Why is the price of Bitcoin rising so much?

[Review]

There has a good reason behind this.. You know well that bitcoin now is the most demand able crypto currency right now.. Again days going the number of bitcoin user increase also the institutional investor.. You can know some institutional investor such as  Microstrategy company, Tesla car company and  so on.. for this reason the price of bitcoin price increase on..

[CriptoLH]

Interest in bitcoin in the world is growing and large companies and funds are investing in it to make a profit during the financial crisis in the covid pandemic. If bitcoin were less volatile, we would already see even more news about its purchase and, accordingly, the price increase.

[flyaccount]

I think this is because there are many big companies like Tesla and Elon Musk buying large amounts of Bitcoin. They control the price of Bitcoin so much. And now the price of Bitcoin is starting to decline and it will continue to decline I think.

[Crypto_Somrat]

Bitcoin has gained its popularity. And also being able to retain popularity. The number of investors in Bitcoin is increasing day by day. People are more comfortable investing in Bitcoin than in Gold. Bitcoin is being invested more. I think that's why the price of Bitcoin is rising. Again, many feel that the US election has had an impact on the rise of Bitcoin prices.

[dodok]

for this year the price of bitcoin is extraordinary, there are many new crypto cryptos whose prices can compete with bitcoin, many investors are interested in buying this bitcoin which causes the price of bitcoin to be extraordinary plus experts who predict that the price of bitcoin can reach 2 M.

[Sharpmax]

There are many questions in the minds of many people about the increase in the price of Bitcoin.  However, many may not know the real reason why Bitcoin is so expensive.  Big investors from all over the world have supported this bitcoin. Due to which the price of bitcoin has increased so much. It is expected that it will double more.  Now many people have scored this bitcoin and got a lot of profit from it.

[mlawson71]

I think now the question on everyone's minds is how much further it's going to rise and when it will rise.

[Bit]

As always we can see that the price of Bitcoin is always increasing because of the condition of the market supply and demand. Moreover, if there is negative or positive factors as fundamentals so that they can seek ways to make the price of BTC is always going up then

[syedrasool2011]

Price again dump 46k i think btc is waiting for big pump it will touch 60k for that hold your btc  will pump We have to be patient cause there have to be a lot of pump, so some corrections need to be made too hold your btc dont sell it.

[Batch18-19]

I think investors have kept the wheel of price increase of bitcoin in motion.If investors had not invested in the Bitcoin platform, the value of Bitcoin might never have risen.The price of bitcoin is currently rising due to the fact that this platform is probably the most invested.Bitcoin is already supported by world famous people.

[Crypto_Somrat]

Bitcoin has gained popularity. The demand for Bitcoin and the popularity of Bitcoin are growing at the same time. The use of Bitcoin is increasing day by day. The number of investments in Bitcoin is increasing. The number of investors in Bitcoin is increasing. I think that's why the price of Bitcoin has started to rise like this.

[Crypto Guard]

The increase that occurred so large in Bitcoin could occur because there were several large companies that bought large amounts of Bitcoin and then fully controlled the Bitcoin price.

[atjiat]

The increase that occurred so large in Bitcoin could occur because there were several large companies that bought large amounts of Bitcoin and then fully controlled the Bitcoin price.

This is the correct answer for today, but your answer also gives understanding to those who ask questions and say that today is the end of the bull run. The fact is that the bullish run is just beginning and today another correction is being carried out, and Bitcoin does not intend to fall, because large investment portfolios will not allow this.

[Irfan12@]

One thing we have all noticed is that the price of Bitcoin is rising excessively.But no one can say exactly why the price of Bitcoin is rising or getting so high.However, I think the reason for the increase in the price of Bitcoin is that the number of investors in Bitcoin has increased. Bitcoin is being invested all over the world. And that's why the price of Bitcoin is rising so fast.

[mahid]

There are so many Institutional investors are buying bitcoin this is one of the major cause of rising bitcoin price rapidly. On the other hand so many investors which are unknown, a large number of amount invest by them. Those are the most important issues for rising Bitcoin price.