Now it is evident that Bitcoin price is at an all-time high. Prices have risen steeply, far too fast for my liking. I don't think such a growth is sustainable. The bubble is going to break very soon.
But what is causing such a price hype? I speculate this phenomenon is caused by the increase in the number of Bitcoin users. Hence, demand increases and supply dwindles. Thus price increases. Are there any other factors that could add to this price hype?
Traditionally we use the say reason as supply and demand on bitcoin will take bitcoin to moon. After last halving onwards price started moving up without more dips in the chart. As of now there are many people adopted bitcoin and investing on bitcoin and blockchain related projects. After implementation every project, bitcoin price use to get increase.