Quote from: noone000 on May 15, 2017, 06:41:01 PM

I'm a bit curious as to why there has been such a massive increase in the value of the bitcoin. I believe the exchange from BTC to the USD has increased from around 600 USD to 1 BTC last year to around 1700 now. Is this a result of an increase demand for the currency? Are investors looking to buy BTC because of its rising value, this increasing the demand and price?

It's a combination of Japan having legalized Bitcoin, increased overall demand for Bitcoin as investment option, great sentiment, speculation around the ETF review, etc. Bitcoin is extremely hot right now. I must however note that I personally find the price to be on the higher side. I wouldn't be surprised to see a decent correction take the price down to the $1400 level in the coming weeks.