Topic: The Real Reason for Bitcoin's Rise (Read 2116 times)

Remember, Bitcoin is money.  Money has never really been a free market, throughout modern history.  Instead, the value of each kind of money is subject to manipulation by the political and financial elites, for their benefits.  (The gold and silver standards of the past were a major form of this 'management.')

The reason is simple.  Money is most basic institution with which the elites run the system that benefits them.  What chance is there they will allow themselves to lose control of money?  Not much.

Perhaps the real reason for increasing the speed of bitcoins is the approaching hardfork. Because many people are hoping to have free altcoins built on the hardfork that will occur in December. So suddenly the price of bitcoins has increased. Hopefully this is a natural occurrence, And no manipulation is done because my fears are a sudden downfall of which would of course bring regrets to us.

The real reason why bitcoin rises is bacause of its demand! Too many people want to have bitcoins, and they have lot of ways to do that  like mining and trading. It is so famous, according to what i've read, bitcoin is the most fast rising coin f all time and it continues to rise hoping that it will reach $20000 mark by the end of this year and specially bitcoin is mined or generated by the chinise men, as of what i have read they are the major procuder of bitcoin, almost 81% of the entire world. Aside from that other issue are they are or they can manipulate the rise of its price because it is already controlled

this is really new technology and people are interested how it will show itself, that's why the great demand and interest...so the price rises

We do not see the real distribution of money invested in bitcoin among users. Perhaps the vast majority of the money invested speculators. In a few hours they can leave bitcoin and it will crash. For all the appeal of bitcoin for me is a very risky asset. It is hoped that this will not happen soon.

There is still potential for the bitcoins prices to increase the value as bitcoin network is a peer to peer payment network which can be transferred from all over the world without a third party involvement, or without depending on the banks any one can transfer currencies worldwide with low transaction fees compared to normal banking system. This Crypto currency has the tendency to give full freedom for its user's which is not possible with fiat currencies as fiat currencies are controlled and maintained by the central banking system which is one of the reason for attracting more user's to the bitcoin community and due to high demand for bitcoins the value of bitcoins keeps on increasing every time.

I think the rise of bitcoin recently mostly because of CME group listing of bitcoin next month.

I agree to that. The demand from the investors of bitcoin is the main reason why the price of bitcoin is going up and it is scary because the movement of the bitcoin's price seems like an abnormal move because with that pattern it doesn't have any correction or so. I think that it is risky to just jump in on bitcoin and it is better to just be wise in investing in bitcoin.

The 500 years of modern history is basically a story that supply and demand do *not* work when it comes to money (though they might work well in the markets for other goods and services, in the more advanced countries.)

Most people don't understand how money is the basis of power for the state-bank alliance of elites.  They can't afford to allow people an easy escape out of their inflated money and into non-state money.  They have suppressed gold and silver for hundreds of years using 'gold/silver standards.'  The reason they are allowing Bitcoin to go up is that they can do the same to Bitcoin in future (when the price is high enough.)

The real reason that bitcoin rise it because more investors interesting to join or investing the bitcoin and the bitcoin have a great satisfaction to our investors and have a good currency to buy in bitcoin.

The currency demand of bitcoin are rising so the price also rising

Demand decide the price 
bitcoin now is more and more popular then before

Just because bitcoin now is highly in demand in the market, since it have a limited supply-it will make its price into rapid increase.
And with this, it is pretty sure that more people will come to this and make this as their investment.

Digital money can be PayPal or any of the other forms based on fiat money, and they usually perform better than Bitcoin.  The decentralized, non-state-issued nature of Bitcoin does set it apart, but as Jamie Dimon said, since Bitcoin competes with the state's  power to issue money, the state will never let it take off.

So, the truth is not really that simple.

not just that, today..people are getting smarter and harder to fool. People think that investing their money in cryptocurrency, especially bitcoin, is more profitable than keeping it in a bank with low interest and monthly administration fees. Meanwhile, in terms of functionality, cryptocurrency is not less than the bank, I think this is also one of the things that pushed the price of bitcoin to continue to soar.

well i think the big reason of the bitcoin rise is that many people is now believeing in bitcoin and every people will really gain on it that is why they stick to it and continue investing on it that is why the demand is always there and people use  it verry continueos and it really make btc rise .i believe bitcoin is a good asset on making money that is why they are many people  using it.

