What Determines the Price of Bitcoin?

Bitcoin has been available to the general public for about a decade, but its widespread use is a recent phenomenon. Various people have begun to invest in one of the many digital coins that are now accessible. Mining, the act of making these coins, is restricted to computer geeks who use supercomputer systems to solve complicated mathematical equations to create virtual currencies such as Bitcoin, the oldest and most famous of them all.
Bitcoin coin on Libra

The blockchain technology that underpins these coins, based on the concept of decentralization, is critical to their long-term viability and security.

Bitcoin also has many other appealing characteristics. It is quick, borderless, and decentralized, with the potential to transform the financial world. Today, it is valuable as a payment method and asset class (a store of wealth). It’s also crucial because the coin depends on open protocols, which means anyone may improve the system by innovating on top of it.

Even when compared to other, newer cryptocurrencies, Bitcoin has indisputable utility. At present, there is simply no other cryptocurrency with the highest utilization value and is well integrated. We’re starting to see exponential growth due to network effects, which increases the value as more individuals use Bitcoin and more retailers accept it as a form of payment.

Thousands of merchants worldwide now accept Bitcoin as a form of payment, demonstrating the currency’s rising utility. Take, for example, telephones. When the first telephone came into existence, it had little value because few people utilized it. However, when more individuals began to use it, its utility increased tremendously.

You can say the same for Bitcoin: the more people who use and understand it, the more helpful it becomes to everyone else.

What exactly is Bitcoin?

Bitcoin, often known as a type of cryptocurrency, virtual currency, or digital currency, is a purely virtual form of money.

It’s similar to an electronic version of funds. You can use it to purchase goods and services because many stores accept it, but several nations have obliged their laws. However, some businesses are beginning to see enhanced interest in Bitcoin.

For example, in October 2020, PayPal, an online payment provider, announced that its clients would buy and trade Bitcoin. Physical Bitcoins are a unique instrument. They’d be useless if they didn’t have the private codes printed on them.

Bitcoin's History

Bitcoin has taken investors and the whole world on a wild journey from humble beginnings in 2008 to its price peak in 2017. It’s risen, fallen, rallied, then risen again in just over a decade.

“Bitcoin utilizes economic ideas and market efficiency principles,” explains Hemang Subramanian, an assistant professor in the business information systems department at Florida International University. “It is an asset that does not belong to a single body, secure, international, tangible, liquid, and has a fixed supply for trading. Prices have risen disproportionately quickly, drawing additional investors because of the high demand and near-constant supply.”

Some would argue that Bitcoin’s tumultuous voyage paved the way for the thousands of other cryptocurrencies that are suitable for financial and investment purposes, he argues. This is how Bitcoin accomplished it.

What Year Did Bitcoin Begin?

“A pseudonymous person named Satoshi Nakamoto introduced the world to Bitcoin on October 31, 2008, at the height of the financial crisis,” says Chetan Chawla, an assistant professor of entrepreneurship at North Central College in Naperville, Illinois, who studies blockchain technology.

“Bitcoin P2P e-cash document,” Nakamoto said in a posting to a cryptography email list. Bitcoin is more like a Peer-to-Peer Electronic Cash System” was included. Both of these are still available for purchase on the internet.

Nakamoto outlined the notion of Bitcoin as a decentralized, digital currency in these writings. According to Kris Marsza, the term “decentralization” means that there is no single administrator and instead of a public log of transactions that anybody can maintain on their computer. “On the peer-to-peer Bitcoin network, coins can be sent from one user to another without the use of intermediaries.”

When the first block, also called the foundational block, was mined on January 3, 2009, miners officially started the blockchain. the first test transaction took place 7 days later. “It was only available to miners validating the Bitcoin network for the first few months of its existence,” Chawla explains.

According to Mark Grabowski, an associate professor who taught a Bitcoin-related course and the owner and the book titled “Cryptocurrencies: A Primer on Digital Money,” Bitcoin has no physical monetary value. Miners – machines that solve complex math problems to discover new bitcoins and verify that existing bitcoin transactions are valid and authentic – would exchange Bitcoin for fun.

The first financial trade took more than a year to complete when a man agreed to have two Papa John’s pizzas worth $25 delivered for 10,000 bitcoins in 2010. Grabowski claims that “the transaction effectively established the original real-world price or value of bitcoin at 4 bitcoins per penny.”

