There are several reasons for the rise in the price of Bitcoin. These include:
1. It is thought that in the near future, everyone around the world will use cryptocurrencies. To put it another way, if someone said 20 years ago that everyone around the world would use a cell phone, it might not seem very believable then. Many feel that this is exactly what is happening here.
2. The number of bitcoins is limited. So even if the price of a bitcoin is much higher, it is not surprising. Because, all the resources of the world have to be bought with that limited bitcoin, so the price of each one will be skyrocketing.