Yes when supply is more than the demand of bit coin then the prices of bit coin drops down while when the demand is more than the supply then the prices goes up and up. Presently the demand of bit coin is increasing day by day so the prices is also increasing.

You are right. The popularity of bitcoin is the fact that people like the constant increase in the prices of bitcoin. It seems to me that this is the way to hell. Constantly this can not be, and someday we will all suffer from falling prices. Perhaps it would be better if the popularity of bitcoin was due to the fact that it gives you the opportunity to be independent from government policy and to force the return of Fiat to compete with bitcoin.

There are many reasons we could think as to the real reason why bitcoin is now rising. As for my point of view, the real reason behind the success of bitcoin is its well established platform from which many people agreed to accept and with the amount of trust it gained from the people, it is now beginning to make noise that yields to its rising status.

Bitcoin's rise will continue to grow. Although it experienced some noteworthy declines but it's resurgence
from the very issues that influence it to decline in the first place, clearly exhibits Bitcoin's evident opulence.

Bitcoin is distinguished by people globally as a private tool in anonymous transactions.
It provides privacy, this by all means is one of it's greatest qualities. It's availability and popularity.
There's an increasing demand for bitcoin and as new people and investors get into it, the value and worth
will surely ascend.

The main reason for the bitcoin rise is that people are now sick of the cash money and this will give a lot to the bitcoin and they are rushing toward this because it is the most profitable coin of this time and the popularity of bitcoin is the main reason to the rise and user demands as well and in future price will be more high because bitcoin will totally kick out the use of cash money so adopt it for sake of good future,

The market price of any coin greatly depends on the demand of that coin. If the demand will be high, then market price will also be high. Now-a-days, there are so many investors who are investing their money into bitcoin which in result is increasing the demand of bitcoin across the globe. This is the thing which is playing a major role in making the market price of bitcoin this much high.

I think the real reason behiend bitcoin being so popular and behiend its rise is because bitcoin has brought a new idea to the world it was a new type of currency that was controlled by the people and that is decentreliezed which means that it could be used anywhere in the world, poeple saw potential in this currency and that is why they believed in it and invested their money in it, and with every time a there is a fork the hype brings more and more people.

the main reason for the rise in bitcoin prices is the fact that the availability and demand of the market is very high, it makes the price more expensive, like if you buy rare items then you have to buy it at a very expensive price.

The real reason is because Bitcoin is a measure of the global debt the exists on a global scale. Since BTC is on it's way to replacing FIAT as the universal ledger, it has a long way to go in terms of price.

if you look at the development of bitcoin today certainly bitcoin has a chance to continue to increase and certainly will be accompanied by a price increase that is clearly higher than now

The supply and demand of bitcoin on online market is the main reason why the price rise. In addition to that, as of now bitcoin is on high demand on online market so the price become more expensive. I think the price of bitcoin will become more and more expensive in the future.

This question can answer in a simple way. Everything belongs to the changes in our society so do our currency.
We all know that we are in the digital world and everything is dependent to the internet. To sustain this changes, digital currency was born. In addition, because of its interesting features, bitcoin is being patronized by many people.

Whenever trust is developed then definitely the demand will also increases because the people become confident on it so now the real profit and other benefits of bit coin surely increase the trust level of the investors so the demand usually gain dominancy on supply and the price get raised.

that is the main reason, the demand of bitcoin also rises.
many investors are investing in bitcoin because its a good investment, we all know that bitcoin starts at low value, but look at it now, its above $5000, and no one expect that to happen.

I think it is really the demand for bitcoin that makes its price higher. All the factors being mentioned like people's trust in bitcoin, adaption in different countries and by many people and many more fall into the demand of bitcoin. The good things that happens to bitcoin will only increase the demand of it.

Exactly, there are hundreds and even thousand reasons for which bitcoin have made a fantastic place in the hearts of its users. Among many, there is trust that comes at second number, according to my opinion. First is definitely, the high yielding percentage of profit and then comes the trust. Users trust bitcoin for changing their life style and making their life stable.

The rate of goods in the market is increased when the demand of the goods increases and the supply of goods decreases and the rate is decreases when the demand is less and supply is more. Just like that the interest of people in the world is increasing day by day due to which the rate of bitcoin is increased because the demand is increasing.

Here some factor make Bitcoin Rise

1. Cryptocurrency adoption is up.
2. Other cryptocurrencies are up.
3. Politics causes people leave traditional currencies.

