The main driving force behind bitcoin rally

[Hasmizara]

very positive for Bitcoin to accept PayPal Bitcoin and with it the crypto market will improve a lot the epidemic had no effect on Bitcoin. If the price of Bitcoin is limited, the price will increase based on the demand. The stable Bitcoin price in the world has not coincided with such a significant improvement in the world economy, resulting in increased trading activity. Bitcoin, China's largest bitcoin trading platform has reached a record trading volume. Bitcoin Exchange is increasing the number of users on its platform. Bitcoin has been the main driving force behind the rally with the country's economic growth slowing as a result of the economic downturn.

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[pankowri]

This is almost the last moment of the year and the rally already started. So some points can be included,

- Corporate spending on Bitcoin
- US elections and Trump's failure. Because if Trump won, he would restrict cryptocurrency or impose some rules and regulations.
- Impact of Covid-19
- Altcoins can not perform well for a long time

There are many reasons behind this but those can be mentioned in a words. After all, the good times are coming, and expecting more value from Bitcoin shortly.

[Walterhank]

Yep, institutional investments are the main reason behind this trend, they have seen how well Bitcoin can work compared to the weak existing financial systems.

[TheGreatPython]

With strong bitcoin bullish trend I was asking myself: what is the main driving force? In my opnion it's not retail traders or mass adoption, it's insitutional money that keep flowing in and pushing the price higher. What do you think?

You maybe right, but retail investors are contributing in so many ways, though their contribution might not be quickly noticed because they invest little money and with time the money they are investing will be increasing in the market and the market price will be increasing a little by little. But that’s not the case when it comes to institutions, since they are some rich guys with the bigger pockets, they can invest a huge amount of money and at once it will hit the market it starts increasing. But everyone contributes in their own ways, whether small or big.

[angrynerd88]

In my conclusion, the bitcoin cost is expanding since of the corporate investing on bitcoin is expanding. What corporate do as a rule have a positive effect on people's intellect. I think typically what precisely is happening around bitcoin. More liquidity is streaming into the advertise expanding the request which is pushing the cost higher, I think its more prevalent and reasonable reason and may be a few time Enormous whales control the market.

[worldofcoins]

I personally think that the main driving force is bitcoin investors.
Presently days political decisions become the new trend for bitcoin rise which is totally off-base. Peoples are keep thinking that the political decision assumes a significant function for the market.
I do not concur with this point since governments are against it and making approaches to crash it. On the off chance that we need to make it siphon then we need more speculators.

[Obito]

I personally think that the main driving force is bitcoin investors.
Presently days political decisions become the new trend for bitcoin rise which is totally off-base. Peoples are keep thinking that the political decision assumes a significant function for the market.
I do not concur with this point since governments are against it and making approaches to crash it. On the off chance that we need to make it siphon then we need more speculators.

You are only half right, in my opinion, the main driving force is the supply and demand in the market. If there is low in supply the demand goes up, the demand consists of the people that are all involved in bitcoin; whales, retail investors, institutional investors and traders. It is actually a good thing that politics influence bitcoin and vice versa, it can help us to predict if the prices were to go up or down depending on how bad the news is.