I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
We know the system of bitcoin i guess the only reason why bitcoin is get popular because it is obviously a high technology we cannot find a transactions of money where easily be transmitted in just a second anywhere in the world easily using thing bitcoin easily we can do that and at the same time bitcoin is also a investment for all of us having a money in the market making the demand of bitcoin to pump its market cap. obviously, the real cause of the pump is the demand of bitcoin because it get popular a lot of people want to try it.
Boom is about popularity and how can it get that popularity? I think above already mention that bitcoin get popularity because its first great technolgy which not only being used for investment but also for payment online.
Next bitcoin nees to improve their service till it can be used for offline payment too.