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.
Base on my knowledge the cause boom of the bitcoin. It depends to the event, news, article regarding the bitcoin or cryptocurrency. If this good or better activities that I said the effect on the value of the bitcoin or even the altcoin. But if this activist is against on the cryptocurrency, I am pretty sure the amount of it will crash. It also depends on the demand and supply of the bitcoin the high demand there is a chance to boom the price.