Why Bitcoin price is so high?

[kulkhan]

Bitcoin price cannot be compared with others because it has own history how the price can improve. The price of Bitcoin can be so high because of its ATH in 2017. The price after the ATH still survives at the high rates, so we can see it untill now.

I am agree with you. Bitcoin has strong strong Own History. It is Self dependable. All coin depends on Bitcoin not Bitcoin Depend on Others. Globally Usability of Increasing day by day and Investors invest here so Bitcoin Price is Increasing Day by day. Good wishes for you for your valuable opinions.

[Crypto_Somrat]

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 is in the first place in terms of popularity. Bitcoin is not comparable to any virtual coin. Bitcoin is the first cryptocurrency to succeed. Almost all people around the world are aware of Bitcoin. In my opinion Bitcoin is above all and will remain above all.

[Goblin]

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 is the most popular and popular coin in the world.  Bitcoin is called the king of cryptocurrencies.  The price of Bitcoin is increasing day by day. I think the reason why the price of this coin has increased the most is because of its popularity and the fact that most investors and investors are investing in Bitcoin.  If I have made a mistake, then forgive me, I have said what I think.

[mahid]

Now a days people think that bitcoin is the top crypto currency in the world. People are very curious on this coin. Everyday lots of people invest in this coin for this reason Bitcoin price is increasing rapidly and so high. Bitcoin demand is all over the world. 

[Nusrat]

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......

।Thank you very much brother, you have analyzed it in such a beautiful way that I clearly understood the unknown idea that I had no idea about it.  I really like your post and I really benefit from it.  Thank you very much if not only me but also anyone else will know about it

[Hamida]

The reason why bitcoin price is so high. Demand and supply  are basic factor of bitcoin price. High demand and limited supply.

[Heron]

Bitcoin is one of the most popular coins in the world. Bitcoin is called the king of the cryptocurrency world. Bitcoin prices will rise, this is normal. Bitcoin is now above 18k. Undoubtedly Bitcoin is in a very good position now. The idea is that by 2020, Bitcoin will exceed 20k.

[Rokis]

I think investors underestimate the price of bitcoin. It should be much higher. When people understand the full power of this cryptocurrency, then its price will grow very quickly. Bitcoin can replace the dollar if people choose it.

[IvugeoEvolutionCoin]

I think it's because bitcoin has a very high demand and also bitcoin has a very limited supply so that the price of bitcoin can be very expensive as it is today.

[Lenipiw]

All the big companies in the world have started using and trading bitcoin one after another. I think when these big companies publish the news on their official pages that they support and transact bitcoin. Then the number of users all over the world increased more and more. Then some more small companies follow them. As a result, the popularity increased even more. The price goes up as the demand goes up.

[Chita76]

The current rate at which bitcoin prices have risen is unpredictable.  The current bitcoin price is 18,510.  Bitcoin prices are likely to rise further in the future. In 2021, the price of Bitcoin could touch 25,000 to 30,000 dollar.

[lepbagong]

The current rate at which bitcoin prices have risen is unpredictable.  The current bitcoin price is 18,510.  Bitcoin prices are likely to rise further in the future. In 2021, the price of Bitcoin could touch 25,000 to 30,000 dollar.

yes, I can agree with you that the increase in bitcoin will occur next year. Maybe the price could be more than your prediction if we look at the first and second% halving. We'll be waiting for that moment, obviously with preparations too.

[Msweet]

Although I'm not so sure about that.  I have heard that Bitcoin can no longer generate. But the demand and the number of customers is increasing day by day.  This may be the reason why the price of Bitcoin will increase all the time.

[bayiajaib]

Bitcoin is so high because I see many peoples have very enthusiastic to invest bitcoin. I think It is good for Crypto currency market. Bitcoin is still the King, It will affect all of altcoins.

[Shepherd]

This maybe because of its capability of giving anyone a chance to make money no matter who a person is as long as he can read the volatile of bitcoin. Aside from this bitcoin is believed to be a store of value making more enticement to the community to invest in it than to choose new project.