¿Por qué el precio de Bitcoin es tan volátil?

Why is the price of Bitcoin so volatile? It seems like it can go up or down by thousands of dollars in a matter of hours or days. Is there a specific reason for this? Are there any factors that contribute to its instability, or is it just the nature of the cryptocurrency market? As an investor, it can be difficult to navigate such a volatile market, so I'm curious to know what experts have to say about the reasons behind Bitcoin's price fluctuations.