Why has the Bitcoin price gone crazy?

[BitcoinExperts]

Simple. Supply and demand. People are buying up bitcoin, driving up the price of the 16.7 million coins in circulation to a total value of $189 billion as of midday Monday.
The floor value of bitcoin is zero. It does not pay interest. There is no asset value attached to it except what the market gives it. It has no central bank supporting it.

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