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?
I think more people know Bitcoin and want buy it is a small factor in crypto market. The biggest factor is shark and whale want up price Bitcoin, because they want many people think Bitcoin will up hight and hight more, cannot stop up price, and when Bitcoin hit a highest price, they will sell all (take their profit) and wait Bitcoin price down to buy againt 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?
