There are a bunch of preconceived ideas about the aspects or justifications that affect the price of Bitcoin. I will give you some illustrations: Contest; Cost of production; Supply and Demand; Restrictions and Legal Matters etc.
In your statement or ideas, what are the elements that can influence the price of bitcoin?
In the grand scheme of things it pretty much just boils down to
supply and demand. There are things such as hype/publicity/news, institutional/retail interest, etc but in the end, they pretty much fall under the
supply and demand umbrella.