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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?
 
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.
 
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.
 
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.
 
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.
 
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.
 
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
 
Presently there is more people holdl than those selling , and this has made demand to exceed supply thus resulting in a rise in price .
 
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.
 
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
 
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
 
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.
 
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.
 
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.
 
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.
Lots of people are seriously Investing into bitcoin and I am sure this will continue so I encourage people to invest in bitcoin and ethereum especially.
 
During the lockdown. Offline business was shut down and people have no choice than to be involving in online business. So many investors pull their resources on bitcoin hence the increment in price lately.
That's true , the Investment has been very encouraging making it difficult for them to pull out their Investment rather they keep adding more
 

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