Obviously Bitcoin price; the amount Bitcoin is worth at a particular time, and Bitcoin usage; the rate at which Bitcoin is adopted and used. The above phenoms surely has implications, one may be tempted to as; which is more important? The interesting fact is, price affects usage both positively and negatively. An increase in price attracts high usage, and vice versa. Conversely usage also affects the long term pricing of Bitcoin. Price has short term implications, usage and acceptance has long term implications. From the aformentioned, I can conclusively say; Price and Usage are phenoms that can influence the volatility of Bitcoin
The price of Bitcoin increases based on adoption. The more Bitcoin is adopted, the more the price of Bitcoin will continue to increase because its supply is not unlimited. So as its demand and investment increase, its price will continue to increase because the amount of Bitcoin in the market cannot be. An example of this is seen every season. The price of Bitcoin has increased thousands of times more than what it was in the beginning. And it will continue like this because the information I found on the Internet shows that approximately 106 million people worldwide are using Bitcoin, which is only 1.3% of the total population of the world, and here the price of Bitcoin has exceeded $ 100k dollars. So what will its price be when the rest also start using Bitcoin? If you think about it, even if the price of Bitcoin is a million dollars, it will not be very expensive for Bitcoin.