Bitcoin ($BTC ) is the first decentralized digital currency created in 2009 by an unknown person or group under the pseudonym "Satoshi Nakamoto". There are several factors that make the price of Bitcoin much higher compared to other digital currencies:
1. Scarcity: Bitcoin has a limited supply of 21 million coins. This scarcity contributes to its value, just like gold.
2. Widespread Adoption: Bitcoin is the most popular and widely used digital currency. Many companies and institutions have started accepting Bitcoin as a means of payment, increasing its market value.
3. Security and Trust: Bitcoin's blockchain technology has proven its security over the years, earning it the trust of investors and users.
4. Demand and Supply: High demand for Bitcoin compared to limited supply leads to an increase in its price.
5. High Liquidity: Bitcoin has high market liquidity, which means that Bitcoin can be easily bought and sold compared to other currencies.
6. Leading role: As the first digital currency, Bitcoin is the main reference in the digital currency market and acts as “digital gold”.
7. Price fluctuations: The nature of the digital market shows significant price fluctuations, and these fluctuations attract many investors who want to benefit from price fluctuations.
