Experts attribute a sharp increase in the bitcoin rate to the event that occurred on April 1 in Japan: officially recognized bitcoin as a payment instrument. However, there are other factors.
One of the main reasons for the growth of bitcoin is that in April it was actually legalized as a currency in Japan. This attracted a huge number of Japanese investors.
In the media there is mainly negative information about what is happening with bitcoin. Only large failures are widely covered: when a certain exchange is hacked or when illegal transactions occur with bitcoin.
Course growth is normal. I consider interest in bitcoin not only due to speculation on its price, but also with its breakthrough in the sphere of finance.
When the price rises, it gives a positive signal to the whole ecosystem - obviously, when the courses fall, it does not bode well.
If the price grows too fast, if many run to this signal to quickly enrich themselves, then some may lose their money - after the peak the rate will drop dramatically. In itself, the rapid growth of Bitcoin is nothing wrong, but personally I prefer that it grows more slowly - as it becomes legal in a larger number of countries and it starts to be used more actively.