None of us can ever say why the price of Bitcoin has increased. You may not be able to say when and why the price has increased. Yes, depending on the country's financial situation, the price of Bitcoin can sometimes increase. But we can never say that the price of Bitcoin has increased because of US President Trump. No one has ever had a hand in Bitcoin and will never have one. Bitcoin is decentralized.
But yes, for big people, the price of Bitcoin often increases. For example, many big people say bad things about Bitcoin, such as saying that Bitcoin is not good or something else. Then some people get scared after hearing them and start selling. But even after that, it can never be said why the price of Bitcoin is increasing.
As it stands any news we heard and whatever we feel that could be reason for the recent upsurge that made us to experience the recent ATH could be considered as speculation, we never can tell the real cause of the recent spike in price of Bitcoin, but just as it is, the current news about countries that has set out plans to make Bitcoin part of their national reserve could lead to the price pump, we all know the importance of US having Bitcoin as their national reserve, it means that bitcoin has been accepted fully in US and again many investors that were skeptical about it will want to come in for the fact that the government is now involved and you know what, many countries that are ally to US will want to follow that Foot step so don't you think this mindset alone could trigger the upsurge of Bitcoin, although just like as said all this are also speculations although they might be correct too.
Yeah, that is very true. At this point, most of what we are hearing are still just speculations, but they definitely play a role in driving market sentiment. The idea of countries especially big ones like the US adding Bitcoin to their reserves is a strong signal, even if it is not official yet. Just the thought alone can boost investor confidence and attract new people who were once doubtful. And if other countries follow that trend, it could really push the price further. But like you said, we still cannot say for sure what exactly is behind the recent spike the market moves on many things, both seen and unseen.