Bitcoin’s role in global payment systems significantly impacts its price. As a decentralized currency, its adoption by merchants and payment platforms increases demand, driving value upward. Cross-border transactions, often faster and cheaper than traditional methods, highlight its utility, attracting investors and boosting prices. For instance, when companies like Tesla briefly accepted Bitcoin in 2021, its price surged. However, regulatory uncertainty and scalability issues, like slow transaction times during peak usage, can dampen enthusiasm, causing volatility. The Lightning Network’s growth, enhancing speed and cost-efficiency, may stabilize and elevate Bitcoin’s price by making it more practical for everyday use. Global economic instability also plays a role—Bitcoin thrives as a hedge against inflation, pushing prices higher. Ultimately, its price reflects a tug-of-war between adoption, innovation, and external pressures in the payment ecosystem.