Demand grows, but the bitcoin supply is limited. Price increases. Also, after each halving the bitcoin miner payout gets cut in half, so price has to increase f

Demand grows, but the bitcoin supply is limited. Price increases. Also, after each halving the bitcoin miner payout gets cut in half, so price has to increase for the network to stay alive. BTC follows the stock-to-flow model pretty accurately https://www.lookintobitcoin.com/charts/stock-to-flow-model/ https://www.lookintobitcoin.com/charts/stock-to-flow-model/