Reasons Why the Bitcoin Price is Booming

Bitcoin is booming as believers and skeptics alike watch on.  Some influential people have been giving their opinions regarding Bitcoin – calling the cryptocurrency anything from “fraud” to “bubble” as well as predictions that the price is “heading towards $25,000”. There are a number of reasons why Bitcoin has so rapidly escalated during 2017, a few of which are highlighted in the short video below.




Graph showing growth over the past 12 months – Cryptocompare



Japanese Yen buying the lion’s share of Bitcoin



Top 10 Drivers of the Bitcoin Price






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