Trust of users is pretty much worthless since the majority of them don't know what Bitcoin is, and change from perspective alongside the market's fluctuations. In other words, if the price goes up, people are excited and confident. But when the price goes down, like a mid level correction, the excitement and confidence are gone like it was never there. On top of that, the community is quite easily tricked into taking whatever fud that pops up for granted without doing some actual research. So no, the "trust" of the Bitcoin users is meaningless. It may sound harsh, but that's the reality -- there is no need to act soft in this case.

It is very simple and basic theory of economics that when supply is more than the demand then prices dumps while whenever the supply is less than the demand then the prices pumps up. In present time we can see that bitcoin popularity is increasing from time to time. and therefore we can expect that bitcoin price wil continue incrasing for a long long time.

The real reason for bicoin rise due to several factors that affects its value. Just like some investors and traders, the more traders and investor will invest, the more chances of bitcoin will rise. Also, the law of supply and demand in the world market or even the resources of each country, the bitcoin will rise due to the nation's progress. People's mindset having a bitcoin is to invest and to have a good return in the future.

Yes there is no doubt that bit coin is a forum which is providing you a wide range of earning ways without the restrictions of age, gender and strict timing schedule although it is also very east and a profitable job for a house wives and retired persons that they can earn a regular amount without going outside from their homes.

Supply and demand. Speculation. People believe BTC will be something in the future so they want a peace of it. As it is scarse and more and more people want it, the price goes up. For now is pure speculation because the real number of real uses cases can be put in 3 groups and only one as volume to drive price.

1- BTCtlk microeconomy
2- Blackmarkets
3 Exchanges

The only one with volume are exchanges where people are speculating...

The reliability of bitcoin is also a major advantage of bitcoin because the bitcoin is more stable than other crypto currencies and this stability as build up the trust of the investors in it and that is the reason the number of investors are increasing rapidly. Bitcoin is in fact a new emerging currency and it has already given a good profit to people therefore people still expect that they will get good profit from bitcoin and that is also a reason  for the bitcoin to rise more.

Bitcoin is a digital currency which started during the world economic crisis time of 2008- 2009, the bitcoin network has helped many to sustain in the financial market from affecting the financial crisis as the bitcoin network is outside the control of the central government or any financial body. As bitcoin network is decentralised no authority has control over the protocol and the government cannot impose tax on the users due this, transparency and security many users joined in the bitcoin community  and the demand increased accordingly which ultimately increases the value of bitcoins.

No.It just seems that bitcoin is not embraced by all.We know that wall street people and CEOs of big financial organizations term bitcoin as a fraud or a bubble.We also hear the news that jamie dimon after making bitcoin price crash by just tweeting bitcoin as a fraud just bought some bitcoins himself.

Even we hear nowadays that executives related to wall streets no more like to avoid bitcoin since they belong to financial organizations and miss the huge benefits from bitcoins.

So,real reason for bitcoin's price rise is its ever increasing demand due to huge people getting attracted towards it on seeing its huge progress.

Up to now the real reason of bitcoin rise is the demand of the people and interest of the people. When people give it proper attention then the demand of this currency rise and as a result the prices goes up then many countries has started accepting this currency so that’s why the prices are rise very fast and those who invested in this currency at that time and now they are billionaire.

First, anyone who says some variant of "the mainstream media won't tell you this, but..." starts out with a deficit of credibility. Add to that "established economists" and it's even worse. Who more likely has a proper understanding of a very complex financial system, those "established economists" with all their years of intensive study, degrees, etc., or some random armchair quarterback on an anonymous internet board?

That said, I find some of the ideas you presented interesting to think about, as they're framed in a way I haven't thought about them before. One idea I've held for a long time is that there is too much debt in the world, but to tie that to necessitating that all new wealth created goes to a small number of people is interesting to think about. I don't at all buy the conclusion at this point. After all, the owners of the debt get richer through future value creation the debt enables, and the natural remedy for too much debt existing is that future value creation doesn't materialize fast enough to pay off the debt. What happens in that case? The owners of the debt lose their investment, and since they're the rich ones anyway and the two premises are mutually exclusive, one has to be wrong. Either there is not too much debt in the world, or the system is not predicated on all future wealth growth going to a small number of people. The average person has immensely more wealth now than they did 50 years ago, as the standard for what is "average" has risen substantially.

