Why Is Bitcoin’s Price Rising? Here Are a Few Possible Answers

What’s behind this current run-up in the price of bitcoin? That’s a question for which many people want a definitive answer. So far, one unifying theory is tough to come by.

What we do know is that since mid-October the price of bitcoin shot up from the $11,000 range to the cusp of $19,000. And while prices are a few hundred dollars shy of its all-time high, bitcoin’s market cap recently set a record by breaking above $345 billion; since the mega-rally in 2017, more bitcoin has been…


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