Why is the price of bitcoin so high

[KSHMR]

The reason why bitcoin is so high is because it was the first cryptocurrency and the most renowned cryptocurrency in our world. There are many company out there who accepting payments using bitcoin because of its price.

[Herczs]

Bitcoin has the largest community of all cryptocurrencies. Many people hear the words Cryptocurrency, immediately think about Bitcoin. All this provoked what we see now.

[Bionicl4]

The price of Bitcoin is too high compared to many other coins . Bitcoin is getting higher because there is demand .

[moepaing]

BEcause bitcoin is the pioneer of the cryptocurrency market and it has the largest experience for surviving. What is more, it has more value than any onther cryptocurrency.

[FishsHumnsToo]

Bitcoin is first and foremost a means of accumulation. I can also quote Durov that the appearance of bitcoin — " a chance to exit the global financial system from the us dollar hegemony"

[Gamerholic]

The price of bitcoin has now undergone a correction and has gone to the price level of the beginning of this summer. Apparently the mass of forecasts did not come true and we still will not see the bullish trend in the markets this summer. On the other hand, after the end of summer holidays and vacations - the time will come to earn. The market will unfold. the main thing is to enter it in time. 

[Anicasalar]

The price of bitcoin is so high because it is the first cryptocurrency in the world and therefore it is the most popular. It seems to me that the next couple of years it will be the same

[ringgo96]

All depends on the request and also the limited supply, it also applies to bitcoin. now we can see that demand continues to rise from time to time. make prices rise

[wiak2]

The cost of BTC is now high, because it is really a strong, stable and in demand coin, which always enjoys well-deserved demand in the crypto market.

[smoker36]

In fact, the answer is simple - just BTC is the real king in the crypto market. In many respects the cost of other coins in the crypto market depends on the price of BTC.

[Hudora]

I really like bitcoin and I'm glad it costs so much. In my opinion, this is due to the fact that it is very difficult to get bitcoin using mining and therefore the cost is now as large as possible. I hope that it will be even better

[Thyaga]

bitcoin prices are very high because of the many users and lots of speculation.

[sh4dtechnr]

It's first, it's original, it's genious; most decentralized, most used, most hyped, most supported; any altcoin is somehow associated with bitcoin. Bitcoin is a foundation.

&, it's because if you want to buy any cryptocurrency, mostly first you need to do is to buy bitcoin & then, exchange it to your choice coin. ) That's how it works. Bitcoin is a gold of cryptoworld.

And as said before, if you want to start exploring a cryptoworld, it's better to start with learning bitcoin.

[Gamerholic]

The price of bitcoin stuck to the mark of 7k dollars apiece! This has already been going on for a while. What does the summer come to an end and the bull trend is not visible? Will everyone have to wait for autumn-winter to see at least some significant growth so that the question "why is it so expensive?" became relevant?)))

[OmarGsPools]

Because Bitcoin is the first cryptocurrency, since it is the most popular crypto in the market, investors are generally they buy altcoins through Bitcoin. For reasons like this, Bitcoin more valuable than others.

[Samkol26]

I think it's back down now and it's different price since when this topic started but the price is still high compared to other crypto. I think the only reason it is this high is because people trust bitcoin more than other crypto and it's also the first of its kind

[huanglui]

I think that Bitcoin would have 20K price again by the end of this year, it is not so unbelievable as some people think

[Bas01]

Because that’s the price at which people are willing to sell bitcoin. There are more people wanting to buy than willing to sell.

[Wyndesam]

Well, because bitcoin is very popular , and I think the price will rise even more, bitcoin has created itself!

[kr105]

Bitcoin can be produced in limited numbers and as the King of cryptocurrencies, bitcoin has the most demand. These prices are expensive compared to some people and some people are very cheap.