Newbie here - I was recently exposed to cryptocurrency and have been studying it. Unfortunately, it was after the bit coin boom of 2017.
I knew that the bit coin had a good bull run in 2017. I just looked at the stats today and I am simply astonished
Bit Coin Price History
Dec 2013 - $600
Jan 2017 - $800
Apr 2017 - $1,200
June 2017 - $3,200
Sep 2017 - $5,000
Nov 2017 - $7,300
Dec 2017 - $13,800 (at one point it reached $17,900)
So, what were the reasons for the bit coin's gigantic bull run in 2017?
I will also track the reasons you mention and add them below.
More people started to invest on bitcoins on 2017 thats why there is a great jump in the bitcoin price.But it jumped too much in my opinion now the price correction occurred and the price if getting stable between $12K.I knew that the bit coin had a good bull run in 2017. I just looked at the stats today and I am simply astonished
Bit Coin Price History
Dec 2013 - $600
Jan 2017 - $800
Apr 2017 - $1,200
June 2017 - $3,200
Sep 2017 - $5,000
Nov 2017 - $7,300
Dec 2017 - $13,800 (at one point it reached $17,900)
So, what were the reasons for the bit coin's gigantic bull run in 2017?
I will also track the reasons you mention and add them below.