Today, that same deal “would be worth $114 million,” according to Peter C. Earle, research personnel at the American Institute for Economic Research. Fans and advocates of cryptocurrencies have designated May 22 as Pizza Day in commemoration of this watershed occasion.

“The original Bitcoin transactions were ‘negotiated’ on internet forums with people bartering for products and services in exchange for bitcoin,” explains Garrette Furo, a partner at New York-based investment management firm Wilshire Phoenix. “Bitcoin’s value was set arbitrarily at first.”

Miners and software engineers began to build new networks, such as Ethereum and Litecoin, in 2011. They began to update the technology behind Bitcoin’s blockchain, adapting it for different uses, according to Furo.

“This broader array of applications attracted more people, contributing to the rise in Bitcoin’s perceived value,” he explains. “As a result of select businesses accepting Bitcoin alongside traditional currencies, there was also a rise in the use of Bitcoin as currency.”

It became more accessible to possess, purchase, sell, trade, and store Bitcoin after it became available on exchanges about a decade ago. According to Chawla, bitcoin will be valuable in terms of the US dollar thanks to this platform. “Bitcoin has gone far and continues to control the crypto markets, rising from few cents in 2010 to an all-time high of $65 000 per bitcoin in late 2021.”

What is Bitcoin's mechanism?

Each Bitcoin is essentially a file stored on a smartphone or computer in a “digital wallet” program. Traders can send Bitcoins (or portions thereof) to your digital wallet and send Bitcoins to other users. The blockchain ledger hosts details of every single transaction. It permits people to follow the history of Bitcoins, preventing them from spending coins they don’t own, copying transactions, or undoing them.

To get this, we must first comprehend how a bitcoin differs from a fiat currency (Indian Rupee, US Dollar, etc.). The most significant distinction is that fiat currency is supported by governments and declared legal tender. Its worth is derived from the fact that two parties in a transaction place their faith. Most nations use a fiat currency system, in which central banks and monetary reserves regulate the money supply and, as a result, indirectly restrict inflation.

Governments do not regulate cryptocurrency; it is decentralized. They are yet to be accepted as legal tender in the majority of countries. Cryptocurrencies will also often have a fixed supply, making inflationary devaluation improbable.

Aside from that, they share a lot of similarities. You may use both to buy goods and services, and they both have a relative store of worth.

The public ledger of Bitcoin

Every bitcoin transaction is automatically recorded in a decentralized ledger, not controlled or manipulated by a single party. Cryptography secures all transactions, which anybody may view at any time from any location.

Bitcoin nodes counts

The node count measures the number of active wallets on the network. It’s a decent indicator of a bitcoin’s worth. To determine whether a currency has been purchased by many buyers or has a fair price, look up the node count and total m-cap (market cap) of bitcoin, then compare the two indications to other cryptocurrencies. The number of nodes also indicates the strength of a bitcoin community; more nodes indicate stronger communities.

Exchanges for Bitcoin

A person can learn about bitcoin by visiting an internet exchange. There you may get all the information you need about a cryptocurrency, including its market capitalization, performance over the last few months, total money in circulation, and current and historical worth. All cryptocurrency coins, such as Bitcoin, Ethereum, and Dogecoin, can be traded for a fee on these exchanges.

How can people possess Bitcoins?

There are three primary methods for owing Bitcoins.

  • You can purchase Bitcoins with real money
  • You can sell products and accept Bitcoins as a payment gateway
  • They can be made with the aid of a computer

A digital currency that is both useful and decentralized

Bitcoin is a “decentralized” currency. Rather than depending on a central authority like a central bank, it operates through a decentralized peer-to-peer network. It realizes this by enlisting the help of Bitcoin “miners.” This is anyone who chooses to run software on the blockchain to validate Bitcoin transactions. These are usually folks who are very interested in cryptocurrency.

They are rewarded with bitcoins, which are created at a rate of 10 every minute. However, every four years, the price paid to miners is cut in half. Satoshi Nakamoto, the network’s founder, programmed this progressive decline into the network to mirror the process of obtaining actual gold — easier at first but harder with time.

Bitcoin miners now receive 6.25 bitcoins for each block they mine, compared to 50 in the early days. Because scarcity grows with time, this creates an incentive to get involved early.

What is the significance of Bitcoin?

There are several plausible theories for why Bitcoin has become so important to so many individuals.

