At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.
Imagine having a currency that can be sent through the blockchain without relying on any intermediaries. The reason on why its price skyrockets is due to this p2p function that can be sent to users. Its anonymity is what makes it really special as it also eliminates the need for any third-party consensus.
The price of BTC is mainly derived from the law of supply and demand. Along with its limited supply of 21 million, inflation is guaranteed. As many people use and purchase it, its price continues to increase especially if a fork happens (2-4 years from now).