Why Bitcoin price is so high?

[Fawpac2]

Bitcoin is the king of all coins.  This bitcoin has gained a lot of popularity all over the world.  Currently the price of this bitcoin is in the range of 19278 dollars.  The reason for the increase in the price of this token is that its investors are the most in the world.

[ShadowCrypto]

I don't understand this Grayscale stuff. It is trading really fucking high
Each share for BCH according to Grayscale's BCH trust is 0.00933862 BCH / share
if you convert that to BCH that's $4,000 / BCH being traded on Grayscale Trust or am I do something wrong ??
Grayscale Bitcoin Trust is only trading at $23,487 / BTC

[Methos]

- bitcoin is scarce, bitcoin is the gold of the digital world and is the father of altcoin which inspired coins that currently exist -

I agree, we only have one Bitcoin. There are no other coins that can be as good as Bitcoin. That makes Bitcoin unique and becomes like a gold in crypto space. I also think that this uniqueness to make Bitcoin be always king for all crypto coins. We are lucky that Satoshi created that Bitcoin with amazing concept.

Yes every crypto undergoes a very detailed process that initially done and slayed by Bitcoin. Given the fact that it is the one of the first it got uts popularity because of its reliability and the investors see the potential of this concept.

[bigcash2011]

Bitcoin is a scarce asset, it has small, limited supply and with acceptance and adoption on the rise its demand is increasing which is increading the price but to be honest price is still cheap because in few months time we will see bitcoin becoming very expensive.

[ayatoslaw]

Bitcoin is a scarce asset, it has small, limited supply and with acceptance and adoption on the rise its demand is increasing which is increading the price but to be honest price is still cheap because in few months time we will see bitcoin becoming very expensive.

I've read a data, if bitcoins have spread in many wallets with an average of about 10 bitcoins per wallet, but I forgot a little where I read the data, if you've read data about this you can remind me.
but what I mean here is, when the coins are scattered in many wallets this indicates that mass adoption has occurred, it's just that we don't realize it,
and for the very high rise in bitcoin prices due to the whale pump and market sentiment that is supporting the bull market to come soon.

[densus88]

I think many people have answered this question, why Bitcoin price is so high. Because bitcoin is high demand and limited. I agree with this answer. Bitcoin is still superior and many investors have bought more bitcoin now.

[Falcon]

I think we forgot to mention that Bitcoin is the main source of cryptocurrency energy which allow coins to circulate. Without bitcoin I don't have any idea if what will be the present condition of cryptocurrency. Because of Bitcoin,the birth or altcoins happen. Bitcoin the main investment while altcoins is alternative.

[damsix]

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Good mate, and i wll added it .

The enthusiasts for Bitcoin are very large and very unstoppable when looking at cryptocurrency every year.
Growing big and slowly rising Bitcoin buyers, thus increasing the price of Bitcoin itself naturally and this is clear evidence why Bitcoin can be very expensive when compared to other cryptocurrencies.

[Heron]

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......

I have no idea about this but from my experience I will say. Bitcoin has already reached the top of popularity. Bitcoin has taken the top spot in the market. So investors feel comfortable investing in Bitcoin and everyone invests in Bitcoin. I think that's why Bitcoin is so expensive.

[Cristiano]

there are some reasons why the price of BTC is higher than other cryptos and why the price is so high.
1. This is the first cryptocurrency, it has very low price and then growing up having very high price.
2. Many people use and hold this with its limited supply
3. the supply is limited, but the demand of BTC is very high
4. It has very high trading volume
5. It is trusted, worthy, available to use as payment transaction, and more others.

Thank you very much.  You said it was very nicely arranged.  From where the members of June can easily understand.  We will have no difficulty in understanding if you post like this.

[XM8]

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......

I don't know about the subject you discusse.I am New to many of the Bitcoin is one of the most popular site in crypto currency would.I think it's price four times higher than that of the Merket.Ther are many senior brother in this forum who can tell you details.

[Crypto Guard]

Because indeed the number of Bitcoin is limited, while there are very many enthusiasts. Then the price can be very high. And also Bitcoin is the first coin in crypto. So it is not surprising if the price is indeed the superior and the highest value.

[saprakib]

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......

It is always first known crypto in this crypto world .It is highly used in over the world it makes it valuable .It is accepting now gradually all over the world .It is a well established platform and strong .It is the first ever blockchain as i know that's it is more popular than  any other coin.

[crevbi]

High price because people are willing to buy for that price and they believe it to be fair

[UNIVERSE]

Everyone knows that Bitcoin is the king of crypto. This is the first cryptocurrency that is created. Additionally, we are sure that BTC is a good choice both for investment and also other earning money. And the supply is limited while the demand is getting higher every day