Why is the price of bitcoin so high

[Hopeful2017]

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

in terms of popularity, superiority and seniority, bitcoin is on top. If we say cryto, people will first think about bitcoin and if we say bitcoin, people will think it as crypto. All other altcoins are just patterned from bitcoin. And i also think that bitcoin's developer own the original patenty

[1715292409]

1715292409

[yannick225]

There are more number of people who are getting to know about bitcoin. This is basically increasing the demand of bitcoin in the international market which in result is causing this much increase in the market value of bitcoin. This trend will continue to rise in the next coming days as well.
Bitcoin will for sure have a very good market value which will help the investors in making more money. 

[Gunpaycity]

the main answer you've answered but in addition to bitcoin is widely used by popular people

[Marco Ambrusini]

Because Bitcoin is in high demand. And there is not a lot of Bitcoin and there is only 21 millions Bitcoins and only 4 millions Bitcoins which can be mined. Other coins have a lot more coins. There is 96'290'018 Ethereum in circulation and it can still be mined... The less coin we have, the more precious it is.

Moreover bitcoin is gradually becoming accepted worldwide and its really attracting new investors to buy.it is very clear the market of bitcoin has increased within the shortest span.The recent acceptance of bitcoin futures on CBOE exchange is also a major boost

[nyx12]

Bitcoin is superior, because it's the first and tge original one before altcoin. And the demand of The Bitcoin so high

[Hn08601]

in my opinion because the bitcoin enthusiasts more and more.
investors are increasingly investing bitcoin over other coins.
and they believe that bitcoin will be more expensive. and they will get to the advantage of it.

[asepsetiawan1990]

The demand for bitcoin is so great, because bitcoin has its own image in the world of cryptocurrency. many people want to have it.

[shibob]

In my opinion, It's definitely a bubble at the moment. Actually the blockchain technology behind BTC is novel and is future.
Many people are coming in treating bitcoin as a quick buck scheme. So, it looks like BTC has strayed from its original purpose (in terms of decentralization, scalability, etc.)
But people are blindly buying for quick "free money" without assessing the true value. That's why it might pop.

[artmen007]

This is the most popular cryptocurrency in the world. And it didn't come immediately. She soon 10 years. It took 10 years to achieve such heights. From person to person, more and more people find out about this and now cost almost 20 thousand. And moreover all other coins are required as many bitcoins because he came into the crypt and then continued to invest in other projects.
I agree with those that say that bitcoin is digital gold, less than 17 million coins left and no more and that creates a big deficit

[shibob]

There's one thing we should take a look at is according to WJ, 80% BTC global transactions are from Japan, Korea and Vietnam.
It makes me remember to the financial crisis of 2007–2008.

https://www.wsj.com/articles/the-force-behind-bitcoins-meteoric-rise-millions-of-asian-investors-1513074750

[rurubot]

I believe it is both. Bitcoin gain a lot of support from investors because it is the One. Because of that, it makes bitcoin the superior.

[Streets 2.0]

Only two weeks left before the New Year! The price of bitcoin floats within the range of 15-17k. My forecast for reaching the level of 20k by the new year is the same! My older brother joined the bet with my friends and now it's time for me to open a bookmaker's office! ) Fundamental news about bitcoin - only positive! This means that in the medium-term foreign currency and its rate nothing "terrible" threatens, so there are a lot of buyers! Now two days we have observed a correction associated with profit taking. However, the recovery at the level of 16-17k indicates that the influx of fresh investment did not take long!

[oscarrsm]

Because Bitcoin is in high demand. And there is not a lot of Bitcoin and there is only 21 millions Bitcoins and only 4 millions Bitcoins which can be mined. Other coins have a lot more coins. There is 96'290'018 Ethereum in circulation and it can still be mined... The less coin we have, the more precious it is.

Moreover bitcoin is gradually becoming accepted worldwide and its really attracting new investors to buy.it is very clear the market of bitcoin has increased within the shortest span.The recent acceptance of bitcoin futures on CBOE exchange is also a major boost

Yes I agree. Many expected the depreciation of bitcoin after the launch of futures. So it would be if the price of contracts was lower than the current one, in order to reduce the risks of the exchange. However, the price for January contracts is above 17,000, and for February futures 18 - 19,000 for bitcoins. This led not only to stabilization of the rate, but also to further growth.

[brelok777]

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.

[Jumli]

because Bitcoin Price depends on trust, is formed exclusively by inventory and demand and is not tied up with currencies or other assets, and for now the supply is limited and demand is increasing hence the bitcoin price is very high

[Streets 2.0]

What should be the price of the currency (any) to call it "high"? Recently I talked with my teacher of economic theory and asked him questions: What do you think about the bitcoin course? What do you think about fair pricing? His answers pleased me! 1) Bitcoin is darkness for him! Therefore, nothing will be said about this; 2) Any pricing of any currency is an even darker business than bitcoin! So it's not about the price, not about why she did not know such a high. But! I was reminded of how well I once studied)))

[Silber]

the price is so high, because people are willing to pay this price.

[Wish 107.5]

the price is so high, because people are willing to pay this price.

I guess so. It is known by everyone that price of Bitcoin is high and definitely will be higher next year; I think it becoming high because of the people who support and buy it whatever its price. The trust given in Bitcoin is unpredictable, that makes it good.

[Muhammad Muneeb]

bitcoin was the first ever digital currency ever made . stoshi launched the concept of blockchain and all the altcoins come into existence after the bitcoin so it is superior than other coins furthermore the demand is the factor and the supply is the limiting factor

[ASHLIUSZ]

When the price of bitcoin goes high after certain time period, automatically people who really wish to be a part of the network will actively stay into the community. Price of the bitcoin has grown based on the increasing demand as well upon the difference we get through the supply availability.