What is the logic behind Bitcoin's surge?
Bitcoin is the first cryptocurrency fully based on blockchain technology, characterized by decentralization, immutability, and anonymity. This gives Bitcoin immense investment potential. First, the instability of traditional financial markets drives many investors to seek more secure and value-preserving investment options. The limited market supply of Bitcoin gives it a degree of scarcity, which is one of the important reasons attracting investors.
Secondly, Bitcoin's price volatility is immense, providing investors with high-risk, high-reward opportunities. Significant rises and falls within short periods have attracted a large number of investors, further pushing up Bitcoin's price. Additionally, the trading liquidity of Bitcoin globally is continually improving, allowing more investors to participate.