop. Should such markets develop, the Commission could consider whether a bitcoin ETP would, based on the facts and circumstances then presented, be consistent with the requirements of the Exchange Act.? Interestingly, SEC has now granted a request for review of its decision of disapproval.

The efforts to bring Bitcoin-linked products are a direct result of its growing demand as more and more people are looking to invest in cryptocurrencies. Although there are products such as Grayscale Bitcoin Investment Trust (GBTC), which is traded OTC (filed with SEC for a NYSE listing) and exchange-traded funds from ARK Investment Management, they offer limited exposure and opportunity to invest in Bitcoins. While the former is meant only for accredited investors, the latter have a very small holding in Bitcoins.

However, there is an option to invest for the long-term in Bitcoins for retirement by opening a self-directed Bitcoin IRA account, approved by the Internal Revenue Service (IRS). The scheme has been welcomed warmly and has gathered around $10 million till date, which reflects the underlying confidence of investors. (Related reading, see: This is the First Bitcoin IRA Approved by the IRS)

Bitcoin start-ups have attracted huge investments in Bitcoin and [Suspicious link removed]panies with a total funding of $550 million in 2016, as per a report. Additionally, many prominent investors have been raising direct stakes in Bitcoin, thus suggesting an optimistic future for cryptocurrencies. Billionaire Mike Novogratz recently revealed that he holds 10% of his net worth in cryptocurrencies like Bitcoin and Ethereum . He now predicts Bitcoin to go past $2,000. (Related Reading, see: More Billionaires Are Buying Cryptocurrencies)

?Today Bitcoins have a market capitalization of $23 billion, if two years from now that number is $100 billion, I would not be surprised,? says Amith Nirgunarthy, CEO, BlockStreet.

[vaco]

The biggest reason for the growth of Bitcoin was obviously the increased popularity that the virtual currency got basically everywhere.

With the crash of the market in 2009, digital currencies started showing up as an alternative. They are meant to function without central banks or any kind of regulatory bodies backing them up. There are no money as we know it but they are stored on the computers more specific in a digital wallet or on your cloud. Of course, this means that they can be used in all kinds of transactions.

[Hellokitty09]

 It's very simple, just like any other product that increases its value when the number of people that patronizes it increases. Bitcoin also does. Because bitcoin is a product that exists in the market even though it's intangible abd only exists in the internet. So the answer to your queries is when more people buy bitcoin its price increases and when many people sell it its price increases.

[odolvlobo]

The price of Bitcoin went up by over 210% during the past year, trading from about $450 in mid-2016 to record-breaking levels of $1,400 in May 2017. In the eight years since its founding, Bitcoin has braved skepticism, rejection, and experienced volatility, to the present day, when it?s slowly being recognized by governments and even dubbed as an emerging asset class. Here?s a look at the dynamics behind Bitcoin?s rising price.
...

The OP neglected to include a link to the original article: https://www.investopedia.com/news/surprising-reasons-bitcoins-rising-price/

[dothebeats]

I'd say we can attribute the rises into the growing public interest and confidence made possible by giant firms and companies diving into the bitcoin market and creating platforms and infrastructures to support the growing economy. While that may not seem enough, imagine the likes of successful people and big names in the investing scene risking their money into a relatively unknown and unproven asset which is bitcoin. If not for the people confident enough to buy bitcoins even if it was deemed overpriced back then, the public confidence and interest about bitcoin wouldn't shoot and no progress on the price and infrastructures would happen for the said crypto.

[gantez]

The rise as you say is because the panic has subsided and investors are beginning to make buy orders. Off course, demand leads to high supply and  price appreciate.

[Singbatak]

Quite simply, when many people buy bitcoins will raise their price (Demand). In my experience the price of bitcoins starts to rise in Ber months, because of this we see the rapidly rising price. For almost 3 years if you have to venture into bitcoins this scenario is always the one I see.

[Arafat01775]

The reason of raising bitcoin is very easy because a very great number of people use bitcoin .

[Wexnident]

Well, I could say that there are a lot of things that will be the possible to be the cause of it's raising in the market and that would be the continuous increasing to it's adaptation and legalization. The continuous supporting and patronizing of a huge of people to this system are the biggest factors why it's raisingly day by day.

[jose111]

Bitcoin is literally continuously raising because in our current time it is very popular and demanding in the market and  to the people. It will be much raising if  the number of people that supporting and demanding to it are continuously increasing. The bitcoin are catching the attentions and eyes of the people because there's a facts that bitcoin can gives to people the huge of opportunities and benefits that peoples really needs to make their life be much better in the near future.

[demenBTC]

Well, I could say that there are a lot of things that will be the possible to be the cause of it's raising in the market and that would be the continuous increasing to it's adaptation and legalization. The continuous supporting and patronizing of a huge of people to this system are the biggest factors why it's raisingly day by day.

an ordinary market increase occurs when there is a lot of buying demand, it always happens in the market, I'm currently seeing a bit of bitcoin price increase in all markets, is it time for bitcoin to start to the moon?

