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Bitcoin Discussion
Re: What is the reason for the current hike in price on Bitcoin?
by
ruthbabe
on
01/05/2018, 03:59:52 UTC
Quote from: rddsd7 on December 03, 2017, 10:11:35 AM
What are the reasons for the current hike in price on Bitcoin?
1. Starting of trading at Chicago stock?
2. Rumors about another hardfork in December?
or any other reason??
Please let me know your thinking.
I think one of the common reasons for the continued Bitcoin price rise is the positive news about speculations or predictions on the price of Bitcoin in 2018 and/or before the year ends. News headlines, such as, "
Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price rise
", "
Bitcoin price RISE: Cryptocurrency could top RECORD levels of $50,000 in 2018, says exper
t", and "
Bitcoin could bounce back big-time in 2018: analyst
" are gaining 20% or more acceptance rate which I think has contributed to the demand of the cryptocurrency.