What Affects the Bitcoin Price?

What Affects the Bitcoin Price?

The Bitcoin price is the monetary cost of a bitcoin. The term "price", as used here, is not to be confused with "value" which is a perceived regard for Bitcoin's benefits and usefulness. The Bitcoin price is expressed as an exchange rate in relation to another currency. So, for example, the Bitcoin-to-Dollar exchange rate may be $1,750 for one bitcoin, written as $1,750 BTC/USD. By design, a total of 21 million Bitcoins will be created over 100 years according to a logarithmic release function. At the time of writing, just over 13 million bitcoins are in circulation, meaning that an....


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