Why is the price of bitcoin so high

[Bobocantik]

It is so high now, one of the reasons can be caused by demand. Bitcoin on all social networks. Almost all speak about the huge profit in bitcoin, and suddenly almost all people want to have BTC on the purse. Another - BTC widely used in trade in altcoins.

[jdkfy]

The value of Bitcoin comes from the objective resources and labor that people invest, such as computing power, applications, etc. The value of Bitcoin also comes from people’s subjective recognition. At least, at present, there is a group of people in the world who agree with Bitcoin. value.

[loung3e]

the most reason is the increasing demand and decreasing supply every day and we see results into increasing price
but now the price not too high, but soon again I think

[lamacchia]

The bitcoin supply is limited and the rest of the coins are still in mining. It also popular which almost people want to invest in them, there are so much btc that hold and never been traded. This make the price flies.

[hjfjmk]

Because it is the initial cryptocurrency, its status in people's minds cannot be shaken. It has become the belief of many people. People's support is also one of its sources of value.

[Xhero]

I think there are a lot of investors investing in it, and its price will be so high. And this market needs to rank according to the currency price, it wants to be the first in this industry, then it will continue to rise, will not be surpassed by other currencies.

[rodicadior]

I think the price of Bitcoin is growing because of the influx of more and more new investors. Look at how many new crypto-exchanges are opening, how many new ICO projects. Cryptocurrency audience is rapidly increasing. Everyone wants to make money on nothing. Just buy bitcoins and wait until the rate grows 5 times.

[david tien]

i think this because CBOE Global Markets and CME Group are launching new futures contracts on December 10 and December 17, besides that many people start buying bitcoin to make a profit

[chard lie]

Because bitcoin is the first. It will be the most expensive of all crypto currency. Although there are many altcoyins that technologically excel bitcoin. But bitcoin is like digital gold.

[juliasomething]

The price of Bitcoin is high and it will only get higher. The more we talk about it, the more awareness it gets and the value rises.
The explanation is the basic economic rule of supply and demand. What makes Bitcoin different and therefore more interesting, is that there are a finite amount of bitcoin. A good chunk are known to be lost and the rest are now being trade because it is considered to be an investment.

[topkhai]

Bitcoin prices are determined by supply and demand. Bitcoin prices are determined by everyone who has Bitcoin (whatever the amount).
# If you have Bitcoin right now, you are among the people who determine the Bitcoin price.
# If you buy more of Bitcoin, you have contributed to amount Bitcoin demands, so the price will move up. and
# If you sell all your Bitcoin, then the price will move down as the offer increases.
# Based on different selling price and purchase price of millions of merchants, then the middle price between demand and offer price is bitcoin price at that time.

[nana2955]

Market capitalization again went on the decline . I think this wave will be short ,it's time to grow the market as a whole . It is now possible to consider assets for purchase

[24Kilo]

Bitcoin is the first digital coin and is the king of crypto,That's why bitcoin prices may be more expensive .

[BitcoinCazh]

bitcoin is first coin, before like now bitcoin just coin cheap, but every years bitcoin more popular and thats altcoins lauch for alternatif from bitcoin but thats moment the prices of bitcoin already high, thats why bitcoin and altcoins have different about prices so far

[Feelgirls]

it depends on the trend and now is btc bull run meaning there are lots of investors on bitcoin and the higher the demand, the higher the price

[samantha89]

Probably because bitcoin is the first coin in the digital currency. and other causes is because bitcoin is growing so popular and known to many people around the world, so many people are using it. and maybe that's why the bitcoin price is high.

[Winedmeel]

i think its because of popularity and demand of it and it has a high value per btc and its getting more attention in many investors to get in there.

[StevenPop]

Probably because bitcoin is the first coin in the digital currency. and other causes is because bitcoin is growing so popular and known to many people around the world, so many people are using it. and maybe that's why the bitcoin price is high.

This right here. A lot of people forget to give bitcoin its due credit for being the first cryptocurrency out there, which means it basically paved the way for all of the other cryptocurrencies in the market right now. Bitcoin being the first coin and that coupled with the fact that it grew increasingly popular over time and the demand increase is what made the price so high.

[Zelezinskyi]

Bitcoin is priced high now as traditional investors are turning to investing in crypto and especially bitcoin. This causes the bitcoin price to increase continuously. In addition, the amount of bitcoin is very small, so it increases the bitcoin's value.

[ritiktakyan01]

Bitcoin is the world's first digital currency. Bitcoin's Limited Cap supply is Fixed Investor is more. They are more adoptions to the bitcoin itself to pump the bitcoin's price.