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.
There are many reasons for Bitcoin Boom. Firstly, bitcoin usage is much easier than other currencies. secondly, all news channels, media and advertisements have grown in large quantities so the investment has increased. Thirdly, Investors are investing more bitcoin. Above all, the demand for Bitcoin is increasing day by day.