in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
they won't buy bitcoin if they don't know what it is. considering nowadays a lot of big global media reports about how the price of bitcoin reached 10,000 USD makes people curious and start make a quick learning then decide to make a speculation to invest.
the point are indeed the popularity push the demands , it could keep growing for at least in the next few weeks.
Yes, bitcoin is gaining huge popularity each and every day and that is giving it a serious bullish push and without doubt it would keep giving it further push as we enter next year. I would not really say most people really have the full understanding of bitcoin and which is why little spikes like this have been followed by huge drop in price as a result of FUD.
A lot of investors these days with the speculations going on are seeing bitcoin as a means of investment and that is all they know without even considering the risk.