It’s a “safe” investment

Buying bitcoins is a means for consumers to diversify their investments in the face of global instability. Its market worth is comparable to gold, another go-to asset that shines in times of crisis.

With the world in confusion due to a global epidemic, an unusual US presidential transition, and global geopolitical power shifts, it’s feasible that more people will see gold and Bitcoin as superior alternatives to dollars.

Bitcoin compared to privacy-focused philosophies

Bitcoin (and other cryptocurrencies) are not politically or ideologically neutral. It arose during the internet era when privacy was a significant concern.

We can trace Bitcoin’s intellectual and ideological roots back to the 1990s and early 2000s “cypherpunk” movement.

According to records from internet forums, it was proposed as anonymous digital money that would allow people to connect online without being traced by governments or companies, providing an alternative for those who reject the Federal central banking system.

Perhaps the increased use of digital surveillance in reaction to the COVID pandemic has heightened public concerns about online privacy and security, reigniting interest in Bitcoin’s possibilities.

As a result, the price is projected to grow to fulfill demand. However, because future scarcity is known in advance (at four-year intervals), halving events are usually already factored in.

As a result, significant price increases and decreases often reflect shifting demand conditions, such as an influx of new institutional investors. Bitcoin is becoming increasingly popular among public firms.

Why is Bitcoin so popular?

Bitcoin’s recent price surge can be attributed to three factors: ideology, social sentiment, and hope.

Although these are variable factors, the importance of the digital economy, interest in the technology as it evolves, and the influence of institutional investors in cryptocurrencies, especially Bitcoin, should not be overlooked.

Bitcoin is in the “bull market” zone, which means it’s on the rise. It was created to increase in value over time, according to the principles Nakamoto incorporated into the software code, which Bitcoin’s most ardent supporters, known as “maximalists,” fervently defend.

Why do Bitcoins have such a high value?

Gold and diamonds are two instances of non-monetary items that humans deem valuable. Cocoa beans were utilized as currency by the Aztecs! People are willing to trade bitcoins for tangible goods and services and cash, making them useful.

How is Bitcoin's price determined?

Bitcoin’s price is not the same as its worth. The market in which it trades determines its price, which is governed by supply and demand. The cost of a used car, a bag of apples at the grocery, an ounce of gold, and just about everything else is set in the same way.

The price of Bitcoin and other cryptocurrencies is determined by the continual interaction between buyers and sellers trading with one another.

When determining price, however, one must also consider the amount that purchasers are ready to pay now for the item’s future value. In other words, if the market expects the price of something — such as real estate, a particular stock, or Bitcoin — to rise in the future, it is more likely to pay more for it today.

The earlier part of this article states some of the recent cases for Bitcoin. Still, because Bitcoin is a dynamic and expanding technology, many people believe there will be many more in the future. Perhaps some that we haven’t even considered.

Bitcoin (BTCUSD) is a cryptocurrency created in 2009 by Satoshi Nakamoto, the moniker given to the virtual currency’s anonymous creator (or creators). Transactions are recorded on a blockchain, revealing the history of each unit’s transactions and establishing ownership.

Bitcoin is not issued by a federal body or backed by a central bank. Unlike traditional currencies. Because Bitcoin is not a corporation, acquiring a bitcoin is not the same as purchasing a stock or bond. As a result, no corporate balance sheets or Form 10-Ks are available for perusal.

What is the source of Bitcoin's value?

The demand for a Bitcoin currency is the most effective approach to determine its price. The value of a digital coin will increase if there is a high demand from buyers. In contrast, if a cryptocurrency has a sizeable token supply but little demand, its value will plummet. The level of token utility — that is, how valuable the token is — is another element that influences the price of a crypto coin. A complicated mining method would increase the coin’s supply more complex, putting upward pressure on the price when demand is high.

Mass Adoption

Cryptocurrencies, like Bitcoin, are now regarded as safe-haven assets in the face of market volatility and inflation. People are holding less cash and staying hedged against market volatility because of the current societal and economic state.

There has been a recent trend among open businesses to convert their cash treasuries to cryptocurrencies. Square, a payments corporation based in the United States, purchased $50 million worth of Bitcoins. Following this, Microstrategy, a publicly-traded firm in the United States, transferred $425 million in cash reserves to Bitcoin, believing to be a reliable store of value.

