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 is one of the world's best known digital currencies. It is classed as a safe, appreciating, decentralised digital asset which has helped to aid its popularity as well its value. One of the key driving forces behind bitcoin's value over the years is the fact that Bitcoin provides increased ease and convenience when it comes to online transactions with the added bonus of security and the transactions are of pseudo anonymous nature.