Why is the price of bitcoin so high

[Lingqingyi]

Because this reflects the real value of bitcoin, in addition to the dollar, which of the world is also recognized by so many countries at the same time? Bitcoin is simply a myth.

[geyayy]

Bitcoin's price is affected by activies in the crypto world, specifically the law of demand and supply. If bitcoin's price increases, that means that its demand during that time is high, and if it is low, there is probably a new fork etc.

[Anita1873]

The main reason behind it that its supply is dropping and people want its in their portfolio and want to buy it at any price. In my opinion, it can go upto 1000$v before this year end.

[Satish147]

Bitcoin price will reach highs and highs which you never imagine

The BTC prices can easily reach $ 100000

In recent survey made in US revealed that the BTC investors are interested to sell only when it reaches more than $ 196000

[zucpozvonil]

Bitcoin price will reach highs and highs which you never imagine

The BTC prices can easily reach $ 100000

In recent survey made in US revealed that the BTC investors are interested to sell only when it reaches more than $ 196000

I don't believe it will get so high. Maybe in 2140?)

[chimcoin]

I think that Bitcoin will rise more base on these few reasons :
1.Increased acceptance in many other countries,like Russia, India and many others.
2.Japan’s legalization of bitcoin as an official payment method ,Since April  2017, Japan legalized bitcoins. This created a demand for bitcoins in Japan, contributing to its increase in value.
3.Reliable prediction by experts,may expert has predicted that bitcoin hasn’t reached its potential and anticipate its value to reach $500,000 by the year 2030.

[mahimonliner]

First your question is not stupid.
Bitcoin is the first crypto currency and bitcoin is literally control the crypto currency market, i mean majority of the portion is controlled by bitcoin.
So you can say bitcoin price is high because of its name.
And on the other hand many investors are coming on to bitcoin and this also helps Bitcoin price to raise.

[Cofee.BLUE]

Its because of the people that invest their time to bitcoin, and people wanted bitcoin very bad thats why they use time to create and to make many bitcoins, and also the companies and big countries supports bitcoin thatd why it is growing and growing and getting bigger.

[wayaneka]

In my opinion because Bitcoin so popular now, then the demand increasing day by day and many people around the world buy it. The demand continue increasing, but the suplly only about 17 million in circulating. As we know the population of the world is more than 4 billion people, and Bitcoin just like internet so everybody around the world will know it later.

[NEERAJ ANAND]

Every month bitcoin price is moving and making new highs and it seems us that its price is too much but it still have huge value in it can it can go anywhere from here.

[bananadines]

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 is so high, because of have a lot of chaos in the world. And if there is one thing that BTC loves then it is god damn chaos in the world to grow up. Its just a safe investment for a lot of stock investors that are scared of a stockcrash.

[zchprm]

Because btc is like the face of the cryptocurrency right now. Many people are investing day by day thus making the price of it higher.

[cryptofunn]

I also ask this question. Why is this price formed for 1 btc. I think that the price reflects only the supply and demand. For this price, the market is ready to buy bitcoin. In the air, thoughts of a change in the world economy, of its transition to digital form, are constantly floating. About bitcoin as the basis of such an economy. These futuristic fantasies drive people crazy. Now how many people are on the Earth? And bitcoin is only 21 million.So the price of $ 100,000 is not so fantastic in the perspective of 20 years.

[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 has a good team and community, so that also affects the higher bitcoin prices.

[AlexW333]

because BTC is a number one

[Cloak1]

Because bitcoin is superior and it's the king of cryptocurrency. Bitcoin is getting popular nowadays. Because of its popularity which makes the price gets increase gradually. In addition, bitcoin has gained the trust of many people, so its price is getting higher.

[Donaldturp]

Because bitcoin is superior and it's the king of cryptocurrency. Bitcoin is getting popular nowadays. Because of its popularity which makes the price gets increase gradually. In addition, bitcoin has gained the trust of many people, so its price is getting higher.

That's the answer. It's the dominating factor of the market.

Bitcoin has become the most trusted asset in the digital world since 2009. The rise of bitcoin will continue after all the crashes and governmental banning decissions. But, the other coins are also growing in this ecosystem. Don't forget this.

[join2]

i think the high price of bitcoin is affected by the number of bitcoin purchases and the sellers because now so many people are investing

[Raffy11]

Bitcoin is so high because it is the base of all altcoins you need to buy bitcoin first before you can buy altcoins. Bitcoin represent the whole crypto currency and it is the superior of them all

[krayzie32]

Bitcoin is so high because there are many people think that Bitcoin is a gold of cryptocurrency. They believe that its price always rise and they have to hold to wait until they get profit