I think bitcoin is only made to look expensive like gold
but there is no physical form
But how many people are willing to buy BTC?
that's what confused me with btc
Well this is more or less like the credit on your phone.you hardly see its phisical form, yet you can use it and still willing to buy it.
same as bitcoin, it is just a product from technology development.
people willing to buy and use it, as long as they think it bring more advantages to them.
its getting expensive because new people are willing to pay higher without knowing the purpose of it nor doing any research before buying