3 Reasons Bitcoin Is Surging
Bitcoin's (CRYPTO: BTC) price is up almost 40% in the past six months, and it might be going even higher soon. This trend is not simply random fluctuation in the asset's price.There are at least three things that are driving the coin's surge. All are likely to continue, so let's take a look at each.Many investors like to think that an asset's value is determined by its fundamental attributes rather than the flighty emotions of our fellow investors. It's a nice idea, and it underpins all financial models. But it's bogus, especially when it comes to a high-profile asset like Bitcoin.Continue reading
Bitcoin's (CRYPTO: BTC) price is up almost 40% in the past six months, and it might be going even higher soon. This trend is not simply random fluctuation in the asset's price.
There are at least three things that are driving the coin's surge. All are likely to continue, so let's take a look at each.
Many investors like to think that an asset's value is determined by its fundamental attributes rather than the flighty emotions of our fellow investors. It's a nice idea, and it underpins all financial models. But it's bogus, especially when it comes to a high-profile asset like Bitcoin.
