What caused Bitcoin to rise above $5000

At $86 billion, Bitcoin's market cap is now greater than 88% of the companies in the S&P 500 but what has caused this rise from a stable price of around $4800.

Bitcoin is here to stay, that much is for sure. Bitcoin is up 74% from its previous low of abojt $2900. But what's caused this gain to break it's previous high just shy of $5000.

There are many explanations such as the rumour of Amazon bringing Bitcoin on their platform, Goldman Sachs exploring the idea of bitcoin desk, geopolitical risk providing the tailwind, the mighty dollar losing its throne and the tensions with North Korea all adding up.

The future is definitely bright for Blockchain and Bitcoin in my opinion.

Thanks for taking your time to read.