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.
Well, the only things I can think of are:
- people are tired of the current system and wants something better.
- people wants to have anonymity even if it is just a bit better than fiat.
- people want an easier way of gaining profits fast.
- people got curious about the new trend and wanted to get a piece of the future.
- people convincing other people with broad explanations about the crypto world.
- and of course, the never ending forks that gives free money.
That's pretty much everything i can think of really.