Number of Bitcoins in circulation
First mover, network effect and media exposure
What is unique to Bitcoin vs. other CCs is that it was the first one invented, gained acceptance by investors and businesses and has received the most media attention. New companies have formed to support and trade it, which has led others to take notice and try and cash in on the hype.
Since there isnt anything physically attributable to Bitcoin having these qualities has been a huge help for it to gain traction. I am counting these three as one reason as they have a synergistic effect on each other and help create demand.
FOMO or Fear of missing out
The fear of missing out or FOMO has helped to create a lemming effect. Investors dont
https://community.bitzamp.com/view.php?permlink=9-reasons-bitcoin-could-hit-100000-or-more&id=458205 I can barely even count anymore how many times inhave read and heard the same reasons to support the statement that bitcoin will reach a $100,000 in the future. Not that i am saying it isn't true. I mean, who would belive me, bitcoin clearly is something that is impossible to predict. Plus the fact that the major problems of bitcoins are being fixed, this caj really do happen someday if the trend continues and maybe even higher when the fixes gets implemented.