A reason why bitcoin has high value now.

[Kelly5]

The Bitcoin cryptocurrency has a very high value that cannot be compared in price to other cryptocurrencies because it has a higher demand than supply in the market today than other cryptocurrencies

 

[Justin]

Compared to what it was about a year ago, bitcoin certainly has high value However, when we compare with the previous all time high, the price has gone down by $20K.

 

[greenie]

The rise in the value of the bitcoin can also be attributed to its stock-to-flow ratio and deflation. Should the bitcoin continue at the same pace as in the past, investors are seeing significant upside in both the near and long term.
The rise in the value of the bitcoin can also be attributed to its stock-to-flow ratio and deflation. Should the bitcoin continue at the same pace as in the past, investors are seeing significant upside in both the near and long term.

 

[Laurentta]

Bitcoin has a high value now because alot of people are investing in it. If the amount of people investing in bit coin reduces, the value of bitcoin will also reduce or drop.

 

[Robust]

The reasons why Bitcoin is having more value than other coins is because of the famous number of participants in the market of Bitcoin and the demand the put in Bitcoin makes it more valuable.

 

[HayKay]

You're absolutely right; the limited supply of Bitcoin makes it have high value as it shows a lot of trust for investors who haven't ceased trying to get a share. Also it's the most commonly accepted crypto payment denomination which has also increased its value as well.

 

[HK World]

The price of a single Bitcoin has seen a massive increase since the cryptocurrency was first introduced in 2008 — with big ups and downs along the way.

Bitcoin continues to draw interest from investors for its long-term record of building and maintaining value.

Bitcoin (as a form of currency) has value because people think they do, and societies or groups have decided they are going to be used as a medium of exchange.

 

[joy101]

Bitcoin has seen its value rise to all-time highs around ... What's driving the cryptocurrency higher today? ... One reason we use dollars is that we don't expect the value

The reason why Bitcoin has value is because more individuals is into Bitcoin that is main reason the price so high, and many people like investing their money Into it, so to make good profit in the investment.

Bitcoin has seen its value rise to all-time highs around ... What's driving the cryptocurrency higher today? ... One reason we use dollars is that we don't expect the value

Bitcoin has high value because is very popular coin that many people are investing on it, and also the price has more value than other cryptocurrency and looking at it the price will continue to increase.