The rise in the price of Bitcoin can be attributed to several combined reasons, including:

1. Supply and demand: The number of Bitcoins is limited to only 21 million, and as demand increases as we approach this limit, the price rises.

2. Institutional interest: The entry of large investors or companies (such as MicroStrategy or Tesla) increases market confidence and raises the price.

3. Economic conditions: In cases of inflation or instability of traditional currencies, some investors turn to Bitcoin as a "store of value."

4. Technical events: Such as the "Bitcoin halving," which reduces the number of new Bitcoins, decreasing supply and increasing the price.

5. Broader adoption: Government or financial institution support for digital currency infrastructure (such as ETF funds) increases usage and positively impacts.

6. Speculation and media: News, tweets from influencers like Elon Musk, or market rumors can lead to sharp increases.