Why bitcoin so expensive?

[zais]

Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

Bitcoin Expensive due to too many requests while bitcoin's Stock Limited to even get 1 BTC is difficult. From there bitcoin becomes more expensive, because everyone wants to get bitcoin because the price is always sharply skyrocket and for the use of shopping is very easy.

[sergio red]

Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.

everythings price depends on demand and supply. even this happens to money market as well.when demand for goods increase and supply remain constant price increases.same thing happen to money market.
we know that bitcoin is limited and its demand is increasing.as a result price is increasing. and if demand fall price will decrease. there are some reasons behind investing in bitcoin and these reasons are behind increase in bitcoin demand and price.

[RIYA0001]

Bitcoin is expensive as there is large no. of  bitcoiners in comparison of no. of bitcoins due to which there is a large demand of bitcoin . it is also a global currency which also makes it expensive .

[s31joemhar]

Bitcoin comes very expensive since no one actually manipulates it's price but there are a lot of investors investing each day on Bitcoin. Not only those big investors, lots of pioneers too!
And mining that creates a lot of Bitcoins each day! So for me, bitcoin is expensive because of it's investors.

[--DarkSecrets--]

The law on demand and supply of bitcoin greatly affects its price. We all know that demand fo bitcoin is very high especially that technology and internet all over the world is rapidly growing. Bitcoin is so famous that various people in many countries gets interested with this. 2nd, I think there is no sufficient minings that makes bitcoin supply lower than demand.

[Jigsawman082076]

We all know that bitcoin is very expensive to buy today because its been always all over the news about the steady increase of bitcoins value in the market which in return many individuals and organization try to get their hands with bitcoin by investing on it as much as they can especially today the crypto market is bleeding out which also which also resulted to bitcoins market value into its lowest value so many investors can afford to buy as many bitcoins as they can.

[Ramtapsbtc]

The law on demand and supply of bitcoin greatly affects its price. We all know that demand fo bitcoin is very high especially that technology and internet all over the world is rapidly growing. Bitcoin is so famous that various people in many countries gets interested with this. 2nd, I think there is no sufficient minings that makes bitcoin supply lower than demand.

Yes i agree with you, with the rapid increase of people getting to know bitcoin and being interested in it makes the price expensive because many now are wanting to own bitcoin so the demand is high.

[Lauff]

Bitcoin is very expensive right now because of demand . A lot of people also a lot of investment in bitcoin so that the price of bitcoin rise so HI. But time will come price will go down.

I think because Bitcoin continues to attract many people or investors prefer to join or invest with bitcoin. And I think because the popularity of bitcoin makes bitcoin expensive