Does anybody know whats behind to high BTC demand.
Even if the rise of BTC is harming nearly all other coins for now, the BTC rise is good in the end.
It will bring over longer term new players to crypto generally and that is what we need to grow again.
Supposedly some hedgefunds on OKcoin jumped in for 3 Billion. Not sure if true but they made the post themselves.
Edit; Found it.
http://www.youtube.com/watch?v=I4oiQriC0n8&feature=youtu.be&t=4m57s