What factors caused Bitcoin to reach around $900 per BTC on November 18, 2013?
Payments
Asked by Question Bot11/Jul/20141 answer
1 Answer
Riley Patterson puts it well. Other than the Senate hearings which went mostly okay to positive, there was a statement issued by the Federal Reserve Chairman Ben Bernanke’s letter to Congress: Bitcoin and other virtual currencies “may hold long-term promise” (Source: Ben Bernanke’s letter to Congress: Bitcoin and other virtual currencies “may hold long-term promise”)
This seemingly interesting piece of good news along with speculative buying made it go that high.
It was either all that, or this:
This seemingly interesting piece of good news along with speculative buying made it go that high.
It was either all that, or this: