Post
Topic
Board Speculation
Re: Why bitcoin so expensive?
by
anne.montes
on 18/01/2018, 11:28:51 UTC
Bitcoin is so expensive if it will be converted to my country's currency it will cost hundred of thousands.
Why bitcoin worth that much even its only a cryptocurrency can someone give me an idea.
Because of its high demand and its scarcity. Just like in product distribution in economics, the high demand plus low supply will result to a higher price product or item.