Re: Bitcoin will hit 25k by the end of this Year?

Quote from: vlad230 on April 13, 2018, 08:55:46 AM

That wasn't a pump actually. It was the response to the opening of a new market in the Middle East. BTC was declared "halal" by Sharia law and a market of about 1.8 billion people opened up and started to buy.

You can read more about it here: https://www.ccn.com/bitcoin-declared-compliant-with-sharia-law-price-surges/

The reason might be a trigger, but rise was still a speculative pump. Very few of those 1.8m in the new market would be in a position to buy yesterday, need to get accounts open, verified etc. So this was existing traders hoping for that market coming in some time in the future.