Why is the price of bitcoin so high

[hoseg]

At present, the development of information technology and the popularization of the Internet have facilitated the public's understanding of Bitcoin. Although Bitcoin and other virtual currencies have certain risks, users are advised to invest rationally; however, the rising price of Bitcoin will only attract more and more users to participate in Bitcoin; and the risks involved will even be And so on.
At the same time, different countries’ attitudes to Bitcoin are also a major factor in the rise in Bitcoin prices.

[Tanzion27]

There's no doubt that the Bitcoin is the Mother of all the Coins out there. And because of that it is also the pioneer in cryptocurrency the most trusted one and the best among the rest. Try to search in the Internet for more info.

[Sandeepmanwall]

It was the first digital currency which means that it had somehow established itself compared to other coins. Another is the number of investors that bitcoin has, due to its popularity and reputation.

[paramex]

Bitcoin overall crypto industry, Therefore, all investments in it. And the fact that you can go through BTC. , and with it being a new idea supported by people, they begin to mine and buy, and thus lead to High Question Questions. Do not get it anymore, and make the price go up, which makes the more famous bitcoin higher.

[Falgorn]

The price of bitcoin is difficult to compute with the help of classical means of economic analysis. Moreover, bitcoin itself can cost zero dollars, and its real "weight" is determined solely by the degree of demand for the settlement system.

[Marry Finch]

Bitcoin is very different from gold or official currency, since it is not related to the interest rate. It is more like a payment network, where there is no commission for transactions. If no one uses the technology for payment, its value will be zero.

[bigblackdeck45]

Bitcoin have become a household name and has established its dominance over the crypto world for the longest time already. People have more trust over bitcoin because of its track record than any other new crypto that have recently pop out. That is why bitcoin price is higher than any other crypto. Plus there are more investors on bitcoin than any other crypto and that adds up the demand for bitcoin. More demand equals higher price.

[Karakyli]

The price of bitcoin is determined by the ratio of demand and supply; this ratio can largely depend on the prevailing moods and trends prevailing in the market.

[gernoto]

Yes definitely because it was the first one and people are looking for bitcoin for the first time they know about cryptocurrency. Beside that so many transaction has been made by bitcoin, bitcoin already used by many peoples.

[Marucya]

Considering that the algorithm embedded in Bitcoin limits its emission, its high price will become fully justified.

[superloy]

Popularity attracts investors, and with the help of society and social medias, bitcoin is undeniably the most popular among all crypto currencies because when they study altcoins, they always encounter bitcoin. And due to popularity and demand, the supplies are limited which also caused the price to go up. Bitcoin will always be tacled even if they first encounter a certain altcoin.

[idioma1]

Yes, it is mother of all altcoins  that is why the price is so high

[Delgadobitpay]

Rigidly limited by 21 million coins, the volume of bitcoin emissions manifests itself by analogy with gold. That is, its price will grow during the crisis periods and fall in prosperous times.

[passwordnow]

There's no doubt that the Bitcoin is the Mother of all the Coins out there.

Mother, father, king or any title will do.   But only one thing, yeah there's no doubt that bitcoin is the foundation of all crypto's.

And because of that it is also the pioneer in cryptocurrency the most trusted one and the best among the rest. Try to search in the Internet for more info.

It's the starter of the crypto market and as a pioneering it gathered a lot of investors and this is now the start of financial revolution that will breakthrough fiat system so it's the reason why it's price is so high considering the supply of it which is only 21 million.

[Abigail Black]

Bitcoin assumed the role historically assumed by gold for those people who do not trust central banks, governments and fiat currencies.

[Clack hulk]

People see the potential and value of it leading to high BTC prices

[keloy cavajan]

People buy in large quantities push the price of BTC high

[Valerianbit]

The main demand for bitcoin is made mainly by those who see it as a source of easy profit. However, how fast will it take off, so fast will be its fall.

[skillink]

No real or fake coins, all coin prices depend on demand and supply of coins. Incidentally Bitcoin is the first coin so many people who entrust to Bitcoin.

[efey39]

the king of this market btc. The world of cryptographic currencies is full of opportunities. all deals are still connected to btc. You can get subcode via btc. so important btc