Why Bitcoin price is so high?

[pelana vreo]

Bitcoin is also under the very cheap price of 1$, but over time investors have become more and more interested in investing in it, so what makes bitcoin prices soar higher than other coins is due to low supply and high demand.

Where do you get that information guys, are we going back to the years of pizza, when Bitcoin was exchanged for pizza, I thought you could add more detailed information about that price.

[labonikhatun]

The reason why the price of bitcoin is so high is because the demand is increasing as the demand increases so will the price increasing the price of bitcoin increases the demand of investors. The crypto market is rising due to increased investment everyone is moving towards crypto and it is evolving.

[Blue4]

Bitcoin is the most reliable cryptocurrency in the crypto world this is the top cryptocurrency so all investors focusing on BTC investments so each and every BTC traders using BTC everyday so it's demand is increasing automatically so BTC price is always high .

[Pirate]

Big investors trust their capital more to invest in bitcoin, so the price of bitcoin is much higher than the price of other coins below it, if large investors start to switch to investing in other coins then the price will also soar.

[Joyjoyce0]

We can't compare the use cases and  mass awareness of bitcoin with other coins in crypto space. BTC is the unit by which other coins are priced, that's why they are altcoins

[alltalk]

I don't think Bitcoin price is so high, it deserves to have that price because its usefulness and popularity. Moreover, Bitcoin is a special coin which have no competitors. While most people who invest in crypto should buy and hold Bitcoin. This triggers to make Bitcoin to have high value. I am not surprised with that price, I think it still makes sense.

[krypto4uvak]

The price of Bitcoin is high, because it is gaining popularity among ordinary people and many are already starting to simply buy it on exchanges.

[nakmantu99]

The price of Bitcoin is so high because many demands in the market. So, the price of Bitcoin can be bullish many times. I think some people have the big role to pump the price in previous years. They may pump the price and create hype with good news of Bitcoin future.

I agree with your opinion mate, The price of Bitcoin is so high because many demands in the market. Bitcoin is most popular, It is the biggest community. Bitcoin will have great future and more be needed at the coming future. So, I think  buy bitcoin when the price is low, But Not today. Today is so high.

[gourav787]

Bitcoin price is high because bitcoin is so oldest coin in market , bitcoin also have huge coinmarketcap value as well limited in its supply also . Their are New trader who always believe in investment as well holding in bitcoin.

[Btceth01]

The reason why the price of Bitcoin is so high is that Bitcoin is now being officially legalized, especially in developed countries. Bitcoin transactions have started with various banks in developed countries. People all over the world have now started trading on Bitcoin. That is why the price of Bitcoin has started rising. The price of Bitcoin will exceed 20,000 20,000 by 2020. And by 2021 the price of Bitcoin is expected to go from 50 thousand to one million dollars.

[JokerM]

The price of Bitcoin is high, because it is gaining popularity among ordinary people and many are already starting to simply buy it on exchanges.

because this system is outside the control of the state and allows people to make transfers from one country to another without commissions

[ayatoslaw]

Bitcoin price is high because bitcoin is so oldest coin in market , bitcoin also have huge coinmarketcap value as well limited in its supply also . Their are New trader who always believe in investment as well holding in bitcoin.

The price of bitcoin increases from year to year not because bitcoin is an old coin, but because of market demand and also because of the value that many people believe, if many people believe bitcoin has no value then the price will not be what it is today.
Because there are also many old coins whose value (price) tends to fall deeper such as the NXT.

[Malam90]

Bitcoin price is not high. If you see at the coinmarketcap, YFI is $28500 price now which is 1.5x higher than Bitcoin. As Bitcoin is limited to 21M supply, it's price will increase in the future as its popularity and usability is increasing and spreading rapidly almost all part of the world.

[TERMINO]

Bitcoin is the rank #1 in CoinMarketCap due to huge market capitalization and trading volume every single day. However, this time it is not Bitcoin who owned the highest price in crypto because yearn finance price is $33,806 at rank #25. Inspite of YFI growing popularity, still it is Bitcoin who reign in cryptocurrency industry.

[therozaq]

Bitcoin price is high because bitcoin is so oldest coin in market , bitcoin also have huge coinmarketcap value as well limited in its supply also . Their are New trader who always believe in investment as well holding in bitcoin.

The price of bitcoin increases from year to year not because bitcoin is an old coin, but because of market demand and also because of the value that many people believe, if many people believe bitcoin has no value then the price will not be what it is today.
Because there are also many old coins whose value (price) tends to fall deeper such as the NXT.

Yes I agree bitcoin demand is so high. Bitcoin is most popular.  Bitcoin was believed my people at the world. I have seen several countries have permitted bitcoin as payment and investment. I think It is a good sign for bitcoin progress at the coming future.