Why is the price of bitcoin so high

[mochisamichi]

The supply of Bitcoin is limited to 21 million, once all mined, there will not be further supply of it globally. On the other hands, demand of the same is increasing day by day and same is exceeding its supply, making its value increase every day.

[ginnygray]

That Bitcoin market is giving handsome returns in short time making it more attractive as compare to stock market, thus funds are getting shifted from stock market to Bitcoin market making its value increase every day.

[cherry_no1]

I think there has been many positive comments coming on Bitcoin by Bill Gates, Peter Thiel (co-founder of Paypal) which are promoting its attractiveness. Some sources are also saying it to be more valuable than gold in coming time and some are also saying that its value will touch 10 million INR in 2–3 years.

[thuyvoor]

In my opinion, the total supply of Bitcoin is limited to 21 million coins only, and as the demand increases with constant or decreasing supply, prices have to soar exponentially.

[drufilla01]

One of the main reason is rising interest in cryptocurrencies. Additionally, Bitcoin is extremely secure, using dual-sided cryptography for each transaction, and there is also only a finite amount ever in existence.

[sjyku]

Bitcoin is the world's no. 1 cryptocurrency, the most popular on the Internet. It is an encrypted currency on the Internet. I think one more possibility is the whale hype.

[ipbitrung01]

In my opinion Bitcoin prices are the highest because Bitcoin is the first electronic currency to be released in the world of cryptography. The community is large and wide, the highest stability ...

[roxan iris]

I hold the view that Bitcoin’s surging popularity, demand and growing awareness of the crypto market has all contributed to its unprecedented rise.

[chriselda nina]

Because Bitcoin has taken on the role of a “safe haven” investment vehicle. Certain investments, such as Bitcoin and gold, become favored when markets are turbulent. This is because investors are looking for safe havens, because other investments, like stocks and options, simply appear to be too high risk to invest in.

[eert]

Bitcoin was the first coin, and people first invested in it because there were no other COINS. It is still popular because of the relative stability of the exchange rate, although it has been argued recently.

[altcoinhunter01]

Bitcoin price is high because it is number one and safest investment of crypto currency market and every altcoin follow its. It has highest demand, popularity and face of this market and it is mother of blockchain. Its demand is growing very fast but supply is decreasing so everyone wants to buy it at any price.

[HODLheart]

I don't understand why it works that way.but everyone wants the price of bitcoin and other cryptocurrencies to become even more than now

[louisBSAS]

Price Bitcoin is forced to grow it is the locomotive of the entire crypto market. Now the trends have changed and Bitcoin will not be so fast and without stops go up - he will constantly fluctuate.

[jaggijagjit]

Bitcoin is king of crypto market and base currency of this market. It's price is so high because its demand is more and supply is less. It is fastest growing crypto currency and it is first choice of people to invest in crypto. it is first digital currency which are having potential to gives you high returns in a short time.

[Smack 1]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

I think why bitcoin has so high a price, because this is the first coin that was created. and all altcoin make bitcoin as a rule. other than that bitcoin only created as many as 21 million pieces only. the more step the item will be the more expensive the price. this is what makes the bitcoin price so high.

[numbertech]

I think Bitcoin's demand is higher than anyone thinks. There are many countries that try to accept bitcoin for use in their country. Even the Bank issued bitcoin bonds to invest in world markets. That's why I think bitcoin is very high. 

[alex_kir]

Today we are seeing a short correction, for a further rise in bitcoin prices, it's just necessary, I think that today such a correction will be perceived by the community as another good sign, because otherwise it's not otherwise, I think I'm right

[Shutup]

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers

The price of bitcoin so high is $20000 before but the promising price of this year is $100000 so its really exciting for all bitcoiners to have that cost that we hope for.well be praying that the price will rise up soon.And l want to exoerience the expensive price of bitcoin.l want real bitcoin in my life that will help me thought our dreams.l know its nit imoossible to make me rich in the name of Jesus.

[$Darkloard$]

Recent changes in bitcoin prices are the result of the preparation of the soil by institutional investors for the upcoming launch of bitcoin futures. Now, when bitcoin futures become available, having pre-purchased futures, you can generate a huge number of biconoin purchase and sale transactions to provide such price deviations that will be beneficial for your futures contracts ...

[vancong077]

Because bitcoin is in the highest stronger coins and have more demands in the market, that's why bitcoin price is so high.
and also bitcoin Is the first crypto coin so bitcoin price  becomes more expensive.