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.
Bitcoin price increase is mainly cause by the principle of supply and demand. Another thing is that big companies patronize the yse of bitcoin such as restaurants and KFC. On the other hand, one of the causes why it decrease is the bad news referring to bitcoin such as the banning of facebook and google of bitcoin ads, it really affects the price of bitcoin early this year.