We do not crypto coin vs token provide investment advice. The price of bitcoin started off as zero and made its way to the market price you see today. It appears that the market is placing value for the following reasons. Bitcoin Halving or sometimes also known as the Halvening, refers to the reduction of block reward to miners by half. This is part of its built-in monetary policy, in which after every approximately 4 years, the mining reward will be halved towards the limited capped supply of 21 million Bitcoin. Once 21 million of Bitcoin have been minted, there will no longer be new supply of it rewarded to miners, and miners are expected to earn revenue by way of transaction fees. She added that it was also likely that "a pump and dump scenario is partly playing out after there were calls on social media forums for fans to buy tranches of bitcoin to celebrate the bitcoin law in El Salvador. Some speculators cashing in on the previous sharp gain may have sparked further falls."