Bitcoin is nearing a record price high of $5,000. 3 reasons have been attributed to this.
High demand in China.
There have increase in demand in Bitcoin especially in the Chinese market and this has reflected in increase in traffic in BTC-China, the largest bitcoin exchangerWider acceptance
Apart from being a means of trade and exchange online, a lot of businesses have come to accept Bitcoin as the means of transaction.Silk Road 2.
The launch of silk road has further raised demand for bitcoin, since you need to have the currency inorder to make purchase on silk road.
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