we see bitcoin today experiencing high fluctuations below and will always drops, probably going back to the point of $ 4500. but if I look with bitcoin stock today which a little again $ 3.5 million , then this condition is not normal. because it should be when bitcoin is scarce, then price and value will quickly rise and higher. but today why down? do we have to wait 1 million bitcoins?
It is not only the scarcity of a good that determines its value, there are other factors such as its usefulness, however, this will vary and it will be granted depending on the preferences of each user or the situation in which they are, that is, the demand is the predisposing factor in the determination of its price, and due to the direct price-demand relationship, a fall in demand will mean a fall in its price level.