Why is the value of bitcoin unpredictable?

As a keen observer of the cryptocurrency market, I often find myself pondering: why is the value of Bitcoin so unpredictable? Despite its increasing popularity and adoption, the digital currency's price fluctuations seem to defy logic, ranging from soaring highs to dizzying lows. Could it be the inherent volatility of the decentralized system? Or perhaps the impact of global economic factors and regulatory uncertainty? The question remains: what drives these volatile price movements, and how can investors navigate this uncertain terrain? Surely, there must be some rhyme or reason behind this seemingly chaotic market behavior.