Bitcoin’s price is increasing due to growing demand, institutional investment, scarcity, its role as an inflation hedge, market speculation, positive media coverage, technological advancements, global uncertainties, and the network effect. However, it’s important to remember that Bitcoin’s price is highly volatile, and investing should be done with caution and careful consideration.

  • FaceDeer@kbin.social
    1·
    8 months ago

    The article link just goes to that image in the thumbnail, not an article. And the summary text is the most basic possible - “Bitcoin’s price is going up because demand is going up for various generic reasons and it’s scarce.” I think something’s missing here.

  • Hemi03@lemmy.blahaj.zone
    1·
    8 months ago

    Bitcoin holds no tangible value. Its a waist of recources and most users will lose there Money. It reminds more of a Ponsy scheme than a currency. Begone crypto shill. I spitt on you.