Post
Topic
Board Economics
Re: What is the Cause of Price Hike Now in the Market?
by
DrG
on 29/11/2020, 20:22:05 UTC
Crypto is increasingly being seen as a possible hedge against irrational money printing of fiat. Bitcoin is more or less deflationary as the supply is limited and the expansion rate at present probably is outstripped by it's demand - hence the price increase.

As to why Bitcoin is rising stronger, well the media still presents it as if it's a singular movement. Only channels like CNBC even bother minuscule mentioning other chains like Ethereum.