Also, no central bank is purposely using crypto assets as a way to inflate the debts away. What you have identified as a deliberate action by central banks is 1) something they have no control over and 2) not causally linked. Bitcoin price has exploded because it's a bubble because people are caught in a manic cycle. If it was central bank-caused, gold would also be exploding in price as a natural hedge against inflation. A central bank can't choose which hedges rise in value and which don't.

The conspiracy theory doesn't check out.

Yes that's true, the volume of bitcoin is depend on the user who save in their wallet. Well, the pumping and dumping happened when bitcoin user buy and sell the bitcoin. If you observe from small population of bitcoin in previous year and from now with popularity of bitcoin in our society, the price is so huge and continuously increase and increase.

It's sad but true that average people in the developing world really don't have much say in matters of global money.

It's true that they want to get out of their own governments' issued currency which is being debased worse than the dollar.  But where can they go?

If they go to the dollar, the system is working exactly as designed.

Going to gold as a country is a non-starter.  The IMF has a rule that a country will not receive bail-outs if it uses gold to back its currency.  In reality, the US and allies will first try bribing, then political upheaval, then assassination, and finally 'regime change' against any government foolish enough to endanger its main source of power.  (Read the insider account by John Perkins in "Confessions of An Economic Hit Man.")

Going to gold as individuals will work the same as going to Bitcoin as individuals.  The major central banks use derivative trading to suppress gold almost all the time (read "The Gold Cartel" or "Gold Wars.")  The only difference with Bitcoin is that it hasn't reached a price level where the elites can and want to suppress it.

Before Bitcoin reaches that level, everyone, including people in the developing world, is free to profit from it.  In fact, the Western central banks are probably buying Bitcoin.  (Of course, none of this is discussed in any way in the mainstream press.  By the time most people realize the Bitcoin story, it will be way too late for them.)

Yeah, users adapting bitcoin really has an important role in the increase of bitcoin's price. The more user the more the demand it will get and the higher the demand the higher higher the price it will have. And I guess, from time to the the people who adapt bitcoin is increasing rapidly which is a good sign that many people really trust bitcoin.

A lot of people were buying bitcoins as much as they can with the hope to get free coins from bitcoin gold. There are those who may have missed the free coins from bitcoin cash and didn't want to miss the possibility to get free coins from bitcoin gold.
As you can see since, Bitcoin's value has been corrected from the hype

"Coins others..."  You must be French!  Still, my French is not as good as your English.

Based on what I see in news and information about bitcoin, I think that the main reason of the bitcoin why it keep rising is because of the wave which normally happen on the price of bitcoin, as of now you will see that bitcoin price was fall from 300,000 to 285,000 after several days, but after a few days again it will start rising, in this statement it indicates that bitcoin value have a cycle from falling down to rising up and I called it as a wave, I guess also that this cycle has a connection from a demand, because when bitcoin has a very high demand in China it's price was very huge, but at the time that China banned bitcoin its value was surprisingly decrease, this is based on what I observed.

I can't say that I am perfectly right but I think the reason why bitcoin price rises is that through the years bitcoins has already widen its market to different countries wether the developed ones or the third world countries. As the years passed more and more people have proven that they earn from bitcoins and these testimonies encourages more and more people to invest, trade and mine bitcoins making its value higher too.

one of which affects the bitcoin price, is the trust of bitcoin users.

indeed in various European countries have a lot of people who received bitcoin well even there got opens government but sometimes also appears polemic are able to change all conditions originally already harmonious be tension back for example, there are some of the people who refused to the presence of bitcoin in the country to keep the money original remain without replaced by a variety of coin others.

Further development of the theory is coming in future!  (You can only squeeze so much into a piece people will read.)

The major immediate consequence of Bitcoin taking a major role in the system is that the state-bank alliance will continue to run the world.  (Bitcoin holders today might become rich, but not much else.)  What Bitcoin will do (they hope) is to stabilize their system, by allowing them to push through a lot of inflation, to quickly wipe out the debt in the system, so they can start from scratch (in a financial sense.)

The large debt loads around the developed world are the major obstacle to central banks and governments trying to truly 'ignite animal spirits.'  Savers, ie creditors owning a lot of paper wealth, are reluctant to spend and invest because the value of their money is holding up pretty well.  This becomes a 'vicious cycle', since this keeps consumer prices low, and the system can't get rid of this condition until central banks feel free to engineer inflation.

