I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
There may be quite a lot of factors on bitcoin boom.
- The rise of ico in 2017 ,There are like 1000 ico going on right now almost all neeed bitcoin to participate
- The social awareness of bitcoin ,in 2017 we found lots of youtubers promoting crypto currency hence this pump.