5 ms·

What's caused the price to rise so much the past few months?

• bastijn 9y ago
  Accepting by major parties and even speculated governments (Japan I believe) was one. In generic, being able to spend it in more places as well as people seeing the potential of trading in it.
• konceptz 9y ago
  It's also being used to hide cash in China. http://www.cnbc.com/2017/05/23/jeff-gundlach-has-a-theory-on-why-bitcoin-is-surging.html http://www.cnbc.com/2017/05/23/jeff-gundlach-has-a-theory-on...
• ihalip 9y ago
  IMO, this happened because of the Ethereum ICO fever. While there are a number of exchanges that allow you to trade USD -> BTC, there aren't as many that allow trading USD -> ETH. So there are people who might have traded USD -> BTC -> ETH, and this increased demand for BTC.
  • eightysixfour 9y ago
    You can check this thesis pretty easily: https://coinmarketcap.com/currencies/volume/24-hour/ https://coinmarketcap.com/currencies/volume/24-hour/ As you can see, ETH <-> Fiat pairings have more volume than BTC -> ETH right now.
• matt4077 9y ago
  Speculation. FOMO.
• paulpauper 9y ago
  erethium yes, but other factors too: Bitcoin is a form of safety and asset diversification in a world of economic uncertainty. Wealthy foreigners like bitcoin because it is in many instances safer than keeping money in a bank
  • pmontra 9y ago
    Foreigners relative to which country?