The price of the currency is rising dramatically. Let's see what the mainstream media say.

The recent price action of Bitcoin has surprised many mainstream media outlets. Although the cryptocurrency community has been waiting for the day when the price of Bitcoin will soar, others definitely did not expect that this day would come so soon. Bitcoin, like other commodities, is driven by supply and demand. In the past few weeks, due to various economic and political instability factors around the world, the demand for Bitcoin has increased significantly. More and more investors are considering Bitcoin as a financial asset option, and the price of the currency has therefore broken through the $900 mark.

Two months ago, the price of Bitcoin was about $680. Since then, due to the changing market conditions, accompanied by the US election, monetary system reforms in India, Venezuela, Pakistan and Australia, and economic instability in the European Union (EU), Brazil and China, the price of the currency has reached $980.

The rise in the price of the currency has also led to a new high in the market value of Bitcoin, which has now reached $15 billion. Many top international media platforms have reported the news, including Reuters, Channel News Asia, Business Insider, Forbes, etc.

Reuters' report mainly focused on the growth of Bitcoin's market value, and believed that the depreciation of the RMB was the main reason for the good situation of Bitcoin:

At the beginning of the year, the price of Bitcoin was only $435, but now it has risen dramatically. Many experts have linked the soaring price of the currency to the depreciation of the RMB. The RMB has continued to depreciate by about 7% this year.

The BBC attributed the record high price to global political instability, increased demand for cryptocurrencies in India, and the poor performance of the renminbi:

Global political instability and India’s control over the amount of paper money in circulation are also driving more people to turn to Bitcoin.

In the view of Business Insider, the UK's Brexit referendum and Trump's counterattack in the presidency are the inside story behind the rise in currency prices.

This year, safe-haven trading seems to have become Bitcoin's main function, with prices rising during the UK's Brexit referendum in June and the US election in November.

However, the Indian media has always been relentless in its criticism of Bitcoin. After the announcement of the demonetization policy, the Indian public’s demand for digital currency increased significantly, but some media began to target Bitcoin. The Indian Express mentioned:

After demonetisation is complete, the government must gear up to meet the challenges posed by the digital black economy.

The authenticity of some media reports on Bitcoin remains to be verified. They should double-check the source of the news before publishing, and not endanger the innovation and popularity of digital currency just for the sake of attracting attention.

In addition, the recent high exposure of Bitcoin on top media platforms and its price trend can prove that the popularity of this digital currency is constantly increasing. In addition to the securities market, mainstream media has also begun to pay attention to the Bitcoin market. As digital currencies become more popular, we will also see more and more reports of all kinds.