Quote from: albon on Today at 07:15:40 PM

Quote from: Dewchim on Today at 02:45:48 PM

Most cryptocurrency traders accept Bitcoin, which has a diverse community. The higher the demand for cryptocurrency, the more value it will have. Bitcoin is one of the most popular digital currencies. which also increases its demand.

There are many factors that make bitcoin have value, as you mentioned, the greater the demand and less the supply of bitcoin, the greater its value. The value of bitcoin is represented in its scarcity, as there is a limited amount of bitcoin supply, and more than that will not be available in the future. Also, the trust factor plays an important role among investors in increasing the value of cryptocurrencies in general and Bitcoin in particular. Also, the benefit of using Bitcoin and its centralized characteristics and its most secure and common network is what make it have a high value among most other currencies, In addition to the adoption of Bitcoin by major companies and institutions as a method of payment, which increases its daily use cases and leads to an increase in its value.

Demand to the supply creates the value. At the beginning the buying of pizza in exchange for bitcoin gave value. Over the years of continued acceptance into different platforms as well as into different businesses made cryptocurrencies to be more valuable with time. The core objective for which bitcoin got innovated is slowly reaching its purpose as people prefer to stay decentralized than into the corrupt system.