Why Bitcoin price is so high?

[Emircan]

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......

Due to the needs as well as the trust of the user, the user often trusts and continuously increases the value. During this volatile time, BTC is often the choice for investors because it is stable and transparent to the user and it can bring income to the owner.

[XM8]

It is simple because bitcoin is most popular coin in cryptocurrency.every one know that about this coin.day by day it's popularity increased.Bitcoin is Everytime stand to take a good position.I hope future days bitcoin popularity more increase.

[JISAN]

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

All coin is pumped  bitcoin is now $19,000+ It's just pump day by day. 10 thousand dollars has increased in 4 months 🙄

[gqinyot]

It is simple because bitcoin is most popular coin in cryptocurrency.every one know that about this coin.day by day it's popularity increased.Bitcoin is Everytime stand to take a good position.I hope future days bitcoin popularity more increase.

Due to the transparency as well as the easy transaction that almost all investors want to aim for, there is a very attractive price. Although it is always risky, but the beneficial value it brings, no one can deny. While I am writing, the price is increasing by over $ 19,200 1 figure is exceeding when 6 days ago it was still at $ 16,000.

[Gostudio]

Bitcoin is higher in price and still the King. And yet the price is unpredictable, meaning it can riseup or it can decrease in price. One thing is sure, if there is Downfall there is also rising in price.

[Zulema]

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......

Due to the needs as well as the trust of the user, the user often trusts and continuously increases the value. During this volatile time, BTC is often the choice for investors because it is stable and transparent to the user and it can bring income to the owner.

I agree with you about that. I believe investors will invest more heavily in BTC because the full return is huge, although it is always risky but I believe it will thrive in the future with the new coins that will boost the market. The school is developing more and more in the coming years

[Sumaiya2]

A few days ago, the price of Bitcoin was much lower, now the price of Bitcoin is quite good.  The current market value of Bitcoin is 18,620 dollar.  The price of Bitcoin was higher but from there it has decreased a bit. Although the price of Bitcoin is a little lower but its speed is going up.  So it can be said that the price of Bitcoin is much more likely to rise further. In 2021, the price of Bitcoin could be from 30 thousand to 40 thousand dollars.

[anshor1]

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.

I agree your opinion, bitcoin price is so high because bitcoin has high demand and limited supply. We all know bitcoin is the biggest and most popular than other coin. Bitcoin always be number one and maintain it's rank.

[Herry]

Yes bro the price of Bitcoin is the highest of all crypto currencies, and this currency is the most popular.  And because Bitcoin is in high demand, its price is always high.  It is the number one currency in all crypto markets.  Today, the price of Bitcoin has started rising again.  Today the price of Bitcoin is 5 19258.  Hopefully by the beginning of 2021, Bitcoin will reach 25 to 30 thousand dollars.  The senior brothers have given more beautiful opinions in this regard.  Hopefully you have learned and understood a lot from this.

[Monster5]

You made an important post, brother, I think the reason why the price of Bitcoin has risen so much is that Bitcoin is one of the best in the world of cryptocurrency. And continues to grow. Will be valued as the best coin in the cryptocurrency world. That is why the price of Bitcoin has increased so much.

[Muneeb22]

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 users of the Bitcoin are so much and that is the reason that the BTC price is high becasue in the crypto market so many peoples start trading in it and they make good money through trading on daily basis.

[Apower$]

The reason for the increase in the price of Bitcoin is that the number of users and investors is increasing day by day. So the demand for bitcoin is increasing. When the demand for any product or coin is high, the price goes up. I have no doubt about the popularity of bitcoin. The demand for bitcoin will increase as the days go by. So the value of bitcoin is much higher.

Yes brother you are right I agree with you.  Because the popularity of Bitcoin is increasing day by day.  And the financial needs of the people are also increasing a lot.  So we can say that when the demand for a product or currency is high, its price goes up a lot.  So we have no doubt about the popularity of Bitcoin.  The demand for Bitcoin is increasing day by day.  So we can say that the value of Bitcoin is much higher.

[AllSii]

This is the most recognizable cryptocurrency, which has the largest community. Now it is impossible to find such a person who would not have heard about the existence of bitcoin.

[anobtc]

Because we have only BTC, like only Gold. BTC has the largest node network in the world, along with the largest number of users and community. So its price is determined by the market.

[kirshna01]

Bitcoin has surpassed its highest label ever and reached $ 20600. The value of bitcoin is constantly getting high because very big companies are investing in it, even a big company like Paypal has jumped into it.