in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
As bitcoin become famous, many people became more interested about it. As they become interested they giving trust to bitcoin as resulted to many investment. As they invest they buy bitcoin. as demand becomes high the price also become high. In all people curiosity and tryst to bitcoin is the reason why people invest with this
Well it became famous last year and more people indeed became more interested though that means that more people witnessed how it fell from near 20k to 6k. Not a very good thing to see if you're planning on making an investment right?