If I am to answer this your question going by the topic you have here, then it’s simply because of the law of demand and supply. When the demand is higher than the supply, the price goes up. Due to the fact that there is a growing number of people investing in the market, the price of bitcoin will continue to increase to be matching that high level of demand that the new investors are bringing to the market and that’s just it.

And to answer your question that you have asked in your write up, I would say that young people are interested in bitcoin because it’s a new technology, and since most of the young people these days are interested in new technologies especially ones like bitcoin that breaks boundaries, it’s sure going to draw their attention.