Definitely right.Bitcoin has boomed reaching its peak price due to the users and investors demand.As soon as they will continue to use bitcoin,then for sure it will also continue to grow making it more reliable and a very good source of income  for the bitcoin users and lovers.

Agreed. As popularity increase, price booms. It is explained as supply and demand in the economy fundamentals. if demand grows more then supply then price increases. very easy.

Various explanations were provided for bitcoin, in specific people who doesn't experienced the goodness of bitcoin indicate it as a boom same as that took place when the internet Revolution took place. In reality the growth is true and nothing seems to be a boom to burst anytime.

Well I think it slowly gained acceptance after the Mt. Gox crash in late 2013. Confidence was for sure shaken after that and it took a while to recover from that whole incident. Once people knew that wasnt going to happen

again there was confidence in the market and the big boom happened after all the bear years. Should have been expected eventually if you follow markets which the crypto markets are no different.

There are no specific reasons to boom in bitcoin. but it is seen from the last two-three years, its price is increasing as many people are interested to invest on bitcoin.

Bitcoin's influence have reached more people as time goes by with the help of people using social media platforms. As a result, many have been curious and gave it a try. And so the law of demand and supply kicked in. Aside from the demand and supply I cannot think of any reason for its boom. I guess it's just a matter of how the demand have risen. I think what contributed more is the help from well known personalities who supported and promoted btc in any possible way they can. Nowadays most people are being fanatic that whenever someone they idolize endorses or promotes a brand, they will definitely buy it. Same goes with btc, if you heard Bill Gates talks about btc you'll definitely wanna know what that is and then maybe purchase some of it. And there are also others who are just simply want to get on the bandwagon.

One reason I think is because many people are using social media and because many are posting about cryptocurrency, they will see it and jumped into it. This year many people are being involved into bitcoin and because of that, the demand will be higher and the price will increase. This year is so far for me the best year.

First it is bitcoin's traits, being a faster transaction, having anonymity, being more secure than banks, and of course bitcoin's volatility, however though we have a good investment, it will still not be possible without it's technology, which block chain, it is a revolutionary technology that allows us to determine how much Bitcoin we are getting or being produced and is also being used now by a lot of ICOs. The second think see, is controversy, if Bitcoin was not being publicly harrased, Bitcoin will not gain any publicity, since a lot of people had bad mouthed Bitcoin, it only made matter worse for them, after they bad mouth Bitcoin, the more the people became curious and invested in Bitcoin. Third, I think are the enthusiasts, it was them, that really made the first investment back then, not the controversial criminals we hear about, that are running the deep web, they were the ones that bought a lot of bitcoins, for the fun of it, but now, what they have already costs a fortune, and a lot of people wanted to do the same, that's why they follow their footsteps.

I think the caused of Bitcoin price going up like crazy is because of the upcoming fork and the interest of investors to have profit on it. Having a Bitcoin in a Bitcoin address will give you free fork coin after the fork which means free cash if that coin will succeed in the market just like eth classic and bitcoin cash.

There no other thing that influences its market value to be as high as this , no other than the demand that it is getting from the market. Ofcourse there are lots of factors which makes the demand high but the thing here is that, as its market value is getting higher, the root is that the demand is also getting higher.