[mmo4me.2016]

Many reasons, but the main reason I think that in 2018 there are many investors have paid attention and use Bitcoin! Bitcoin gets special attention
The digital money market will recover in the near future

[micher143]

I think it's raising is because of the popularity and demand of people to this system. I think that sooner or later bitcoin will reach again it's highest peak and for now we only need to do is keep supporting to it so in the near future bitcoin will be much succeeded.

[royalparade01]

I think it's raising is because of the popularity and demand of people to this system. I think that sooner or later bitcoin will reach again it's highest peak and for now we only need to do is keep supporting to it so in the near future bitcoin will be much succeeded.

The reasons why raising bitcoin is because of people who wants to join this crypto currency trend.  Like me,I want to invest this kind of cryptocurrency. It seems like exciting to join discussion. I want to know and learn more.

[Mia Wallace]

The reason for rising bitcoin price in the market is normally due to the global demand of bitcoin.Bitcoin is the first crypto currency which has the specific features which enables to attract bitcoin to the global community for their various use.Bitcoin is a new form of economy linked with the modern technology and its net work systems are very strong and its security system are formulated with the block chain technology .Because of the above its security systems , clarity are found good.Due to the above reasons  its global demand increases and the price also increases.

[oyraaaaa]

The price of Bitcoin went up by over 210% during the past year, trading from about $450 in mid-2016 to record-breaking levels of $1,400 in May 2017. In the eight years since its founding, Bitcoin has braved skepticism, rejection, and experienced volatility, to the present day, when it?s slowly being recognized by governments and even dubbed as an emerging asset class. Here?s a look at the dynamics behind Bitcoin?s rising price.

Bitcoin was created in the wake of the 2008 global financial crisis to operate outside of central governments, banks and financial institutions. Over these years, Bitcoin?s framework has challenged regulators, as most of them struggled to find ways to bring it under control. This led to some countries banning it or making it illegal, while some others remained observant and the rest worked out ways to tax and regulate its operations. However, the ?uncertainty? angle remained in sight. Although there still isn?t a very clear stance by many countries, a number of nations are coming out in support of the cryptocurrency.

Japan has recently recognized Bitcoin as a legal method of payment, although it continues to be treated as an asset, and not as a currency. In India, the Department of Economic Affairs, Ministry of Finance has constituted a committee to examine the existing framework around Virtual Currencies (VCs). The committee will not just examine the present status of VCs in India and around the globe, but will also suggest measures to deal with consumer protection and money laundering. The committee will be submitting its report by July.

At the same time, Russia, a staunch opponent of cryptocurrencies, has taken a U-turn. In an interview to Bloomberg, Russian Deputy Finance Minister Alexey Moiseev said that in an attempt to combat money laundering, the Russian authorities hope to legalize bitcoin and other cryptocurrencies as a financial instrument in 2018. He further stated, ?The state needs to know who at every moment of time stands on both sides of the financial chain. If there?s a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations.? While, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Republic of the Philippines, issued a guideline recognizing Bitcoin as a legal payment method.

The legitimacy of Bitcoin?s existence doesn?t just come in direct ways; approvals of investment products based on Bitcoin indicate what regulators think - the reason why Bitcoin prices tanked to about $900 levels from $1300 when SEC disapproved of the Bitcoin ETF by Cameron and Tyler Winklevoss. Nevertheless, the SEC was positive for the future, as the document read, ?The Commission notes that bitcoin is still in the relatively early stages of its development and that, over time, regulated bitcoin-related markets of significant size may develop. Should such markets develop, the Commission could consider whether a bitcoin ETP would, based on the facts and circumstances then presented, be consistent with the requirements of the Exchange Act.? Interestingly, SEC has now granted a request for review of its decision of disapproval.

The efforts to bring Bitcoin-linked products are a direct result of its growing demand as more and more people are looking to invest in cryptocurrencies. Although there are products such as Grayscale Bitcoin Investment Trust (GBTC), which is traded OTC (filed with SEC for a NYSE listing) and exchange-traded funds from ARK Investment Management, they offer limited exposure and opportunity to invest in Bitcoins. While the former is meant only for accredited investors, the latter have a very small holding in Bitcoins.

However, there is an option to invest for the long-term in Bitcoins for retirement by opening a self-directed Bitcoin IRA account, approved by the Internal Revenue Service (IRS). The scheme has been welcomed warmly and has gathered around $10 million till date, which reflects the underlying confidence of investors. (Related reading, see: This is the First Bitcoin IRA Approved by the IRS)

Bitcoin start-ups have attracted huge investments in Bitcoin and [Suspicious link removed]panies with a total funding of $550 million in 2016, as per a report. Additionally, many prominent investors have been raising direct stakes in Bitcoin, thus suggesting an optimistic future for cryptocurrencies. Billionaire Mike Novogratz recently revealed that he holds 10% of his net worth in cryptocurrencies like Bitcoin and Ethereum . He now predicts Bitcoin to go past $2,000. (Related Reading, see: More Billionaires Are Buying Cryptocurrencies)

?Today Bitcoins have a market capitalization of $23 billion, if two years from now that number is $100 billion, I would not be surprised,? says Amith Nirgunarthy, CEO, BlockStreet.

