After much research Ive essentially found out that the Chinese see Bitcoin as a retirement investment. Due to a recent influx of local Chinese TV specials many of its citizens view it as a safe bet. That translates into the price per Bitcoin raising daily. More and more people are investing to secure their futures. Not to mention the growing number of merchants accepting them as valid forms of payment. Not just in China but all over.
However with all this investing economists warn that this could cause the market to become unstable. With so many investors who is actually using is to spend? Basically because the price is driven so high (mainly by investments) it could bottom out at any time. People could just cash-in, Bitcoin would crash and it could be right back to its original price of just pennies. Only time will tell if it will be a solid investment or just a passing fad.