Why is the price of bitcoin so high

[MadonnaLover]

Too many people want it, and the people who have it are so egoist that they would give away their bitcoins for free.

[Aljay7]

Bitcoin is the most popular coin in the whole world compared to other altcoins,and also bitcoin has many investors that's why it keeps improving and got a higher price.

[zulkarnaen]

The high level of demand for bitcoin in the crypto market certainly has an impact on rise in bitcoin prices that are currently increasing significantly toward $ 10,000.public confidence is so very high on bitcoin to invest in it certainly brings a positive effect on progress of bitcoin that can't be denied if this year is the year for to rise of bitcoin.

[lukmankhan25]

The thing that greatly affects the rise of bitcoin by leaps and bounds is, people all over the world are hodl bitcoin. do not sell it too early because it sure bitcoin will continue to rise from year to year.

[di.ako.toh]

In my opinion, Bitcoin's price got so high, because of its demand to users, the greater demand of bitcoins the lesser of its supply because of limited resources. Due to scarcity of resources, price would get high to accommodate the needs of bitcoiners.

[digaran2]

now the btc price is so high!
i think this just becaue that more and more people find the btc value and want to hold some to get great profits!

[nethan1btc]

now the btc price is so high!
i think this just becaue that more and more people find the btc value and want to hold some to get great profits!

There are so many Bitcoin today because many people are getting more involved in investing it, the price of crypto is based on the demand of coins, so the bitcoin demand is constantly rising as the reason why bitcoin is priced rising. But there are still some alternative coins that have the potential to increase their prices that can attract investors. But for me it is even better to start investing in bitcoin, because if you notice that bitcoin is very fast with the price increase as compared to last year.

[GambleTime]

Supply and demand, people is buying to hold so expect the price to keep increasing if this goes on.

[dirgayeah]

Bitcoin are the real one because bitcoin are maestro of all the cryptocurrency.
And this Hardfork just made the bitcoin going to the PLUTO 
so collect all coin and exchange it for bitcoin.

[babarian]

bitcoin prices are very high because of the limited number and many people who want to have it so bitcoin prices become expensive because it is so fought

[parassinghal]

Because its the first currency in crypto world and got this much popular. So its in high demand. And its the basic rule of market that as much as the demand is high and the supply is lesser, the value of that thing will definitely increase.

[Chaocheng]

Being the first cryptocurrency,  and as a result of the General acceptability...

[Turkiwi]

prices are something relative. You're seeing right now BTC trading at about nine thousand and you think that it's a big deal, like expensive and should be less cheaper which if it was, you would buy it. But you forget that there are only 18 million BTC's out there. This is really not a lot and there are many people who want some BTC, so it's natural that the price is that high, but that doesn't mean by any way that BTC is expensive. People confuse the price of something with being expensive or not, without considering the price in relative terms. Ten thousand per one bitcoin is really cheap if you think about how many people will want to buy it in the future, and how many people will have bought it, it will eventually rise even more and when it reaches to hundred thousand people will probably still keep on buying this.

[metribitcoin]

Because demand continue increasing from around the world and also because crypto become trend and  popular now. But the supply of Bitcoin only 21 million, and in some country like Japan Bitcoin is regulated so will be more and more demand come.

[hoeda]

Because, much of digital payment systems now. In addition, bitcoin also began to upgrade/improving existing infrastructure systems.
So other countries are getting enthusiastic about it.

[Toden1379]

One factor that could explain bitcoin’s growth in popularity is the lack of external regulation and control from big banks.

[JoBiLee]

The price is so high, it just has to go down for a little bit to consolidate.
It simply cannot constantly grow

[A Fahriz Thiago]

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

Maybe bitcoin prices are getting higher, because bitcoin has excellent team and community.

[kuyaJ]

In my perspective, no bad news on bitcoin now.  Too many people learn about bitcoin so the popular do high and the whales(a person who has a big amount of bitcoin) must keep their coin. When the demand high and the supply is low, the coin must become more expensive.

[coingrow]

There are 21 MIllion bitcoins that can ever be mined. Out of the 21 Million bitcoins 16.4 million bitcoins have already been mined and only 5.6 million bitcoins are left. With the increasing demand and shrinking availability, the price will keep on rising.