Why is Bitcoin rising? Here are a few reasons

After hitting $20,000 in mid-December, the leader of cryptocurrencies, Bitcoin, has been in a general decline since then.. However, this downward trend started to change as of last week.. Bitcoin crossed $9,000 on Tuesday, approaching $10,000.

What’s going on with this crazy coin? Here is the answer:

The reasons for the rise of Bitcoin can be briefly described as big investors and technological development.

Fran Strajnar, CEO of Brave New Coin, a research company focused on the crypto-assets market and Blockchain technology. , said that Bitcoin continues to rise for a number of reasons.. The US is taking steps to regulate in the form of security tokens rather than commodity assets, and as a result, we are seeing investors stepping up to invest in Bitcoin.”

Strajnar also added the following: