Well... Bitcoin's price is rising for a number of reasons.
1. The Japanese government just gave it the "OK", which has people convinced that other Asian countries might start implementing similar policies.
2. As a result of people like *cough* Donald Trump *cough* being elected - there is a global uncertainty of sorts. People have begin losing faith in the government and are buying into bitcoin, thus driving the price up.
3. FOMO (Fear of missing out) also comes into play. If people think they can make some money buying Bitcoin now and selling later, then thats exactly what they do...
To address one of your other comments, Bitcoin does not suck. It's frickin' awesome. However there is a problem with the amount of time it takes for micro-transactions to be confirmed - but this era will pass.