Bitcoin Price & Historical Value
Bitcoin price depends on the supply of bitcoin and the demand of investors that want to invest in bitcoin. The more investors that buy bitcoin and store it in their slush fund the higher the value of bitcoin. If your following the price of bitcoin you can see that it is volatile. The price changes very often one day the price drops by $2,000 and the next day rises $2,200.
When a lot of bitcoin investors sell their bitcoin at the same time (bitcoin dump) then the price of bitcoin will surely plummet. Like what happen early 2017 when Chinese bitcoin holders decided to sell their bitcoin at the same time. As a result price of bitcoin went to $1,000+ to $300.