It was below 1k last year beginning. But from the mid year prices started to explode! What's the reason behind these price rise?
Bitcoin having so much price maybe because of its demand and supply. Last year is really a big boom for bitcoin when the demand of it goes to its highest that caused of lacking of its supply and led to its highest increased to its all time high.
Yes because it is the only demand and supply which use to change the price of bitcoin in market, if people ask for bitcoin more than the availability the demand become higher than supply which make bitcoin price very high, bitcoin has very good impact on the life of people so they buy bitcoin to secure their future and they get into digital currency to make profit, we can use bitcoin for everything and we can get good profit to save for our future, this is increasing the value of bitcoin in market gradually and the price is getting high automatically.