Bitcoin is a decentralized cryptocurrency, which means that it has no issuer and no tangible asset to back it up. Its price is determined solely by the market, and its value can change significantly from day to day. Bitcoin transactions are fast and cheap compared to other cryptocurrencies in the market. Blockchain technology enables peer-to-peer transactions without middlemen or centralized systems. Bitcoin has survived a series of hacking attacks and even government bans, which is a testimony of its reliability. Bitcoin still hasnt reached its full potential, but maybe not enough to become mainstream.”]
Source: https://gbhackers.com/hidden-factors-driving-the-price-of-bitcoin/