Mainly it happens with demand of Bitcoin. Bitcoin is increasing day by day rapidly for it has great demand and it is almost stable though the price of bitcoin is not stable. If the supply is less than demand, then Bitcoin will be rising continuously.

That is true. There will be always a new elite to rule the world and the next generation can be the earlier Bitcoin adopters who have thousands of Bitcoins. They are the billionaires of the future. I think there isn't anything we can do about it, I just hope the next elite generation will be more decent than this one. It's an illusion to try decreasing poverty if people are unable to think by themselves and to manage their own lifes. It's not only about money, but about behavior.

This world is ruled by the elite and if Bitcoin will ever replace fiat in this function nothing actually will change. One elite will replace by the other, those people who have a lot of coins. I suppose those theory is just the writer's opinion and it wasn't actually finished, because of I don't see all possible scenarios of development of the theory.

The demand is now increasing because of the popularity of bitcoin, in fact bitcoin is now becoming more and mroe popular through out the world and that is the reason that the investors and the users of bitcoin are increasing from time to time. Most of the people are holding their bitcoin which is also a reason which is causing bitcoin more expensive. i sure that in future the demand of bitcoin will continue increasing.

Initially the reason why bitcoin will rise up its because they have a less supply come out over the demand. More over with the people choice weather there coin will hold until its time to invest. Thats why many of those investors intent to invest in putting there money on a bitcoin and help it grow when its rip they earn a big profit.

Sure, a couple of anti-imperial countries have tried to suppress Bitcoin (no need to name names!)  But if the US or allies did this, it would be big trouble for the asset.  In fact, I suspect Bitcoin is probably being supported by the Western elites after the losses from Chinese and Russian actions.

For all of you who think Bitcoin rose because of free-market supply and demand (and thank you for sharing your thoughts BTW,) I have only one question:

Why are the US elites allowing it to rise (if not secretly buying it -- there is some evidence for that)?

They only allow it to rise because it will benefit them -- and this means they are planning to use it to back their dollar, one way or another.  They could easily have tried to destroy it, since truly hard money competes with their money-issuance power, and also tends to cause their bubbles to burst by deflation.

Just remember everything they did to suppress the price of gold.  But they didn't do it to Bitcoin.  Why?

Yes, and I think Bitcoin simply is follows the rules of human development, equipping itself with the advantages that other currencies can not have, surpassing the boundaries between nations.
And importantly it benefits those who trust and invest in it. This proves through process since Bitcoin was born to the present. The future of Bitcoin is very bright!

Well that would be the real scenario and they will back it up with fuds and hype news so that they can create panic and can fully manipulate the market and actually this kind of tactics by the whales is somehow effective since I saw so many different of hypes that affect the price of bitcoins. So we should ride on them if we want to earn and stake wheter the dump is ongoing.

market is influenced by whales only,they decide what value bitcoin will have,or the hype decide what next value it will get. crypto market is clearly different from stock market and it is manipulated solely by whales or mining farms.

I think some factors influence the bitcoin increase one of them is the user's belief in the bitcoin power so it will not let bitcoin down drastically, otherwise a good system has been built by the developer and I think this is the bitcoin power to deal with the issue of negative issues that arise.

The real reason for the rise of the price of bitcoin is about the doubts that has been cleared or gone in the market because if you will see that the price of bitcoin is very low in the past few days because of the FUDs that are widely spreaded in the market so if you really buy at that time then you already gained profit right now which is a reason in why bitcoin is a great investment.

Great opening post, as always. I share the same opinion - our whole financial system is based on debt, we entered the spiral of debt it takes slowly over the everyone's life.
At some point in the future, we will hit the wall, fiat money at that point won't give you anything as it will be worthless due to lack of faith in central banks power to keep everything under control.
Bitcoin as a sovereign currency is an attempt to give some of the power in the hands of the people. As soon as more people will realize it the better our future will be.

OP, the picture you painted sounds more of a hypothesis than statistical fact. It certainly can't be proved. One can conveniently look at the reason for bitcoin rise (as in its popularity) from the fact that it was a rare intention anchored on the internet space at a time when the world is going global. The real money is not cash but intellectual and that is really what has fuelled the Bitcoin. And now that China has banned it, more awareness and frenzy is going to be thrown open on the Bitcoin.

perhaps on the basis of this, which is always a consideration from the government of each country to legalize and adopt bitcoin as the official currency and has a function equivalent to the real currency.

