I know that generally supply and demand determine the value of bitcoin. But is it the only factor that helps to change bitcoin's price. Or there are more Causes ?
Of course bitcoin price is determine by its supply and demand of its coin, the more the demand the higher the price. The first price of bitcoin is $0.003 way back march 2010 when it first operates and it keeps increasing day by day and until now this first crypto currency is already popular in the world and obviously it will keep on increasing its price because of the investors that are attracted to its stability in the market. I think there are no other factors that can affect its price increase.