[hw]

supply vs demand. More and more people are getting introduced to bitcoin, understanding it and buying into it. There's also a cap on the total number of bitcoins, so scarcity is another factor. Just like why gold is worth X instead of X/2

[geezerjay]

> More and more people are getting introduced to bitcoin, understanding it and buying into it.

That's pretty much the definition of a pump-and-dump scheme.

[vasilipupkin]

ok, but gold sometimes is worth X and sometimes X/2, if you actually plot the chart of gold. Gold is not exactly a great investment