The main raeson for the skyrocketing price development of bitcooin is basically the power of the network, which has an exponential devlopment as Moore's law predicted.
"Moore's law is the observation that the number of transistors in a dense integrated circuit doubles approximately every two years."
"Moore's law describes a driving force of technological and social change, productivity, and economic growth."
Source: https://en.wikipedia.org/wiki/Moore%27s_law
Cheers, @raykroc