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❓ASK Bitcoin's price is going high, can anybody knows the reason?

CrazySher

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Can anybody knows that why Bitcoins price is rising, in recent days it almost surpasses, a difference of $1000-$1500 mark daily. Which materials or reasons give it a boost.

And is it still continue to grow in next days or it will fall back?
 

aryan4

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I think the biggest reason for its rise is bitcoin purchases made by corporate giant companies. Small investors definitely followed the purchases of large investment firms.
 

Luckson kakole

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I think the biggest reason for its rise is bitcoin purchases made by corporate giant companies. Small investors definitely followed the purchases of large investment firms.
  • Because Bitcoin's mining reward halving mechanism further proves its scarcity and merit as a store-of-value asset.
 

aryan4

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This bull run is powered by the institutional investors.
Yes, you are right.
Many conditions came together for the rise, and corporate companies that purchased huge bitcoins made a very important contribution in this process.
 

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Many business giants have their attention towards bitcoin and have been investing heavily in it, added to that is the Paypal payment processor that has brought crypto onboard. Those are factors contributing to its increase.
 

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Many business giants have their attention towards bitcoin and have been investing heavily in it, added to that is the Paypal payment processor that has brought crypto onboard. Those are factors contributing to its increase.
That's true , MassMutual , microstrategy are also companies that has Invested over $1billion in bitcoin, this alone apart from PayPal is enough for a push.
 

alfred89

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guys its me i have made stupid exchange hhh its true can you belive this its up to you ;-)
 

JamesSemaj

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A huge number of investors like especially hife companies use bitcoin for transactions and the number of people that engage in a crpto, the higher the price
 

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Paypal has huge number of subscribers, if the subscribers all turned or most turned to using bitcoin when it starts it obvious that will be Investing more funds into bitcoin next which is gonna be a booster.
 

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Around the first week of November paypal bought huge amount of cryptocurrencies. From then bitcoin started rallying towards it's previous all time high of 20k and it's still rushing, current all time high is 29.3k.
 

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Can anybody knows that why Bitcoins price is rising, in recent days it almost surpasses, a difference of $1000-$1500 mark daily. Which materials or reasons give it a boost.

And is it still continue to grow in next days or it will fall back?
There are a few reasons for the recent Bitcoin price hike:
//Bitcoin's mining reward dividing component further demonstrates its shortage and legitimacy as a store-of-significant worth resource.
//Institutional appropriation as both a venture and as an administration they can give shows solid trust later on for Bitcoin and cryptographic money.
//The framework worked around digital money and Bitcoin has demonstrated tremendous development over the late years making it simpler and far more secure to contribute than any time in recent memory.
 

Brain

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This has to do with many investors especially the giant companies investing so much in the coin giving it a bull run in price and value. It is a good thing though
 

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Presently there is more people holdl than those selling , and this has made demand to exceed supply thus resulting in a rise in price .
 

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There is likely going to continuous hold of the bitcoin than selling and very likely the sales won't come at once so the price may not drop significantly.
 

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There is likely going to continuous hold of the bitcoin than selling and very likely the sales won't come at once so the price may not drop significantly.
If two whales sell large amount of Bitcoin in a week , there will be a decline in the price of Bitcoin to an extent that one may consider buying again
 

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According to economic principle, a high demand for a scarce resources will lead to an increase in the price or value attached to the resources. So as more people keep buying bitcoin and holding it the demand will surpass the supply
 

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Yeah I am very happy for bitcoin as it was able to go so close to 35k , it reached about 34.8k some hours ago. I hope bitcoin surprasses 40k by this week.
 

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Yeah I am very happy for bitcoin as it was able to go so close to 35k , it reached about 34.8k some hours ago. I hope bitcoin surprasses 40k by this week.
It is a clear indication that Bitcoin will hit the $35k mark soonest and cross it God's willing with the kind of buying and holding existing in the bitcoin market of recent.
 

nazgee

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Can anybody knows that why Bitcoins price is rising, in recent days it almost surpasses, a difference of $1000-$1500 mark daily. Which materials or reasons give it a boost.

And is it still continue to grow in next days or it will fall back?

It is a clear indication that Bitcoin will hit the $35k mark soonest and cross it God's willing with the kind of buying and holding existing in the bitcoin market of recent.
I think very big investors and rich countries are involved in this increasing of Bitcoin price and it is very possible that the price of Bitcoin will cross 50K very soon. Lets see what is next level of price.
 
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