Hello!
There are several reasons why Bitcoin is so expensive. Here are some of them:
Limited supply: A total of 21 million Bitcoins will be created. This means that the supply of Bitcoin is limited, making it more valuable.
High Demand: There is a high demand for Bitcoin as people see it as a way to invest or pay for goods and services.
Decentralization: Bitcoin is a decentralized currency, meaning that it is not controlled by any government or financial institution. This makes it attractive to people who want to escape government control.
Popularity: Bitcoin is the most popular cryptocurrency in the world. This means that it has wider acceptance and a wider user base.
I use cryptocurrency for gambling payment when making deposits on gaming sites. This is a fast, secure and convenient payment method. I personally use Bitcoin to make deposits on gambling sites.
Here are a few benefits of using cryptocurrency for gambling:
Fast Transactions: Cryptocurrency transactions are processed very quickly. This is important for online games where players need to be able to deposit and withdraw money quickly and easily.
Low fees: Cryptocurrency transaction fees are very low. This helps save money.
Security: Cryptocurrencies use cryptography to ensure the security of their transactions. This helps protect your funds from hacking and theft.
I believe that cryptocurrency will continue to develop and become more popular as a payment method for online games.