Why Bitcoin price is so high?

[Lorix]

Bitcoin is a currency in the cryptocurrency market whose price keeps rising every moment. If the price of Bitcoin goes down, it can recover at a later time. Bitcoin currency is good for investing. The advantage of transactions is that this currency is traded by big companies and rich people all over the world. Because it is possible to trade a lot more money to eat this currency. So Bitcoin is used as a medium to transact more money. So everyone is confident that the price of Bitcoin will increase.

[Hisbullah]

everyone is confident that the price of Bitcoin will increase.

I think It is true, many investors still confident bitcoin will increase, It cause bitcoin demand is so high. When demand is so high, bitcoin price is always high. I think  we all know bitcoin supply is limited , demand is high. So, bitcoin price always high.

[ranaprime]

The king bitcoin will be high price this is very natural. We know in crypto market demandable coin is bitcoin and Ethereum are the best. Most of the people or investors holding bitcoin as their valuable assets like gold. Now they are very curious to hold it more. They know that how far the price will go? I think those are the key points to reach high.

[Nostoman]

Bitcoin has touch high at 16k now price is going down about 15k.

Don't worry sir,, bitcoin will again bullish in near future. We all waiting for jo Biden support.

Cryptocurrency does not depend on the support of any countrys president. Even without the support of the countrys president, the cryptocurrency will continue to move at its own pace. New currencies will arrive in the market. However, Bitcoin will remain in the best position. So the price of bitcoin will increase in the very near future. There is no disagreement on this issue.

[ranaprime]

Bitcoin is the first crypto currency. In market capital bitcoin cover 57% and 43% by others. Here is a big distance from the others and one another thing is bitcoin supply is limited. I think those are the main reason for high price of bitcoin.

[Altcoin1998$]

Bitcoin has touch high at 16k now price is going down about 15k.

Today's bitcoin market /price again jumped to $16000. Bitcoin highest price jumped after three years long term periods interval.
Just cheer up....

[Android]

Bitcoin is most popular than other.
High demand and limited supply is the reason why bitcoin price  is so high.

[Lukamaxin]

The top 10 most valuable cryptocurrencies in US Dollar ($) in the year 2020.

Name of the coin           Value in US Dollar ($)
Bitcoin                                 9,262.67
Maker                                     463.27
Bitcoin Cash                           236.15
Ethereum                               235.11
Bitcoin SV                              185.00
Dash                                       69.23
Monero                                    63.62
Zcash                                      53.76
Litecoin                                    43.26
Augur                                      19.06

We can see that Bitcoin is the most valuable coin in the crypto world. But it is a matter of concern that the price of it's nearest valuable coin (Maker) is 20 times lower than Bitcoin. Why Bitcoin price is so high? Can you explain please......

The first most popular coin in cryptocurrency is btc .Many people known cryptocurrency by Bitcoin . It is the oldest and ancient coin in the cryptocurrency.when many countries allow this coin and the election was finished the president is being changed in these all happens the price so high i think .

[Papusha20]

The top 10 most valuable cryptocurrencies in US Dollar ($) in the year 2020.

Name of the coin           Value in US Dollar ($)
Bitcoin                                 9,262.67
Maker                                     463.27
Bitcoin Cash                           236.15
Ethereum                               235.11
Bitcoin SV                              185.00
Dash                                       69.23
Monero                                    63.62
Zcash                                      53.76
Litecoin                                    43.26
Augur                                      19.06

We can see that Bitcoin is the most valuable coin in the crypto world. But it is a matter of concern that the price of it's nearest valuable coin (Maker) is 20 times lower than Bitcoin. Why Bitcoin price is so high? Can you explain please......

The current Bitcoin price is16412 dollar fairly good.  The main reason for the rising price of Bitcoin is the election.  I think the price of Bitcoin is rising because of the loss of Donaltram in the election.

[Papusha20]

The king bitcoin will be high price this is very natural. We know in crypto market demandable coin is bitcoin and Ethereum are the best. Most of the people or investors holding bitcoin as their valuable assets like gold. Now they are very curious to hold it more. They know that how far the price will go? I think those are the key points to reach high.

Yes sir I agree with your post because you have explained a lot about bitcoin price. Thank you very much for your post.

[Coin63@]

Bitcoin is most popular than other.
High demand and limited supply is the reason why bitcoin price  is so high.

Bitcoin is the best crypto in the market because all classes of people are involving themselves in bitcoin and many international organization already invested in Bitcoin. May be Bitcoin will be global accepted currency.

[mlawson71]

It may happen one day, I am sure of it. But I don't think it will take the place of fiat currencies.

[jakasantosa]

There are many reasons why bitcoin is so expensive. The main factor is the supply and demand that occurs in the crypto market with limited supply. Many investors believe that investing in bitcoin will be very profitable, so there is a lot of bitcoin demand on the crypto market

[Methos]

In my opinion it is because of the Law of Demand and supply.

Any product that is so limited or hard to provide will be high in price because many people are willing to invest on it, there are some instances that they can Bid on it just to ensure that they will be the one to get the item.

That might be 1 of the reasons why bitcoin is so high.

Yes we can Factual consider the reason that its is the first Cryptocurrency thats why It already builds its own credibility on the market.

[Power420]

The current bitcoin price is fairly good with the bitcoin price at 16,675.  Bitcoin prices are expected to rise further in the future. I think the price of this bitcoin is rising so much because of the election.