Why Bitcoin price is so high?

[Casual]

Everyone who works with us knows that Bitcoin is the king of all coins.  It is popular all over the world. If we look at the current price, we can see that it is a little below 19 thousand dollars.

[Token@]

Because this is the first cryptocurrency to appear. And I think he will always come first. That is why its price is so high.

Exactly says you are the first coin to appear.  Due to which its price is very high.  Bitcoin is already the best cryptocurrency.  Bitcoin is in their place. Bitcoin's popularity is growing day by day.

[Herry]

Bitcoin is one of the most popular currencies in the world and its demand is growing rapidly.  And the biggest thing is that investors prefer to invest in Bitcoin for a long time.  For some time, he blamed the USA election for the sudden rise in the price of more bitcoins.  New US President Joe Biden supports Bitcoin and he invests in U Bitcoin.  Maybe US President Joe Biden could increase its price to support Bitcoin.

[Magepai]

No one could have imagined that the price of Bitcoin would rise so much in such a short period of time.  I have seen that many people have analyzed this, so I have seen that no one has received any news.  No one could have imagined that the price of Bitcoin would suddenly increase so much money. If anyone knows why the price of Bitcoin has suddenly increased so much please let me know ??

[Sasa]

Brother you want to know why the price of bitcoin is so high. Brother, I would say that if you tell a child why Bitcoin is so expensive, he will say that Bitcoin is so expensive because it is the king of all currencies and its demand is the highest. However, today the price of Bitcoin has come down a lot. After Bitcoin hit its record high, prices have started falling again. Brother, your post has been very beautiful. Hope you will try to post more beautiful. Thanks

[exxo]

Why Bitcoin is so high ? I think the reason why It happened. Because bitcoin is always high demand and we know bitcoin is limited supply.

[rizqillah]

I have read many opinion by big brother here. The reason why bitcoin is so high , because bitcoin has high demand and limited supply, bitcoin also has owned by everyone. I agree with their opinion. I myself have bitcoin and still hold it.

[Trumpet]

I don't know fully  about this matter. But my small knowledge to I have say Bitcoin is most popular coin in cryptocurrency. Its popularity increased day by day. It is one of the reason  to Bitcoin price so high.

[Psycho]

I don't think any coin can compete with Bitcoin.  No coin can go on bitcoin.  Nowadays Bitcoin has gained a lot of popularity.  Bitcoin is called the king of cryptocurrencies.  The price of Bitcoin is currently skyrocketing. In the next few years, Bitcoin will reach its destination.

[Trumpet]

You cash very good point.I thinki bitcoin price is very high it's one of the reason of its popularity.we Know bitcoin is top coin in cryptocurrency.its popularity increased day by day.every crypto related person are know about this matter.so I think it's on of the reason to increase bitcoin price.

[Malam90]

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......

Bitcoin supply is limited to only 21M but still now it has circulating supply $18.56M. Bitcoin's popularity is expanding tremendously in every corner of the world. More and more new investors are entering into the investment purpose in Bitcoin. More and more countries, agencies, companies, financial institutions including Paypal are starting to accept Bitcoin for various purposes. So, when such a limited supply coin that has huge popularity and demand in the market,  it reflects on market price generally. That's why Bitcoin's popularity, demand and low supply are pushing it to the high price day by day.

[raisajahan]

Bitcoin is growing day by day because of bitcoin mining dificulty also people are holding bitcoin.

[Baroksz]

why is BTC that expensive? because people believe in BTC. one of the most important people is Satoshi Nakamoto, because in his wallet he has one million BTC, with sincerity he never intended to sell BTC, because he was the one who initiated how crypto currency was used for human benefit. This is a sincere gift from Satoshi Nakamoto. Imagine that with today's project, people are oriented towards profit, not goals.

[Seerge]

Bitcoin is expected to be a financial solution in the future, with all its advantages compared to ordinary money. Because of this potential many people are hunting Bitcoin, and seeing the many Bitcoin hunters make people who own Bitcoin sell it for a high price. The limited supply of Bitcoin is also a factor in the high price of Bitcoin.

[Ricky]

Bitcoin is known to us as the largest and most popular coin in the world. This bitcoin occupies almost the entire cryptocurrency market. Many people transactions Bitcoin. Bitcoin transactions have been legalized in many countries. I think bitcoin is more buy-sell because its price is always so high.