Bitcoin will go to the moon. People are so invested in it that they want to see it rise exponentially no matter what up until all coins have been mined. Bitcoin will not go away until all have been mined, then everyone will sell asap.
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You are right. The price of bitcoin is rising because the mining is becoming more and more difficult. When mining becomes difficult, then coins generation is becoming less. Demand of public increasing and supply of coins are decreasing. Experts says if this situation precisest, then there is no doubt that its price will touch 6 figures with in 5-10 years. Celebrities like John Cent and many other investing huge investment in bitcoins. So, these are the factors of rising price of bitcoin.
Hope you will upvote my post.
Regards!
CryptoGuru