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.
Yes, you are right Bitcoin's value is influenced by many and at least supply or demand. But actually, there are many factors that influence the price and popularity of Bitcoin like the number of countries that Bitcoin prohibit ago and much negative news about Bitcoin. Surely these factors make the price of Bitcoin down. But the price of Bitcoin by the end of 2018 will definitely increase many times over.