The price has been rising at a magnificent rate proving Bitcoins are in huge demand around the world.
I'm interested in knowing about this sudden huge demand, can you explain it? I certainly cannot understand why it is raising $100 each couple days.
Nobody can explain it. Some will say the chinese discovering it (to them, I would say, what happened when the West discovered it in 2011...?) others say it's with silkroad being gone (to them I would say: why is a few hundred million dollars worth of bitcoin not being spent yearly a good thing?)
Some will say it's hype, a rise in value without anything to back it up. People getting excited for no reason. Sort of like what happen in a bubble....
Make your own mind up. Don't take what anyone says as fact without learning why.