Why is the price of bitcoin so high

[Cedrick]

Supply and demand is what determinate the bitcoin price as well as the bitcoins being traded, if somehow a bunch of bitcoins that weren't been used enter
 the market expect the price to come down very quickly.

It's not just supply and demand. Markets aren't fair place unfortunately

I think in world exchange? U.S of America dollar is too high today. So I think that is the one possible answer to that question and my other thought is there's a lot investors in bitcoin so that the price is continuously raising and that is a good sign that we should invest at least 10% our salary. and that's not bad.

[1714501542]

1714501542

[1714501542]

1714501542

[1714501542]

1714501542

[Saveplus]

Its because of the supply and demand who control the price many investors are in bitcoin so thats why the price of it was so very high compare in the altcoin.Bitcoin was the mother of digital currency ang strongest coin no one can ever defeated it.

[waynechong1995]

It's the pioneer of cryptocurrency, and it's having the most exposure on public and generally more established that other cryptocurrency in the early days. The surging price could be new investors doesn't know much about cryptocurrency in general but taking bitcoin as their sole investment like a digital investment. Other factor could be industries, medias and financial institute are always concerned about bitcoins and this just drive the trends faster like how DOTCOM bubble was formed. Bitcoin would remain it's prime as long the trend continues.

[leavolnhals]

Bitcoin increases the value based on the following:
A variety of countries have a glimpse of bitcoin. This makes incremental bitcoin acceptable. Some countries like Japan, China have seen bitcoin as a market capacity. Japan is also the first country to use bitcoin through the bank as the currency here, this will cause your investment of the hotel. No, banks in some countries have to be frozen, the press, which will scare the Investing every time you deposit money into the bank. Because they give the global form rather than depositing money into bitcoin without government intervention. Or the potential of technology such as blockchain example or ETH also. Causes for increased bitcoin and no stopping status.

[Streets 2.0]

It seems my predictions come true! Bitcoin returned to the level of 11k. You see bullish moods stronger than banal greed and fear! The main question is how much will we wait for a new historic maximum? I'm sure until the new year, we'll see it. Another factor influencing the price that I did not take into account earlier is the infrastructure. The mass of infrastructure projects for the use of crypto currency. This makes it possible to involve more people in the investment process - the price is growing.

[Despacito]

American CME Chicago group made deal with US authoritites to sell contracts with bitcoin. This made the price go to the moon. This is also a good indication for the future of bitcoin in US.

[bayudndy]

my opinion because bitcoin is the first coin have high popularity and he growing so fast, and most people already using it or know it

[RoyaLunique]

Because you can use secretyl.

[kkofor]

Because Bitcoin is the first coin of the worlds. Beside that it has many advantages when comparing with real money. Let read some topics in this forum to understand more

[gazilla]

Bitcoin is the first one…no matter how many superior coins going to come after, Bitcoin is the benchmark to the cryptocurrency, and yes while it is pricey it also a health indicator of crypto world…so the higher the price, the better we are standing in the cryptoworld.

[Hasbro27]

I do not know why the bitcoin price is so high, maybe it's high because the bitcoin market is limited and people prefer to save bitcoin instead of selling it so the bitcoin price becomes very expensive. that's my opinion.

[BeggarInCryptos]

I assume these days a lot of new people are entering bitcoin and they have no choice Tu buy high. Moreover, investment funds are speculating too.

[cryptoblazter]

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

No wonder why Bitcoin was so high, it is not because its the number virtual one currency but of course its the mother of all altcoins in this industry. It is really amazing that in the entire world bitcoin established a big community users all over the world.

[veraoktav127]

one reason may be that bitcoin is an early coin and bitcoin has also started to be owned by famous people

[hanlieuiypm9832]

I think one important reason is the forked bitcoin coins, such as bitcoin cash, bitcoin gold. If you have btc, you can get these forked coins freely.

[irsada]

the rising price of bitcoin all depends on market demand.
the more people who want to have bitcoin the higher the bitcoin price.
that's what I know why bitcoin is increasing fast.

[MalaViolina]

Bitcoin is high becuse is great demand for him. A great demand for him is becouse every moment he has less and less. People dig up bitcoin and he is limited. And that gives him a high value,becouse it is limited. Just like a anything,like gold or everthing is it less and less on the market..

[dragoz11]

Its price its high because the it is the reserve currency for all the other coins. Furthermore the demand for it is in the highest peak and everybody wants to buy firstly btc rather than altcoins.

[billykannithi]

there are 2 reasons for this question, first, bitcoin is getting more famous to all people around the world and of course more people want to own bitcoin that makes the demand for bitcoin encrease and the price gets higher, second, big whales dominate the market, want to pump bitcoin price, so the buy a huge a mount of bitcoin, making the price higher, then they sold for the high profit.

[Streets 2.0]

More than 11.5k !!! Soon I'll start to take money for my predictions! Seriously, I already see how those who did not believe in the rally before the new year began to tear their hair. This is typical and therefore I do not understand why people do not believe in it. So many times this has already been on other sites and currencies ... I think this pace we will easily see 15k by the end of the year - because human greed is limitless! ))