It is obviously because the popularity is rising and that is why the price. Everyone is getting interested in how Bitcoin is working and more and more investors are joining in
It is obviously because the popularity is rising and that is why the price. Everyone is getting interested in how Bitcoin is working and more and more investors are joining in
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Due to high demand and low supply. Not only this math is working for increase in price of Bitcoin but also increasing investment in other altcoins ( cryptocurrencies). So finally market cap of Bitcoin as well as other cryptocurrencies is increasing surprisingly and exponentially. Few other things also impact on increasing price of Bitcoin globally. Decentralization, open source, security, transparency are some of characteristics which are taking world towards digitalization and new era of business at C2C level with total privacy, safety and trust.
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One of the reasons is it gains recognition around the world. People are becoming aware of the presence of Bitcoin despite of its limitation. The demand for Bitcoin increases a lot.
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The value of Bitcoin is very unpredictable and now it's very difficult to predict if it's going up or down.
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