Why is bitcoin going up?

The primary factors influencing the upward trend of Bitcoin include:

  • Increasing adoption and acceptance by mainstream institutions and individuals
  • Perceived store of value and hedge against inflation
  • Scarcity and limited supply due to halving events
  • Global economic uncertainty and geopolitical tensions
  • Investor speculation and trading activity

Last updated 10/10/2023, 12:50:12 PM

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