Demand

While early adoption was limited by technical difficulties and legal gray areas, the increasing number of uses and public awareness has increased demand. The number of places accepting them has spiked in recent years and is likely to increase alongside institutional acceptance of the currency. As the usefulness of Bitcoin increases, so does demand for them, especially when access to banking is limited.

On the downside, a large amount of the demand for the coin continues to come from speculators who buy the coin in hopes of it increasing in value. Also, a fair amount of the demand is for questionable activity.