What is Bitcoin and what are the factors that ma drive its price upward?

Bitcoin is a decentralized digital currency, often referred to as a cryptocurrency. It was created in 2009 “Satoshi Nakamoto”. What makes Bitcoin great?

Bitcoin exists only in digital form. So It has no physical counterpart, and unlike traditional currencies controlled by governments and central banks, it operates on a decentralized network called the blockchain, also its limited supply is capped at 21 million coins, which makes it a deflationary currency. All these factors and the security of its transactions contribute to its value.

Some factors can drive Bitcoin's price higher, including increased demand, limited supply, economic uncertainty, technological advancements, and macroeconomic events.