Why did cryptocurrencies all suddenly spike so huge like a month

>>2914633
BTC spiked in 2013 because the US government actually considered it as a ligit currency for the firs time.

BTC spiked this year because at the start of April, regulators in Japan introduced new rules that treated bitcoin less like an outlaw currency and more as a part of the banking system. Also, there was more world wide demand for it.

https://en.wikipedia.org/wiki/WannaCry_ransomware_attack

the idea of a decentralized, non-country based money is becoming more and more popular. this is why idiots talking about BTC crashing back down <1000 are best ignored. they dont get it.

https://en.wikipedia.org/wiki/Silk_Road_(marketplace)

>>2914633
Yeah the spike was easy to predict due to consensus, which was a huge event in NYC with a lot of important Fortune 500 companies coming to speak. What was hard to detail, was so much new money flooding in, that it was causing issues with the block chain. There were issues also with icos unloading after being released

ETH created a new gold rush of crypto essentially. It's where a bunch of the new money originally came from as people moved into all the other coins with it

>>2914643
So Japan alone caused many cryptocurrencies to suddenly rise 2,000-5,000%? What the fuck, Japan, how do you do this?

>>2914669
Crypto is very very small relative to other financial "things" like fiat or precious metals. To date, maybe 10 million people own crypto. As more and more users collect bitcoin, the demand grows pushing the price. Japan is a country of 127 million. So yea.

Fun Fact, if the market cap reached the amount of value as the total amount of gold owned in the world, 1 bitcoin would be $400000.

>>2914670
Still, 20-50x because of Japan is weird.

>>2914745

Not really, if governments show acceptance, they might throw some money at crypto through programs. That'd be big.