Huge price rises and brutal volatility characterize the evolution of bitcoin (and other cryptocurrencies). There are those who point out that, even this year, it could reach $ 100,000 and, in the longer term, even a million. Although the justifications given for these forecasts are certainly insubstantial.
But Why does it go up? Obviously, because the supply is limited (there is a maximum limit of 21 million units) but the demand is growing, lately by institutional investors. Apart from the fear that central banks, with their strong money printing, will end up diluting the value of official currencies. And there are companies that begin to accept payments with bitcoin or invest directly (Tesla).
What is bitcoin? It is not easy to answer.