The value of a crypto coin can skyrocket if more individuals invest in it. These virtual currencies are still a long way from being widely adopted. Why? Because they are related to real-world issues. One, you cannot exchange them as extensively as fiat currency for goods and services. For this digital currency to obtain widespread adoption, its utility must rise, and the transaction must appear profitable to the buyer.

High volatility prices

The Bitcoin market is at its early stage, and many people do not know how The characteristics of new marketplaces make them inherently unpredictable. Then there are the whale accounts, which hold a significant quantity of Bitcoins and manipulate prices to benefit.

Easy Public Access to Cryptocurrency Cryptocurrency is a digital currency that traders may use to store wealth. While it is only now gaining traction as a legitimate payment method, it has already established itself as a new asset class during the last decade.

Even though the general public is unwilling to use it for transactions, many people desire to convert their cash into crypto coins because they believe it is a better store of value and inflation hedge because of its deflationary nature. Several platforms have established and received funding to make crypto investing more accessible.

As bitcoin becomes more widely available, more individual investors clamored for a piece of the action and were willing to pay a premium.

Why does the price fluctuate so much?

Price fluctuation is known as volatility, and it is not just the Bitcoin exchange rate that fluctuates. Many things, including stocks, currencies, oil, and various products, can be highly volatile, fluctuating dramatically against a base currency like the US dollar.

When compared to other businesses, the Bitcoin market is still very modest. The price of a Bitcoin is still relatively unpredictable because it doesn’t take a lot of money to swing the market price up or down.

However, Bitcoin’s volatility has been steadily decreasing, and it has recently been considerably more stable.

What Effect Does Bitcoin's Scarcity Have on Its Price?

The term “scarcity” refers to the digital currency’s limited supply. The demand should exceed the supply in the ideal scenario to make the coins more valuable. Bitcoin, for example, has a finite quantity that never exceeds 21 million coins. As the most popular cryptocurrency globally, Bitcoin is in high demand and is increasing in value. Some currencies use a so-called “burning” process to drive the rise in value by destroying a portion of the coin supply.

Bitcoin (BTC) is a limited-edition digital currency with a maximum supply of 21 million coins. Bitcoin’s scarcity is characterized as “unforgeable costliness” because its creation consumes a lot of electricity and cannot be cheaply counterfeit, unlike altcoins and fiat money. Based on the available Bitcoins on the market and the yearly created coins, the stock-to-flow model may be used to anticipate the worth (and thus the price) of Bitcoin.

This is extremely valuable since traders can use it to forecast Bitcoin’s price in the future. The stock-to-flow ratio is calculated as BTC in reserves divided by BTC mined annually.

The higher the parameter ratio, the more valuable the product (Bitcoin) becomes. That is to say, the bigger the ratio, the higher the product’s price.

In contrast to fiat cash, bitcoin has a limited quantity. There will always be a definable number of bitcoins in circulation. Demand for bitcoins outpaces supply because new bitcoins are created at a set rate that diminishes over time. This adds to the price’s increasing pressure.

Furthermore, Bitcoin’s future monetary policy is inevitable, providing investors with high confidence that inflation will be introduced or enhanced later in the future. On the other hand, Fiat currency generation and distribution have the potential to be unlimited and unpredictable. Most central banks aim for a low inflation rate. These rates can be altered anytime by a small committee, and the valid inflation rate of fiat currencies is practically impossible to calculate.

Bitcoin’s price is far more sensitive to changes in demand due to its restricted supply and small market cap, resulting in increased price volatility.

Inflation and Deflation

Inflation happens when the money supply or velocity rapidly increases, leading prices to rise and the currency’s value to decrease. Due to its limited quantity, Bitcoin is deflationary. Bitcoin is protected against hyperinflation by its limited supply. The power of a government to print a limitless amount of currency has resulted in periods of hyperinflation, driving the value of numerous fiat currencies to zero, notably the German Mark and the Zimbabwean dollar.

Concerns of deflationary spirals are unfounded and unsupported by economists; in bitcoin and fiat currency, supply and demand have permanently corrected such events. Bitcoin is also a secure long-term store of value due to its restricted quantity, which makes it equivalent to, and in some cases superior to, gold.