Supply and demand could be a big factors that mostly affect bitcoin price. Rise and fall is just a normal scenarios that might happen in any investment.
Actually price is not controllable because it is totally depend on the flow in the market, and no one will be liable for any changes that might happen.

We should not ignore the role of institutional investors in the growth of Bitcoin. We also have investors organisations having their capital in Bitcoin other individual investors. Their intention is pure speculative gains from this investment and I don't think that $5K rally was a natural rally.

Now coming back to the fiat system, I agree that we have larger a force to maintain the trust in the fiat system and they will even adopt Blockchain technology to improve this system but that won't affect the price of Bitcoin for the long term.

I think it's  a legit news. We follow and observe the recent price fluctuation . It is often associated by experts with speculation on the cryptocurrency markets. I think the increase of price is because the new institutional money are coming to the ecosystem. Not only bitcoin price is up, all major digital assets are up.

Before you consider whether to believe this theory, consider that the core financial markets have never been free in post-Renaissance Western history.

As early as the Spanish global empire of the 1500s, assets were inflated by the massive issuance of debt, payable in physical gold and silver, by the monarchy.  The debt was considered safe since it was backed by the power of the global empire.  If you held physical gold/silver, you lost out on the 20+% interest offered by the IOUs, but lived under the same price inflation caused by this system.  If you bought into the debt, you helped fuel the imperial system of inflation and theft from savers, and helped push the whole system to eventual collapse (and pain for the average person.)

Fast forward to our time -- things have got a lot more complex, but their nature hasn't really changed.  There has never been either true freedom or justice.

Modern history is the story of too much wealth and too little understanding.  We practically beg the elites to abuse us, and abuse is what we get.

A lot had already invested in btc but the catch is sometimes the identity of these investors are sometimes unknown. A lot would say they are into btc but with the certain anonymity of btc, its hard know who invested how much. There are still many btc virtually and i think from this time developers are making blocks to ensure that if ever the supply runs out, there would be other blocks that could be released

When bitcoin getting popular , more company or even CEO try to use this technology since bitcoin can do things that fiat can't do
It's very useful especially in this digital era , everybody need some great innovation on transaction worldwide

Sorry to say, unfortunately, even if the rise of Bitcoin is due to true supply and demand (a big if,) the elites could still kill it over the last few years if they wanted to.  And they can probably kill it today too.  (Remember what Jamie Dimon just said.)

Although one can never be totally sure the elites won't take extreme action, my view is that, (1) they would be at great risk of failure; and (2) why do it when devaluation/inflation is available as a more humane and thus safer solution.  (It has just been made even more appealing by not having to let gold go up too much, by using cryptos.)

The global empire is not the centrally controlled Chinese universe of 1000 AD (which did try and succeeded for a few centuries to use repression alone to support their inflated money system.)  The modern imperial system relies on a combination of hard and soft power.  Neither power is enough, on its own, for success, but the combination has proved good enough.  Believe it or not, the US *is* a freer and more open society, with a freer marketplace, than Russia and China.  The empire can't change its core nature overnight.

Outsourcing and the breakdown of trust in the media have led to the election of Trump.  Discord and other negative energy are not a good thing for people who skim the cream of production.  No, I think we have to give credit to the elites for folding their hand when it becomes clearly hopeless, unless we see more evidence to the contrary.  (And especially since they don't have to look like they're folding.)

The main reason why the price of bitcoin is rising is because the bitcoin is becoming popular all over thw rodl and the demand of the people to the bitcoin is now high. So the fluctuation is the real reason.

The world has started to realize how bitcoins plays in the world today... Many countries have opens its door to Bitcoins or cryptocurrency nowadays... howbeit, the reason for Bitcoin's rise.  The demand has raised since it birth and although many countries want to stop it,  the use of bitcoins has already proliferated... The ease of payment of so, the carrying of cash in our pockets has diminished if not gone ... and all that stuff... lead to the use of cryptocurrency more easy....

Yes, thank you for asking.  It does need to be explained in detail.

Remember, gold was at $35/ounce the last time the elites openly managed the gold/dollar exchange rate.  If they want to attain true stability by openly managing the exchange rate again, gold would have to worth low to mid 5 digits in dollar terms, in order to cover a significant portion of the money supply today.  This would be embarrassing to the elites and their issued money by exposing it as a system of theft by inflation.