Well, i think as the number of bitcoin users and their demand of bitcoin increasing, obviously the bitcoin price will increase. It is just like any other product that you can see in the market, when a product is so popular expect that it will eventually increase its price.

[dkmartin]

I think it's raising is because of the popularity and demand of people to this system. I think that sooner or later bitcoin will reach again it's highest peak and for now we only need to do is keep supporting to it so in the near future bitcoin will be much succeeded.

[Dmitry.Vastov]

The price of Bitcoin went up by over 210% during the past year, trading from about $450 in mid-2016 to record-breaking levels of $1,400 in May 2017. In the eight years since its founding, Bitcoin has braved skepticism, rejection, and experienced volatility, to the present day, when it?s slowly being recognized by governments and even dubbed as an emerging asset class. Here?s a look at the dynamics behind Bitcoin?s rising price.

Bitcoin was created in the wake of the 2008 global financial crisis to operate outside of central governments, banks and financial institutions. Over these years, Bitcoin?s framework has challenged regulators, as most of them struggled to find ways to bring it under control. This led to some countries banning it or making it illegal, while some others remained observant and the rest worked out ways to tax and regulate its operations. However, the ?uncertainty? angle remained in sight. Although there still isn?t a very clear stance by many countries, a number of nations are coming out in support of the cryptocurrency.

Japan has recently recognized Bitcoin as a legal method of payment, although it continues to be treated as an asset, and not as a currency. In India, the Department of Economic Affairs, Ministry of Finance has constituted a committee to examine the existing framework around Virtual Currencies (VCs). The committee will not just examine the present status of VCs in India and around the globe, but will also suggest measures to deal with consumer protection and money laundering. The committee will be submitting its report by July.

At the same time, Russia, a staunch opponent of cryptocurrencies, has taken a U-turn. In an interview to Bloomberg, Russian Deputy Finance Minister Alexey Moiseev said that in an attempt to combat money laundering, the Russian authorities hope to legalize bitcoin and other cryptocurrencies as a financial instrument in 2018. He further stated, ?The state needs to know who at every moment of time stands on both sides of the financial chain. If there?s a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations.? While, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Republic of the Philippines, issued a guideline recognizing Bitcoin as a legal payment method.

The legitimacy of Bitcoin?s existence doesn?t just come in direct ways; approvals of investment products based on Bitcoin indicate what regulators think - the reason why Bitcoin prices tanked to about $900 levels from $1300 when SEC disapproved of the Bitcoin ETF by Cameron and Tyler Winklevoss. Nevertheless, the SEC was positive for the future, as the document read, ?The Commission notes that bitcoin is still in the relatively early stages of its development and that, over time, regulated bitcoin-related markets of significant size may develop. Should such markets develop, the Commission could consider whether a bitcoin ETP would, based on the facts and circumstances then presented, be consistent with the requirements of the Exchange Act.? Interestingly, SEC has now granted a request for review of its decision of disapproval.

The efforts to bring Bitcoin-linked products are a direct result of its growing demand as more and more people are looking to invest in cryptocurrencies. Although there are products such as Grayscale Bitcoin Investment Trust (GBTC), which is traded OTC (filed with SEC for a NYSE listing) and exchange-traded funds from ARK Investment Management, they offer limited exposure and opportunity to invest in Bitcoins. While the former is meant only for accredited investors, the latter have a very small holding in Bitcoins.

However, there is an option to invest for the long-term in Bitcoins for retirement by opening a self-directed Bitcoin IRA account, approved by the Internal Revenue Service (IRS). The scheme has been welcomed warmly and has gathered around $10 million till date, which reflects the underlying confidence of investors. (Related reading, see: This is the First Bitcoin IRA Approved by the IRS)

Bitcoin start-ups have attracted huge investments in Bitcoin and [Suspicious link removed]panies with a total funding of $550 million in 2016, as per a report. Additionally, many prominent investors have been raising direct stakes in Bitcoin, thus suggesting an optimistic future for cryptocurrencies. Billionaire Mike Novogratz recently revealed that he holds 10% of his net worth in cryptocurrencies like Bitcoin and Ethereum . He now predicts Bitcoin to go past $2,000. (Related Reading, see: More Billionaires Are Buying Cryptocurrencies)

?Today Bitcoins have a market capitalization of $23 billion, if two years from now that number is $100 billion, I would not be surprised,? says Amith Nirgunarthy, CEO, BlockStreet.

It’s only the characteristic and advantages of bitcoin that has made bitcoin to rise so high and now the bitcoin is leading currency among all crypto and thus is more successful among all crypto currencies, if we look at the success stories of bitcoin since 2008 then we can see that bitcoin has made such a tremendous progress since it was introduced, so there are millions of reasons why bitcoin is so much popular and why bitcoin has millions of investors to invest into it.