Quote:
Originally Posted by mhende6600
can someone explain why it keeps going up?
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While there are likely a lot of reasons, one of the main ones is supply and demand. It has gone up so much in the last year it suddenly has a lot of attention from the mainstream. I read an article yesterday that said hedge fund managers are now buying bitcoin. At the moment it looks like a fast, easy way to make some money. Because more people are buying and there is only a limited number of coins available, the price of them goes up as the demand goes up.