Why are bitcoin prices going up? Because there's no reason why they should go down.
People who buy bitcoin are largely trying to buy in "early". This raises the price, which makes other people want to be in "early". This raises the price, etc etc etc.
Bitcoin has legitimate uses, but most people who buy crypto don't plan to use it. They plan to sell it. And they rely on the newcomers to inflate the price. Very much a pyramid type model. I think the most real threat is legislation restricting its handling.
Until then, bitcoin price is not going to stop rising.
People who buy bitcoin are largely trying to buy in "early". This raises the price, which makes other people want to be in "early". This raises the price, etc etc etc.
Bitcoin has legitimate uses, but most people who buy crypto don't plan to use it. They plan to sell it. And they rely on the newcomers to inflate the price. Very much a pyramid type model. I think the most real threat is legislation restricting its handling.
Until then, bitcoin price is not going to stop rising.