Why Bitcoin price is so high?

[debra]

You can update the prices of the coins on the thread above, the prices have been already changed. Especially, Bitcoin has just passed $15,000. It is an amazing performance of Bitcoin and it moves very fast today. I hope that Bitcoin price is still on the top performance and the highest one among others since it will impact much on crypto trends.

[Sentinel]

It took a long journey for bitcoin until its price got very high. this is because many people are interested in bitcoin. a lot of demand, making the price standard high. and also because bitcoin is the first in crypto.

[Abdee]

Because bitcoin is so high demand and more populer then other and bitcoin is always maintaining ets position on number one,you can see on CMC no coin can beat bitcoin

[Sammy9ce]

As of November 2020, the most expensive cryptocurrencies worldwide were Bitcoin, Wrapped Bitcoin, Yearn.Finance and Maker. Bitcoin was the most expensive virtual currency, with one coin valued at 13,702.18 U.S. dollars. High level of exchange rates

[EthereumDev_]

In my opinion, the price of bitcoin is very high due to the influence of the increasing demand which ultimately makes the price go up because it is increasingly difficult to get bitcoin.

[Malam90]

Actually Bitcoin price isn't too high if you compare Bitcoin price with 2017 but now it is on the green trend in the last couple of weeks for Paypal acceptance of Bitcoin. Everyone is expecting Bitcoin price again $20000 within few days or weeks. I will not surprise if Bitcoin hits $20k soon. Bitcoin is such a coin which price only with value can't be evaluated.

[babu10]

Actually Bitcoin price isn't too high if you compare Bitcoin price with 2017 but now it is on the green trend in the last couple of weeks for Paypal acceptance of Bitcoin. Everyone is expecting Bitcoin price again $20000 within few days or weeks. I will not surprise if Bitcoin hits $20k soon. Bitcoin is such a coin which price only with value can't be evaluated.

Yea, i am agree with you that also thinking about price up otherwise there is no news in crypto market for pump. Some news said after US election crypto market will dump but surprisingly it pump and one thing clear that election did not factor for crypto market but positive news is factor. Hope it will go with new record in new year.

[mlawson71]

So you think after the elections it will drop?

[Tnoy30]

You look at the current market. The current bitcoin market is in turmoil. The price of Bitcoin has gone up a lot. As a result, various investors are in a dilemma that they will not sell Bitcoin, they will keep it. So I think those who are in such a dilemma should hold Bitcoin. It is possible to make a profit by holding. The current bitcoin market has grown a lot. As a result, users are trusting Bitcoin. The current price of 1 bitcoin is 15504$.

[Paglamon]

Everyone involved in the cryptocurrency market knows that the price of bitcoin has risen significantly. So at present some of my investments have been successful. Some of the tokens I bought have been on the rise for two days now. Because they increase as the price of Bitcoin increases. Such changes in the market help investors succeed in investing. So I trust Bitcoin the most in the cryptocurrency market. Currently though I don’t have much of a bitcoin. The bitcoin I have may not be able to make much of a profit. But I always support Bitcoin. Will exceed $20,000 in the future.

[gODZILA72]

I think this is a new rise, so that later it can fall at least 15,000, I mean growth may be above 20,000, but we must keep 15,000 as the minimum price for this asset, further, only higher, but years of time are needed!

[Black ID]

Could it be because of the 5 year cycle that is often talked about? I think the rise in bitcoin occurred because many controlling bitcoin holders saw an opportunity to sell their bitcoins at a high price. This is called being clever at seeing opportunities.

[Rafiq]

Because bitcoin is an old coin created since 2009 so many people bought bitcoins that is why the price is so high. If all people in the world buy bitcoins then I expect it will reach $1 million price.

Bitcoin is the most popular cryptocurrency in the world. Bitcoin is the king of all cryptocurrencies. In fact, investors in Bitcoin have increased, the volume of trades has increased, so the price of Bitcoin has increased. Earlier in 2017, the price of Bitcoin increased even more.

[sampoerna]

Actually, for this recent time, BTC has its competitor in price taken, which is YFI (Yearn.Finance). YFI is now $13,283.00 USD.
And today is the starting time of the bullish market. I do believe that the price will go up again, moreover passing its ATH. But probably will not happen this year. Let's follow how the market will be again It probably will reach another bullrun again next week

[smt_nirwana_01]

supply demand relationship. The more demand for a product, the more its price will increase. For years, bitcoin has been the first name that comes to mind when crypto money is called digital money. still most people do not know about cryptocurrencies other than bitcoin.