Cryptos are thus an almost perfect solution.  They can push/let cryptos rise (hugely) to a level that will allow them to openly manage crypto/fiat exchange rates, and thus achieve good stability, but claim that the reason is the appeal of the new electronic foundation of money, not the inflationary nature of state issued money.

Another major 'benefit' of cryptos is that the supply is actually almost unlimited.  When their state money has been issued too much for their stock of Bitcoin to support, they can gradually add in other cryptos to do the job.  (And that is why they are supporting altcoins from day one.)  They can claim that this or that altcoin provide features that improve on Bitcoin.  Since the variety of possible features in software is virtually unlimited, and later-developed software tend to be genuinely better than earlier designs, their base money supply can expand much more easily than gold and silver -- and thus allowing them to benefit themselves more by issuing money and other financial assets.

Is this a legit news or one of the conspiracy theories that involves Bitcoin. I still believe that Bitcoin Price is rising because of the simple rule of supply and demand.

Well it's not totally embraced by everyone. Every now and then we see a big name CEO or investor come out and say Bitcoin is shit. However, I do agree in the sense that Bitcoin is very very attractive to newer investors due to the insane gains.

Exactly, bitcoin is totally embraced by everyone and create a huge impact to our living and in our economy. There is something in bitcoin that attract more investors and users, and that is of it's promising price. And now bitcoin is still coming back from its fall and it will become more stronger as it will survive from crisis.

From my point of view, so many reasons boost the price of Bitcoin, like the adoption, the increasing number of user cases, the maturity of its principle.

Its one of the reason why bitcoin was getting crash because of the news and added words from translators.
Honestly china are not telling us or shows us that bitcoin are speculative asset.. bitcoin is volatility and it will be depends of the demand and supply. so Before there are few exchanges that you can buy bitcoins but for now like you said there are lots of exchanges now are selling bitcoin and you can buy bitcoins..

Base what op he said that there are other reason why bitcoin rise up again..
And i think this is not a real reason why we are price increase this days. I think this is because of the new regulated law for exchanges.
About license that is why the price is increasing and rising..

The dump after news about Chinese exchange shows us that BTC for a lot of people is only speculative asset. A lot of people doesn`t hold BTC to buy something in real life, but in some years i think you can buy a lot of things in a lot of countries all over the world and BTC became more usefull for buy something, not only for speculations.

That's assuming the end game isn't a stealth scorched earth policy whereby elites favor global depopulation over economic stability.

Years ago a scientist named Dr. Eric Pianka (AKA Doctor Doom) espoused the idea of 90% of the planets human population being wiped out by natural disaster or plague being a good thing for the earth and its natural resources. He was applauded by his peers.

One might say politicians insistence on opening borders, raising taxes, higher spending, greater outsourcing of jobs, greater automation of jobs are designed to crash the system and destroy nations. There hasn't been a real effort made at stabilization. Everyday society becomes more fractured and broken. There isn't a counter culture movement in the opposite direction. Any upside occurring as a result of crypto innovation are entirely incidental and unintended.

It all sounds logical explanation but a question came to my mind when I read, here I quote "Traditionally, that non-state money has been gold and silver.  Today, the (Western) elites are using Bitcoin and other cryptos to play that role". end quote. It needs to be further explained why would they choose bitcoin over gold and silver, for this purpose?

These two may not be directly related to each other, but are both part of the package today as most people are strapped for cash while central banks inject cheap money into the system to prop up and support the expectation for rising asset values.  Inequality is a natural, if unintended, result.

Another way of attaining these two conditions was outsourcing most manufacturing jobs to developing countries in recent decades.  (It might not be problematic if this was due to free-market dynamics, but a major factor in the outsourcing is the artificially propped up values of Western currencies.)


True, as I implied, the elites would love to have inflation now (and for the last 9 years.)  The trouble is they can't have that while maintaining trust in their money, which is the major source of their power and wealth.  (Though they would have both in decent measure in 'normal' times -- that would be where they'd go if armed with a magic wand.)

Simpler is always better, yes, everything else being equal, but (as I'll explain below), it's not.

The major facts are not really in dispute: rising inequality, large debt loads, low consumer price inflation, high asset values (stocks, real estate) and stagnant incomes for the bottom majority in the West.

