A reason why bitcoin has high value now.

[Mahnoor]

Bitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 — up about 77% over the past month and 305% over the past year.

First launched in 2009 as a digital currency, Bitcoin was for a while used as digital money on the fringes of the economy.

It has since become mainstream. Today, it’s used almost exclusively as a kind of “digital gold”. That is to say, a scarce digital asset.

 

[McChris]

One you should know is that every happens the way it's supposed. To come to Bitcoin stuff it's raising base on that maker demand and supply and also the way crypto currency exchange are now to people used g them. So makes it will some don't

 

[Emma Aneni]

Bitcoin's price increase can also be attributed to its stock-to-flow ratio and deflation. Should Bitcoin continue on this trajectory as it has in the past, investors are looking at significant upside in both the near and long-term future bitcoin is real earning.

 

[Bookwormlux]

Bitcoin's price increase can also be attributed to its stock-to-flow ratio and deflation. Should Bitcoin continue on this trajectory as it has in the past, investors are looking at significant upside in both the near and long-term future

The Elon musk effect is also a significant one. After he purchased up to $1.5 billion worth of BTC that the price went up, also many more investors saw potentials and invested their money. There's hope for more increase in price.

 

[solomonmali]

Many organization in various industries consider Bitcoin as a form of medium of exchange because its mechanism is designed to eliminate centralization and the possibility of fraud by making it a real-time transaction process. it is not involving any third-party or any intermediary, you have the full authority to choose how you manage and control your assets.

 

[Akinwale701]

The same reason the price of bitcoin has always increased in the past - increase in demand with a disproportionate change in supply. If this continues the price of bitcoin will continue to be high to the extent that only a few rich individuals will be able to afford it

As we know that crptocurency are in limited amount . Same case with bitcoin, only a particular number of bitcoin is present globally which circulates all around the world. As more and more people are investing in it, it's value goes on increasing. As some people thinks this as a one night rich scheme.

 

[Chumzy]

There has been a little drop in the value of Bitcoin today particularly. Bitcoin has been on a crazy rise all through this week and did not look like stopping. I see it falling further down and then after a while it will push up and rise.

 

[ahmedo24]

There has been a little drop in the value of Bitcoin today particularly. Bitcoin has been on a crazy rise all through this week and did not look like stopping. I see it falling further down and then after a while it will push up and rise.

Personally, I knew the bull run won't continue because the Elon Musk Investment will reshape the market for a while but if more big Investors had follow immediately the price might have gone above $50k by now.

 

[Adetayo100]

Few reasons why bitcoin has high value now is that Bitcoin is the first crypto coin ever know so it has gained popularity and value over time. Bitcoin was once like this other coin now and it will keep increasing in value because no coin can match it popularity.

 

[Koredsman]

Bitcoin price has increased lately maybe due to the ban on it by the central bank. Now I guess few people has assess to operate with it and it is the one of the easiest and modern way of transaction

 

[Cee C Chriss]

Bitcoin has the world most accepted and deployed cryptocurrency which had been relevant for the past decade. It value and worth made it surpass every other coin like ethereum, litecoin, dogecoin etc. when it comes to investing all time. Its value and worth in the nearest future will surely multiply by it present value. It a win win for those who buy and sell bitcoin anytime anyday. It really worth investing your time, effort and money on. Its coin with a good prospect.

Post automatically merged: Feb 13, 2021

Bitcoin has the world most accepted and deployed cryptocurrency which had been relevant for the past decade. It value and worth made it surpass every other coin like ethereum, litecoin, dogecoin etc. when it comes to investing all time. Its value and worth in the nearest future will surely multiply by it present value. It a win win for those who buy and sell bitcoin anytime anyday. It really worth investing your time, effort and money on. Its coin with a good prospect.

 

[Adetayo100]

There has been a little drop in the value of Bitcoin today particularly. Bitcoin has been on a crazy rise all through this week and did not look like stopping. I see it falling further down and then after a while it will push up and rise.

Bitcion has also decreased in value against other coin today, you are the rise of bitcoin was phenomenal last year, i don't see the feat repeating itself this year, it is going to be very hard to achieve last year feat. But i still back it to go high again.

 

[Bilal0087]

As we know that crptocurency are in limited amount . Same case with bitcoin, only a particular number of bitcoin is present globally which circulates all around the world. As more and more people are investing in it, it's value goes on increasing. As some people thinks this as a one night rich scheme.

Yes dear you are very right, the limited amount of Bitcoin is present in the world.
The number of people who are investing with Bitcoin are increasing so, it's demand is increasing and its buying pressure has also increased, so its value has increased upto $48,000 and I hope that in the coming week it to cross $50,000.

 

[Segshowee]

As we know that crptocurency are in limited amount . Same case with bitcoin, only a particular number of bitcoin is present globally which circulates all around the world. As more and more people are investing in it, it's value goes on increasing. As some people thinks this as a one night rich scheme.

With everyday that passes by, Bitcoin is gaining popularity and more people are getting involved. Though highly volatile but quite rewarding. Many organizations are getting involved too, investing into it thereby pumping its price and value.

 

[Sarfraz Ali123]

If the rising prices in the crypto market have got you thinking that it is too late to invest in cryptocurrencies, understand that this is just the beginning.
With more countries seeking to regulate the market, cryptocurrencies will become mainstream.

 

[BlueNote]

Bitcoin's price increase can also be attributed to its stock-to-flow ratio and deflation. Should Bitcoin continue on this trajectory as it has in the past, investors are looking at significant upside in both the near and long-term future.

 

[Eodine]

The limited available coin is one major factor that determined the value of a coin and as you have rightly said the more investor the coin has for it's limited supply then the more scarce it gets leading to a rise in price.

 

[btaliat]

Bitcoin growth is always attributed to some situations. Last year, bitcoin went up so high because of the lockdown and increment in online business while this year, the number of giant investors lead to its increment.

 

[Mawome]

Bro the reason is not far fetched, Bitcoin is the most important and high value coin ever, it's the number one coin to be introduced in the world of crypto currency, I have never heard about any crypto currency that is higher than Bitcoin it's the best thing that can happen to any body.

 

[Suba]

There are many reasons why the price of Bitcoin is high, first because the max supply is limited, and there is a lot of demand for long-term investments so that the circulation or supply of Bitcoin in the market decreases so that the price goes up. Nowadays people rarely want to sell Bitcoin, even more will buy.