Bitcoins are in great demand in countries that have contributed to the increase in cryptocurrency, but some government controls have made it less likely. Increasing political uncertainty and concern To Asian encoding, the wider acceptance of blockchain technology is playing an important role in the increase of bitcoin.
Bulls often mention that the scarcity value of this encrypted digital currency is the main reason for its continued rise. Bitcoin is somewhat similar to gold, and its supply growth is extremely slow, and it is still slowing down. Its total supply will only reach 21 million. People's psychology and other aspects of the game will affect the price of Bitcoin.