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.
In addition of this supply and demand explanation, i also believed that the manipulation of the big whales contributed to this price increase because their huge resources can really pump up the price and attract more investors to join the investment making the real demand of Bitcoin will increase too. I believed that without the big whales participation, the market of today will be in difficult to reach the former ATH again.
The whales are the reason why the price of bitcoin is more volatile because they are playing with the market and also the emotion of other people and it is best for them to just keep it that way because that is how they make money and for us average traders or investors we should let them do what they want and don't get affected to avoid mistakes.