Bianca
Mon Jul 15 2024
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7 answers
1455
Why has bitcoin risen 200% over the past 12 months?
With the ongoing digital revolution, cryptocurrency enthusiasts have witnessed a remarkable surge in Bitcoin's value. Could you elaborate on the key factors behind this staggering 200% increase in Bitcoin's price over the past 12 months? Has it been driven primarily by increased investor interest, institutional adoption, or is it a combination of various macroeconomic factors? What role has Bitcoin's limited supply and decentralized nature played in its price appreciation? Furthermore, what are the potential risks and opportunities investors should be aware of in this volatile market?
