I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Bitcoin has the largest market cap in the crypto market because it has the potential to store values and so much, not highily volatile like the AltCoins that're highily volatile very vulnerables to dump due to it limited utility potentials.
Very quickly, bitcoin has been a hot coin for enthusiasts in the crypto space in that it has a limited supply of 21 million invented bitcoins which is very intensive and attracted by users to buy because investors are holding and accumulating so much of it otherwise investing for long term which also big whales are diving into the bitcoin market including small investors are wailing to buy before it runs out of stock.
So it's like demands are more than the supplies due to the limited supply of bitcoin.