Why is the price of Bitcoin rising so much?

[bayiajaib]

I also agree that the fundamental reason really makes the price can drop and rise so easily.
Bitcoin is rising because the big news is coming and they are positive. Additionally right now is still the bullish era so whatever the coins will be probably incnreasing. let's take profits

I think not only teh news that cause bitcoin price increase. Several famous people nd companies already invested in bitcoin.  Bitcoin has high demand . I predict will touch 50K USD soon, and other coin will increase too

[Tamsialu$$]

The price of Bitcoin is currently around 39,000 dollars.  Bitcoin's price has risen so much because of the big investors. At present Elon Musk has invested about one and a half million bitcoins. And it has been seen that the price of Bitcoin is pumping so much because many big business organizations are accepting Bitcoin transactions.

[Sentinel]

Because indeed the longer crypto, especially Bitcoin, is increasingly known and in demand by the public as an investment asset. Therefore more and more people are looking for Bitcoin. And this makes the price of Bitcoin also increase sharply.

[0t3p0t]

What can you consider by looking at the current price of Bitcoin. If you cryptocurrency Analyzing the market, you can see that Bitcoin has already crossed 43 thousand dollars.Why is the price of Bitcoin suddenly rising so much?What do you think will be the price of Bitcoin this time?Looking forward to the opinions of various senior experienced brothers.

It is actually because of shills and adoption of famous individuals that is why there is FOMO. News that has positive effects to the cryptocurrency industry mostly comes from whales and other big players who are clever in advertising their portfolio just to make millions of profits.

[LeziT]

Many senior brothers have already pointed out the reasons behind the rise in Bitcoin prices.I agree with them and present my statement.I think the main reason for the rise in the price of Bitcoin is Elon Musk.Because he did a tweet on his Twitter page about Bitcoin a few days ago.Which is why the price of Bitcoin has risen so much.Everyone hopes that the price of Bitcoin will increase further in the future.

[Confero]

Because indeed the longer crypto, especially Bitcoin, is increasingly known and in demand by the public as an investment asset. Therefore more and more people are looking for Bitcoin. And this makes the price of Bitcoin also increase sharply.

It makes sense and I agree, the more people who are interested in investing in Bitcoin, the demand for Bitcoin will increase, and this will certainly increase the price of Bitcoin.  We know Bitcoin is getting more and more popular over time, while the Bitcoin supply is limited to 21 million.

[pacar_tiri]

I would like to find out at what prices and when the Elon Musk and Tesla bitcoins were bought.  Perhaps bitcoin was bought in the spring of last year and now Elon will be gradually fixed and people will buy on fomo.

Bitcoin has grown since last year, So not only Elon musk factor. After Elon musk bought bitcoin , we all see FOMO. But not problem , It is a good thing for crypto currency market. Bitcoin already go stronger now.

[Mayajal]

A long time ago, the price of Bitcoin was so low that the price of Bitcoin started to rise slowly from there.  From there, the price of Bitcoin is rising at a rate that is surprising. The current price of Bitcoin is 48,790 dollar. If the price of Bitcoin continues to rise, the price could rise to 70,000 dollar in a few days.

[Nimix]

I think one of the reasons Bitcoin is rising fast is because most prominent and big people from big companies are investors and even some other companies are partnering. For example: PayPal. They now allow customers buy and transact with Bitcoin. This being said, our seniors can help shed more light into this.

[tamango]

It is obvious that the price of bitcoin is growing today due to the interest of institutions!People are interested in cryptocurrency,but this is not new for many and some have heard about the fall in 2017 and are afraid to go here, so further pump has little chance!Obviously, the price of bitcoin is too high,because if you compare it with September, then in addition to hype and institutions, it is still the same coin!

[Monster5]

There are a lot of cryptocurrency markets at this time Including Bitcoin due to which it has improved The price of many more coins is rising.Bitcoin in particular is the most expensive Is increasing.Bitcoin is currently priced at $50,000 dollar Bitcoin prices are higher in the near future Is expected to increase.

[arnold dudicove]

The price of Bitcoin is currently around 39,000 dollars.  Bitcoin's price has risen so much because of the big investors. At present Elon Musk has invested about one and a half million bitcoins. And it has been seen that the price of Bitcoin is pumping so much because many big business organizations are accepting Bitcoin transactions.

You are right. The price is currently at $ 50K, bitcoin will make history a little longer. Moreover, there are already many discourses of big companies waiting to enter. If it is true that Apple and Paypal enter, bitcoin will definitely be even more crazy ...

[Azaleea]

The price of Bitcoin is currently around 39,000 dollars.  Bitcoin's price has risen so much because of the big investors. At present Elon Musk has invested about one and a half million bitcoins. And it has been seen that the price of Bitcoin is pumping so much because many big business organizations are accepting Bitcoin transactions.

You are right. The price is currently at $ 50K, bitcoin will make history a little longer. Moreover, there are already many discourses of big companies waiting to enter. If it is true that Apple and Paypal enter, bitcoin will definitely be even more crazy ...

If the discourse is true, it is certain that bitcoin will grow. But everything is still in progress. They will definitely calculate carefully. And in the waiting period, the market can change at any time

[MUGNIA]

from the news that I read, many well-known companies have started accepting payments using bitcoin, for example, the big companies Tesla and mastercard, although with certain requirements from the company, each BTC holder and BTC users are very enthusiastic about collecting bitcoins,

[Arkann]

After the national currencies began to depreciate very strongly due to the crisis, and the stock market began to generate a lot of problems, because of which institutional capital began to look for more profitable assets for investment. It was Bitcoin that became the best of all that exists, and therefore big business is also interested in investing in cryptocurrencies. I believe that the trend of attracting large capital will continue and the bitcoin rate will increase.