Why is the price of Bitcoin rising so much?

[bmw1]

The reason why the price of Bitcoin has risen so much is that the big companies of the world are discussing Bitcoin and using it a lot. The world's richest people in particular have turned their attention to cryptocurrencies and have invested heavily in bitcoin. Hopefully in the future there will be more growth and a hefty profit by investing.

[Condorlaib]

The reason why the price of Bitcoin has risen so much is that the big companies of the world are discussing Bitcoin and using it a lot. The world's richest people in particular have turned their attention to cryptocurrencies and have invested heavily in bitcoin. Hopefully in the future there will be more growth and a hefty profit by investing.

I believe that the main role was played by attracting institutional capital to the cryptocurrency market at a time when the stock market became very weak, and national currencies began to lose very much in value due to large inflation, which is directly related to the pandemic and the decisions of governments that wanted fight the pandemic and the economic crisis.

[mahid]

Every day new investors are joining in this crypto platform so bitcoin price definitely will increase. We know that Elon Musk is world biggest rich man who appreciate crypto currency. I think those are the key points for rising bitcoin price.

[vegasus]

The price of Bitcoin can be rising much because of the more demands of Bitcoin in the market. There are many beginners from the Forex market in crypto investment now. Or usual people who still no knowledge about investment. This adds more demands in the market lately.

[ashraf786100]

This is because demand is growing significantly. there are many wheeled pumps on many exchanges. The good news is that there are many celebrities like Elon Musk who invest or buy in bitcoin. Then, he regularly gives people a sign of his help.

[Newron]

Cryptocurrency marketing Bitcoin prices are seen to be the most upside down. But at the moment the price of Bitcoin is rising a lot. Everyone thinks that Elon Musk is having an impact because of its connection to the cryptocurrency market.

[Zero0]

Bitcoin's performance is currently looking much better. Bitcoin is moving to a much better position day by day. Many think Bitcoin's next target is 60 thousands dollars. Bitcoin is currently priced at just over 47 thousands dollars. Bitcoin's price has dropped a lot again. Hopefully it will continue to grow again very soon.

[Trumpet]

The value of bitcoin depends on the investment. When the investment is high, the value of bitcoin increases a lot. And when investments are relatively low, the value of bitcoins goes down.However, it has been seen for a few days that the price of bitcoin is being dumped a lot. Soon the price of bitcoin will increase again.

[Acifix]

The price of Bitcoin may go up due to the high price of Bitcoin in the market.  But everyone thinks that Elon Musk has an impact on the connection to the cryptocurrency market.  This adds more market demand lately

[lepbagong]

The price of Bitcoin may go up due to the high price of Bitcoin in the market.  But everyone thinks that Elon Musk has an impact on the connection to the cryptocurrency market.  This adds more market demand lately

@elonmusk with its tesla company buys most of the bitcoin, thus triggering other companies and brokers to also make purchases, thus triggering the scarcity of bitcoin in the market resulting in a sharp increase in prices (economic law).
So what you are saying is true, but the price of bitcoin is of course no one can control, that's why the price can also experience a downward correction, normal thing.

[Zero0]

I think bitcoin is being invested more. Bitcoin transactions are also increasing. Which is why Bitcoin has started to pump up so much. Investors are leaning towards Bitcoin. On the other hand, many people prefer to invest in Bitcoin as opposed to Gold. I think that's why the price of Bitcoin has started to rise.

[lepbagong]

I think bitcoin is being invested more. Bitcoin transactions are also increasing. Which is why Bitcoin has started to pump up so much. Investors are leaning towards Bitcoin. On the other hand, many people prefer to invest in Bitcoin as opposed to Gold. I think that's why the price of Bitcoin has started to rise.

yes, you are right that many companies have made bitcoin an investment, especially after @elonmusk tweeted on his twitter when buying most of bitcoin. @elonmusk has so many followers on twitter that what they tweet is influential and many people also buy.
thus affecting quite large transactions a few days later.

consequently the price increases and makes many interested in bitcoin because they see a very attractive price.
what you say is true that people prefer to invest in bitcoin than in gold. but also must not underestimate the role of gold which has its own market share.

[pelana vreo]

The trend of bitcoin is growing rapidly. There are big investors to invest in it. Therefore its price is also increasing rapidly. Many investors wish that by the end of 2019, its price will go to $ 100,000.

2019? I thought you'd write 2021 there.
The price of Bitcoin will always increase at a time of decreasing supply and halving Bitcoin will reduce rewards for miners, Bitcoin will hit $ 100k as soon as possible, but a new ATH of $ 70k has to be reached, and let's take a look at Bitcoin for $ 100k this year.

[Criminal]

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.

A few days ago, the price of bitcoin increased a lot. But after a few days, the price of bitcoin is being dumped again.However, in recent times, Bitcoin seems to be on the rise again. In other words, the prices of other coins, including Bitcoin, have started rising again I can't share any information about why the crypto market is going up and down like this.

[JISAN]

The reason of increasing bitcoin price is .Many rich people now trust bitcoin and they invested millions of dollars in Bitcoin for example today MicroStrategy has purchased  328 Bitcoins for $15 Million in cash at an average $45,710 per #Bitcoin