Identifying the Factors That Influence Bitcoin's Price

Bitcoin, unlike traditional currencies, is neither issued by a central bank nor backed by a government; as a result, monetary policy, inflation rates, and economic growth statistics that traditionally influence currency value do not apply to Bitcoin. The following factors, on the other hand, have an impact on Bitcoin prices:
  • The supply of Bitcoin and the demand for it in the market
  • The cost of manufacturing a bitcoin via the mining process
  • Bitcoin miners receive rewards for validating transactions on the network
  • The number of cryptocurrencies in competition
  • The state of its internal governance and the regulations controlling its sale and use
  • Up to date information


The supply of a particular asset has a significant impact on its price. A rare asset is more likely to command high prices, whereas a great asset will command low prices. Since its beginning, Bitcoin’s supply has been falling. The cryptocurrency protocol only creates new bitcoins at a set rate, which will slow down over time. As a result, the supply of Bitcoin has decreased from 6.9% in 2016 to 4.4 percent in 2017 and 4% in 2018. 2 Bitcoin halving events, which happen every four years, usually result in a considerable increase in the cryptocurrency’s price because supply has been cut-off.


Bitcoin has drawn the attention of retail investors, even though it has yet to find popularity as a medium of trade. The demand for Bitcoin changes depending on economic and geopolitical factors. China’s residents, for example, may have utilized bitcoin to avoid capital regulations in 2020, according to reports. 3 Bitcoin has also grown in popularity in nations like Venezuela with significant inflation and devalued currencies. 4 It’s also popular among criminals, who use it to move enormous sums of money for illegal purposes. 5 Finally, more media coverage has raised investor interest in cryptocurrencies. This means that a decrease in supply has coincided with an increase in demand, fueling bitcoin prices. The bitcoin ecosystem has become characterized by alternating periods of booms and crashes. For example, in 2017, a surge in bitcoin prices was followed by a long winter.

Production Costs

The cost of production, like that of other commodities, has a significant impact on setting the price of bitcoin. According to studies, Bitcoin’s price in crypto marketplaces is strongly connected to its marginal manufacturing cost. The cost of production for bitcoin is generally equal to the total of direct fixed expenses for infrastructure and power required to mine the cryptocurrency and an indirect cost due to the algorithm’s difficulty level. Miners compete to solve complicated math problems, with the first miner receiving a reward of newly mined bitcoins and any transaction fees accumulated since the last block was located. To solve the problem, you’ll need to use brute force, which means a lot of computing power. In terms of money, this means that the miner will have to invest in racking mining rigs with high-end CPUs. According to some estimates, bitcoin mining also comes with high electrical expenditures, which account for 90 to 95 percent of total costs. According to some estimates, the amount of electricity consumed by bitcoin mining is equivalent to or greater than that consumed by whole countries. The difficulty level of bitcoin mining’s algorithm is an indirect cost. The difficulty levels of bitcoin’s algorithms can speed up or slow down bitcoin production, altering its overall supply and, as a result, its price.


Hundreds of different tokens compete for crypto investment funds, although Bitcoin is the most well-known cryptocurrency. Bitcoin is expected to dominate cryptocurrency markets by 2021. However, its power has dwindled with time. Bitcoin accounted for more than 85% of the total market capitalization of cryptocurrency markets in 2017. By 2021, that percentage has dropped to under 50%. The leading cause for this was a rise in the knowledge of alternative currency and their possibilities. Because of a surge in decentralized finance (Defi) tokens, Ethereum’s Ether (ETHUSD) has emerged as a formidable competitor to Bitcoin. Ether, the cryptocurrency utilized as “gas” for transactions on its network, has attracted investors who see its promise in redesigning the rails of modern financial infrastructure. On October 13, 2021, Ethereum accounted for about 18% of the total market capitalization of cryptocurrency markets. The popularity of Ripple’s XRP (XRPUSD) and Cardano’s ADA has also risen, while the rise of stable coins has drawn attention to Binance’s BNB token. Competition has lured investors to the asset class, despite having drained investment money away from the Bitcoin ecosystem. As a result, demand for cryptocurrencies has soared, as has public awareness of them. Bitcoin has benefited from the attention as a flagbearer for the cryptocurrency ecosystem, and its prices have risen.

The number of cryptocurrencies in competition

There’s no doubting that Bitcoin is one of the most well-known cryptocurrencies, but around 1000 other coins are fighting for market share. Ethereum (ETH), Polkadot (DOT), Binance Coin (BNB), and Cardano are some more notable altcoins (ADA).

