i guess bitcoin become idemand so that the reason why price increase
Since the time this world has seen this bitcoin, most of the people have started developing their interest towards it and that most of the people started investing their money into it. With the passage of time, when more investors started investing their money into it, the demand of the bitcoin in the international market as well as across the entire globe started rising which resulted in more market value of the bitcoin and now it is this much high that people are making out very good profit out of it.
A lot of people are now having a good stable lifestyle and that is because of bitcoin and we can continue seeing this if we will continue to spread bitcoin all over the part of the world. Bitcoin is always there and the people are just the problem right now but if the demand grows then it will help bitcoin to increase its price and it will also help the people to make more money and reach their goals in a shorter period of time.
That is for sure and I still believe that things would even get better when we start seeing huge level of adoption which is totally different from what we are even seeing now.
People and most especially weak hands will always be the problem but the thing is that when a market is moving up too much based on nothing, then you should know that is more than demand and adoption and just fomo speculations which usually don't last most of the time. Interests in bitcoin and cryptocurrency at large is growing daily and it is funny that even with the little adoption rate so far, the market is still doing pretty well.
However, we have to understand that the market is highly speculative right now and what we see most of the time is the movement based on fundamentals and the whales using that to their advantage to let people, investors and traders see what they want them to see.