Why BTC is so high?

Lothric said:

You have a valid point but seriously? hm... i don't know.. i just don't have enough physical time to invest in investigating what's happening behind BTC market.
One thing I want to point out is: I thought tracking BTC ledger is impossible unless you provide your id?

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I thought the raise in BTC was in large due to ransom ware hacking? Alot of these hackers are demanding payment in BTC. Due to shortage of liquid BTC in the market, strong demand causes big rise in pricing easily. My thought is this, these hackers are not really after the ransom payment as they know well that the authorities will follow the ledger to go after them.

I think they would have already collected/mined or purchase the BTCs much earlier or working in partnership with some instituition that already holds large inventories of BTCs. So when these hackers forces people to pay them in BTC, it creates an artificial demand that forces BTC to raise in value due to missing liquidities. The partner in crime will then be disposing BTCs in the open market as this will ensure that their funds are clean and trail free.

What is your view?

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