Theories about the bitcoin rise

Bitcoin climbed to over $ 8,000 this week - a sharp rise from the $ 5,000 levels at the beginning of the month and almost double the December price. Analysts find it difficult to find a catalyst for traffic.

"Without major events, speculation or factors behind the aggressive jump, this movement remains a mystery," said Lukman Otunuga, Research Analyst at FXTM.

However, crypto-fans have some theories, ranging from probable to completely impossible

Here are some of them:

1. Safe Haven

Big investors may know that the market crash is approaching, times of recession and low returns, for heading to cryptocurrencies.

Donald Trump has spurred a global selloff after accusing China of withdrawing from the deal by raising tariffs on Chinese products and preparing to expand tariffs to other goods if a deal is not reached. Investors may have bought bitcoin to hedge their exposures to conventional assets.

2. Entering institutional players

"Institutions are trying to take precedence over traditional brokers Fidelity, one of the largest funds, will start buying and selling bitcoin for institutional customers over the next few weeks Competitors can buy bitcoin on expectations that when big players enter the market prices will skyrocket.

3. The end of the altcoins

The ICO experiment is over. People are beginning to realize that bitcoin is a much larger idea than the contraceptives of the altcoins and they are starting to buy. If you look at the numbers - one factor would be the turn of the cash flows from the alternative cryptocoins to bitcoin.

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