Newcomers to the world of Internet finance to this day are wondering how to solve the phenomenon of one virtual currency. By the way, the pros pay no less attention to it. Its name is the cryptocurrency Bitcoin, and the reason for its interest in it is determined by several words: "Why is this Bitcoin so expensive?" Lets try to understand the nature of the high cost of this cryptocurrency.

 

Out of nowhere - straight to the champions

Bitcoins appeared as if out of nowhere, but soon they loudly declared themselves. A very smart, calculating and far-reaching person planning the life of this new currency was behind their creation. Who he is is still not known for certain. It is obvious that Satoshi Nakamoto is a brilliant mathematician and programmer who conceived of making Bitcoin the most expensive currency in the world.

Perhaps he was not faced with such a task, but he achieved his goal - all states of the world are forced to reckon with digital cash today. Some people almost recognize it as a legitimate means of payment, but some try to limit its use within the borders of the country.

 

Understanding the reasons

As of the second half of April 2016, 1 Bitcoin was worth 428 US dollars (the rate, of course, fluctuated around this mark) - why is it so expensive? Lets try to understand this from three different positions.

The first is traditional: the very mechanism of issuing this currency presupposes its constant strengthening.
The second is cautious: supposedly this is a gigantic scam, and an unexpected collapse will follow the strengthening of the course.
The third is conspiracy: Bitcoin is made expensive in order to test the creation of a world currency on its basis.
As serious people, we will simply discard the third version right away. But lets take the first two more seriously. And lets start with the second one.

 

Scam? - This is not serious

True, the strong exchange rate of a completely new currency (compared to centuries-old history of traditional currencies) looks suspicious. Indeed, why is Bitcoin so expensive? Just take a closer look at who immediately credits digital cash to money surrogates. These are government-controlled institutions. And their benefit in denigrating the popular monetary instrument that appeared from nowhere is understandable. Moreover, they (departments) do not control it.

Meanwhile, people not only earn Bitcoins (about ways to earn Bitcoin), but acquire them, believing - why not invest, since they are so expensive. The legend was the case when an American family from Austin, Texas, sold a Porsche Cayman for these 300, for someone virtual, coins. These people definitely believed that they were investing not in some international MMM, but acting for the future. Lets see what their confidence was based on.

 

Is it all about user friendliness?

The popularity of Bitcoin alone explains why it is expensive. However, it is better for everyone to understand the nature of these virtual coins. For active users, confidentiality and speed of transactions with a minimum commission, or without it at all, is the height of dreams. And this virtual currency fully meets the expectations of its owners. Which does not matter whether some Central Bank or the state is behind the convenient means of making payments on the Internet. They are not there - and even if, when the translation is done almost instantly. Is this the reason why Bitcoin is expensive in our modern competitive world?

 

And finally

For those inquisitive who are not limited to the three presented versions, we will tell the fourth. Bitcoin is expensive because it is the virtual equivalent of gold. If conventional currencies can be printed as much as you want, then digital cash cannot be issued this way. Its volume is limited, it is 21 million. And already in the next century, "bitcoin mines" will be exhausted. This means that these coins will only rise in price and in price.