I've been watching and monitoring bitcoin for close to 3 or 4 years and I can say this year has been the best year for the crypto and all the investors in the market, firstly, the coin witnessed unpredicted increase in value this year more than any other year before.
I know that the value is based on the principle of demand and supply but I'd like to know what else contributed to the price value and the popularity bitcoin has right now globally.
I think it's because that bitcoin and cryptomarket itself went to far already, and the point of "no return" is passed some time ago.
Thanks to all the media who was spreading "good" news about bitcoin in 2017, that definitely brought a lot of people into the industry.
Ability to gather money through ICO, also brought new investors into crypto community, who enjoys this type of crowdfunding.
I think in the next 5-10 years we will experience a great boost in total market cap, and new all time price heights for top cryptos as well.