Why is the price of bitcoin so high

[mattroibecon24]

bitcoin rising to the top as the first cryptocoin in the world. the rising means there is a lot of demands on it and the business started to beloeve on it and  start inplement the use of blockchain. so bitcoin rising to the top and it will keep rising as many people started invest in cryptoworld.

[ngocchau250]

Its matter of investment we can say Law of demand,more demand prices go up.Most of Business tycoon and showbiz personalities are aware about Bitcoin and invest in it with high amount that's reason Bitcoin demand is high and supply is short so prices fluctuates.

[o12mxasd12]

Bitcoin price is very low few years ago. If you just join now then it is normal that the price is very high since you missed the opportunity to buy Bitcoin at low price. It is the same for every stocks in the market (Amazon,apple,Twitter,facebook). You can buy other cheap coins If you want but it will not be Bitcoin.

[daly896]

Because there is limited supply of BTC and a lot of hype around crypto, moreover some of btc are lost and all these factors make BTC price so high.

[hana_ruby]

Bitcoin is the first among of all the crypto currencies that we have today. It gets high price today just because the demand for bitcoin gets higher. And also the bitcoin is accepted in most of places in the world. Further more altcoin is developed coz bitcoin is limited only and Im assuming that you already knew that.

[loveinberlin]

The price depends on the number of people who want btc, it is high when more people want it, I think that btc is in trend always and more people will want to use it for their needs, I am sure that btc is worth it

[jerrison]

the price of the bitcoin right now is even too low to be considered so high in price. ut has so market features currently playing and i know that it will only take time before it gets back to normal. time will cause great effects.

[ningo]

I think that the power of bitcoin is so great that everyone in this world will soon wish to own some good bitcoins Since demand keep increasing, it is natural economic principles that prices will shoot up very high.Bug this year prices are too  low compared to last year.

[Biitcoin]

Because BTC is not only a coin. It is an idea, a passion, a chance for more people to be rich. It is the beginning of the alternative finance sphere.

[Gleborg]

The high price of bitcoin is in the past. I think that in the next 2-3 years we will not see bitcoin more expensive than 12-15k. And this under the most favorable conditions for a cryptomarket.

[fiubit]

Price of BTC is so high becuase it is the pioneer on the cryptomarket. Its value has being given by members for a long time so all of up and downs were added.

[pergola]

Because BTC is not only a coin. It is an idea, a passion, a chance for more people to be rich. It is the beginning of the alternative finance sphere.

Yes, because the history of crypto currencies began with this coin. Most people even distant from the crypto world know this coin, because bitcoin is often mentioned in the usual media.

[LyudvigDD]

All crypto currency is closely related to bitcoin. He points the course to the entire market. That's why its price is the way it is. Also its origins are very strong team.

[dimonarka]

Due to its unique properties, Bitcoin opens up new horizons of possibilities, which have not been provided before by any payment system.

[DamilolaB]

The price of bitcoin increases every year as the word of bitcoin and blockchain community spreads easily world wide and more users are entering the bitcoin community from all over the planet and due to the digitalization, globalization and easiness of use in this bitcoin technology has also attracted more investors in the crypto and bitcoin market.

[SmithKline]

A frequently asked question on this resource. Yet it is the first currency, and the strongest to this day.

[AoniOn]

A frequently asked question on this resource. Yet it is the first currency, and the strongest to this day.

And besides, the coin is old and it has a very large audience, which supports its financing. Just bitcoin is constantly becoming more complicated, which increases its value.

[maulidin8888]

Some of this time, bitcoin has become one of the investment options for many investors. This is because, bitcoin prices soaring high so that the main attraction for many investors. But in previous years, bitcoin had a spike and decline in value quickly.

[chikucrypto]

My view is bitcoin is most popular coin in the crypto market and people believe in it most . IT is available all over the world easily and investors invest in bitcoin more so these are some reasons  that bitcoin is so high.

[LickKing]

Because when an industry can quickly get a lot of money in a short time, he will have a bubble, so the price is very scary when Bitcoin is the highest, but I believe that the future price is more horrible.