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  2. Bitcoin is expensive because it is not regulated and does not have accurate forecasting and prediction markets, resulting in a currency valued entirely through supply and demand. Part of the risk for investors to trade their fiat currency holdings into bitcoin is due to its high price volatility.
    bitcoiniracompanies.com/blog/why-is-bitcoin-so-ex…
    Bitcoin has a limited supply of 21 million coins, creating scarcity, which some describe as akin to precious metals. Demand and market sentiment significantly impact Bitcoin’s value; media coverage, regulatory changes, and global economic conditions can lead to price fluctuations due to increased buying or selling pressure.
    crypto.com/bitcoin/bitcoin-value-what-drives-btc-wo…
     
  3. People also ask
    Why is bitcoin worth so much?For those wondering why Bitcoin is so valued by some, here are the factors that determine the worth people ascribe to it. Bitcoin (BTC) has a limited supply of 21 million coins, creating scarcity in what some describe as akin to precious metals.
    Why is bitcoin so valuable?While there’s no single right answer to this question, Bitcoin has several properties that make it extremely unique and valuable, including: Decentralization: Bitcoin does not rely on banks, administrators, or central authorities. This means that economic or geopolitical instability has no bearing on the functioning of the Bitcoin network.
    Is bitcoin a risky investment?Bitcoin is a cryptocurrency that is nothing more than computer code that has been on the financial scene since 2009. Some consider it a risky investment because it does not use the same traditional tools that are normally used for selecting an investment. It can be thought of as a whole new way to trade. However, it is currently very expensive.
    Why is bitcoin so expensive?Bitcoin's price is primarily driven by supply, demand, fear, and greed. Some people argue that its price is correlated to its cost of production, its utility as a store of value, or its intrinsic value—but if these were true, it would not be as volatile and reactive as it is.
     
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  6. WebJan 6, 2021 · Bitcoin is a scarce digital asset that functions as a decentralised network and a hedge against inflation. Learn how its value is determined by supply and demand, and what factors drive its recent …

  7. WebJan 7, 2021 · Trading View. Read more: Why is Bitcoin's price at an all-time high? And how is its value determined? One reason for the massive price rise is that there has been a big influx of investors from...

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