Why Bitcoin has hit a high ? More than 400% this year

Sustained Strength
The price of Bitcoin consistently traded at elevated levels in recent months fluctuating close to $4000 for a few weeks in August. It is just because the other Altcoins price values are decreasing. Rumours has it that Bitcoin themselves are buying their cryptocurrency and selling it at a higher value

In India only a few people know other cryptocurrencies
I still remember the time 5 years back, my friend and I were discussing on digital currency and when we searched Google, we got Bitcoin and we thought it was illegal and did not buy the same. That time the Bitcoin price was $13. I would have become a billionaire if I had invested then

Media hype
There was a rumour sometime this year that the Bitcoin will reach its saturation rate when the price will touch 1 million. Yes you read it right - 1 million.