Price Impacts of Influencers

Influencers or tech behemoths like Elon Musk can have a massive impact on Bitcoin’s price. A single tweet can spark the crypto market from the man behind Tesla. Musk announced a few months ago that Tesla would no longer accept Bitcoin payments due to environmental concerns. The price of Bitcoin fell by about 15%. Musk tweeted another meme about breaking up with Bitcoin on June 3, 2021, and the cost of Bitcoin dropped another 5%. Musk recently stated that Tesla would accept Bitcoin payments after crypto miners switch to “acceptable clean energy usage” and Bitcoin values rise by 8%.

Recent Regulatory Changes

Bitcoin was developed in the aftermath of a financial catastrophe brought on by the relaxing of derivatives laws. A single entity cannot control the cryptocurrency ecosystem. It has earned a reputation for being devoid of borders and regulations. The regulatory position of Bitcoin offers both advantages and disadvantages. On the one hand, its lack of regulation allows it to be freely used in all countries and not subject to the same government-imposed limitations as other currencies. However, in most financial jurisdictions, Bitcoin use and exchange can result in criminal charges. The great majority of institutional investors are still hesitant to invest in the asset class, resulting in reduced liquidity and enhanced volatility in the ecosystem. The more governments adopt bitcoin into their economies and markets, the more likely it will become a genuine investment asset class. Cryptocurrency investors and traders actively follow Bitcoin regulatory changes since it is a leading liquidity indicator in the crypto markets. These changes put downward pressure on its price by affecting supply and demand. For example, China’s measures to ban bitcoin trading and restrict mining infrastructure operations impact the cryptocurrency’s supply and demand. Cryptocurrency judgments issued by the Securities and Exchange Commission (SEC) in the United States frequently directly impact the price of Bitcoin. For example, when the SEC approved trading of the first bitcoin-related ETF, the ProShares Bitcoin Strategy ETF, in October 2021, the price of Bitcoin soared beyond $60,000. (BITO).

Recent Development

Because of Bitcoin’s fledgling ecosystem, news events have a direct impact on its price. These developments might take many forms. As previously stated, regulatory news can have a significant effect on cryptocurrency values. Hard and soft forks, which modify the number of bitcoins in circulation, can affect investor perceptions of the cryptocurrency. For example, in August 2017, the fork of Bitcoin’s blockchain into Bitcoin Cash caused price volatility and pushed both coins’ valuations to new highs. Bitcoin’s price is influenced by its governance regulations, which a group of core developers defines. Investors pay close attention to protocol changes that affect the number of bitcoins in circulation, as well as philosophical arguments among developers over the cryptocurrency’s future path. The utility and transferability of Bitcoin are further hampered by the hurdles associated with storage and trading. Hacks, thefts, and fraud have plagued digital currency exchanges in recent years.

Why are people so interested in Bitcoins?

Some people prefer Bitcoin because the government or banks do not have control over it. People can also spend Bitcoins differently. No one would know which ‘account number’ belonged to you despite all logged transactions until you notified them. Elon Musk, the world’s richest man, declared he was a huge supporter of Bitcoin on social media in January 2021.

He also included Bitcoin in his Twitter bio. In previous years, he has consistently expressed his support for virtual currencies, causing a significant influence on their value due to his financial status. His endorsement has a positive effect on the value of Bitcoin.

Is it safe to use?

Because every transaction is open, it is challenging to duplicate trades to carry out fraudulent activities.

It is possible to lose your Bitcoin resulting in their permanent loss without any possible means of tracking. Thefts from websites that store your Bitcoins remotely have also occurred in the past. Since its invention in 2009, the value of Bitcoins has never been stable, and some caucus believes it is risky to invest your real funds into Bitcoins. The Governor of the Bank of England, Andrew Bailey, expressed his concern last year.

He expressed his concern about individuals utilizing Bitcoin for payments, stating that investors should know that the currency’s price is highly volatile. He meant that the value could change anytime, causing investors to lose a considerable amount of money.


Bitcoin is the father and the principal cryptocurrency in the world. Bitcoin has increased significantly over a decade from a few dollars’ cents to a value of $66,000. The value of bitcoin cannot be ignored, with many investors now interested in the coin. The bitcoin value fluctuates because of its high volatile nature and has proven to be a reliable source of investment.

Table of Contents