There is a good deal of debate about what drives the BTC price and what does not. Here are some thoughts on this.In the last few weeks, the milestones are falling one after the other. While Bitcoin was (briefly) at less than $10,000 at the beginning of September, the world\u2019s leading crypto asset has risen sharply in value, and the night to Sunday has now long since reached the $13,000 mark again. The last time this happened was in July 2019, if you follow the CoinMarketCap data. At that time, the price was only held for a short period of time, only to plunge again afterward.However, in the crisis year 2020, Bitcoin\u2019s curve looks a little different from in previous years. 2018 still showed the offshoots of the crypto-hypes that spilled over the globe from fall 2017, and in 2019 BTC oscillated between $4,000 and $13,000. In 2020, however, the share price (with some corona dents) is naturally pointing steadily upwards.The market capitalization of crypto assets, in general, is also exciting: it is now almost 400 billion dollars \u2014 the last time this was done was in May 2018. Although it can be said that some new assets such as Chainlink (LINK) and Polkadot (DOT) have enriched the market, in reality, they are just drops in the ocean with market caps of 3, 4, 5 billion dollars. The crypto market, which is still dominated by Bitcoin \u2014 market dominance is increasing again and is now 61 percent.There are, of course, many factors that contribute to growth, and there is a good deal of debate about what drives the BTC price and what does not. Here are some thoughts on this:Institutional investorsWhether the Vienna Stock Exchange, Square, PayPal, MicroStrategy, or Raiffeisen Bank International (RBI) \u2014 large companies are pushing into the\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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