I think most of the reasons mentioned above are already known by all of us. To summarized everything here is the 10 reasons:
#1 Reason illiquidity, price discovery is very opaque
#2 Japan's quick adaptation of BitCoin for store payments
#3 Major uptrend in Blockchain and Cryptocurrencies
#4 Bitcoin is a benchmark
#5 Bitcoin is going mainstream
#6 Mining difficulty has gone up tremendously, miners have to be compensated for processing transactions
#7 Volatility is here to stay
#8 Major uptrend with severe drops/pullbacks
#9 Limited supply
#10 Network congestions”
I can only speculate that by the end of the year we are going to see near 4000-5000$.
#1 Reason illiquidity, price discovery is very opaque
#2 Japan's quick adaptation of BitCoin for store payments
#3 Major uptrend in Blockchain and Cryptocurrencies
#4 Bitcoin is a benchmark
#5 Bitcoin is going mainstream
#6 Mining difficulty has gone up tremendously, miners have to be compensated for processing transactions
#7 Volatility is here to stay
#8 Major uptrend with severe drops/pullbacks
#9 Limited supply
#10 Network congestions”
I can only speculate that by the end of the year we are going to see near 4000-5000$.
Bitcoin Price grow up day by day because mining fee increase because if you don't give more fee then your transaction is complete with long time. For that you have to you give more fee to complete your transaction. and the miner get more profit form mining reward.
Yes you are Right this year bitcoin price grow up 5000+. we just waiting for this.
