Today the Bitcoin price has jumped from 835 to 875 on Bitstamp.net. There could be a few reasons to the current spike in the Bitcoin price. My predictions are as follows:
1. It’s January – Most stock markets are rising during January, same principle can be given to Bitcoin.
3. Wall Street Investors told in the fall of 2013 that they would move into Bitcoin in 2014 Q1.
4. Overstock.com is adding BTC, same has Porn.com, Zynga and etoro.
5. No current bad news about Bitcoin regulation. (However, stay updated on the report by the US Government expected to come out in January.)
What do you think is the reason for the current spike?