My weaving of the facts into a theory is based on my study of 500 years of the modern Western system.  I had to come up with it, since mainstream economics and commentators are not about to uncover what is essentially a deceptive global system, even though I rely heavily on the clues they provide, one piece at a time.  The study is careful and detailed, and I've made sure theory is compatible with observable facts in every way.  I have posted many detailed views of this study -- you should find them under my profile.

I would love to have your simple explanation be correct, but, if there were nothing else at work, what Jamie Dimon just said would be true: that governments are just not going to hand over their power over money to a decentralized system.  Not Beijing, not Brussels/Frankfurt/Tokyo/London, and even less Washington, who is the biggest beneficiary of the 'exorbitant privilege' of the dollar.

Currently, it looks like Beijing doesn't want Bitcoin (even though that could be a false flag, will see,) but the Western elites want it.

The rule of less supply over more demand is responsible for such a rise in Bitcoins. Initially, investors started putting their money in Bitcoins and helped it grow with a stable flow by holding their coins then and till date. The day it went into media and became a topic of discussion when prices went 2x from 600 to 1200 put everyone in a dilemma why they didn't invest when opportunity knocked their doors way before. They took the advantage afterwards and are now enjoying their profits, seeing which new investors are getting attracted towards Bitcoins.

bitcoin price at over $3900 right now seems bitcoin recovering fast from that big dump as you can see bitcoin drop almost 30% of the price on the first 24 hrs and that means that china really affect bitcoin price because of those people who panic selling . so when the big whales saw that bitcoin price drop really low. they bought a lot of btc. and that's one of the reason why bitcoin price is rising again.

I think the tail sentence of this theory is not exactly appropriate for me (- "today , the (western) elites are using Bitcoin and other cryptos to play that role). I rather see bitcoin and other cryptos giving riches and ushering anyone who sees the vision of cryptos into wealth.

Btc dump will always just seems to be normal on it's market. Having it fall is sometimes needed to eliminate those who are too scared on its dump and for us to see what btc can do whenever dump occurs.

Bitcoin itself has power to rise due to its strength in whole crypto market. It was dropped due to some big bad news in last week and it absorb that news in just 3-4 days and again start rising and in this rise, it can make a new high. People have faith in BTC and always comes to buy it whenever it start dropping.

But wont these people will the only one who suffer loss if the people lose interest in state economy? Moreover they will get some new competitors here in the crypto world. I dont think this theory is justified from any point.

This is a good point there is really a chance that those people who want to keep their wealth invest in bitcoin and gold. If they are wise enough putting your money in bitcoin prevent them in expensing so much on tax and then they could have high return from this kind of investment, the market of bitcoin grows that's why many people like to be part of this.

Keeping the inflation low and the rising inequality have no relation.
Actually the increased inflation will make the elite more wealthy.The inflation hits the people with fixed income
like workers and retired people.Rich people become richer because of the increasing asset prices.
I don`t think that cryptocurrencies are an alternative to the fiat economy,they are still tied with the fiat economy and we have to make them independent from the US dollar and the other fiat currencies.

Do you have any sources, or is this just a theory?

It seems to me like the simpler explanation is that bitcoin has established itself as an investment vehicle that has been producing ludicrous profits for anyone that has bought and held for any decent length of time.  As bitcoin has become more widely known, accepted, and accessible, more and more people have been piling into it, causing the price to increase.

Central banks and other elites have painted themselves into a corner.  There is too much debt in this world, and all of it is based on fiat money that central banks can print.

The elites must maintain trust in this fiat money by keeping inflation low.  That means, one way or another, all the growth in wealth must go to a small number of people.

But the more inequality they create, the more distorted and unstable the system becomes.  That is, more and more 'fancy' goods and services are produced just to satisfy the whimsical demands by the lucky people.  This demand can disappear any time financial asset values go down.

So central banks must keep financial asset values high just to keep this demand going.  But this only worsens the inequality, and the cycle continues.  Eventually, something will have to trigger a financial asset crash.

The only real solution to this problem, from the elites' point of view, is to inflate away the debt without destroying the trust in state money.  And the only way to do that is to devalue state money against non-state money.  Traditionally, that non-state money has been gold and silver.  Today, the (Western) elites are using Bitcoin and other cryptos to play that role.

You will not hear this perspective from the mainstream media or establishment economists!