Bitcoin is up around 7% as I write this. Bitcoin has been quite stable the last few weeks but has risen rapidly today. Is this a case of the mainstream media increasing coverage of crypto? Or is this some more whales entering the market? Or perhaps people are having a FOMO as the price of Bitcoin stays above $14k US.

However, if the long term view is correct that Bitcoin will keep going up in price, particularly as the Bitcoin miners are struggling to keep up with demand. Buying now if the price goes to a million dollars, will still make a lot of sense. It will not matter if you bought at $12k or $15k if it goes that high.

What do you all think? What is your position on Bitcoin? Is this new long term investors buying in or short term traders taking advantage of the high prices?