What is the value of bitcoin based on

what is the value of bitcoin based on

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Who Sets The Price Of Bitcoin?
Bitcoin has value because people believe it has value and because of scarcity, but it's scarcity is limited. There will only ever be 21M. Bitcoin's price is primarily affected by. Like all forms of currency, Bitcoin is given value by its users, supply and demand. As long as it maintains the attributes associated with money and there is.
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Prices have decreased dramatically since November , but this volatility has many hoping for a market repeat�additionally influencing Bitcoin's value. As of the date this article was written, the author does not own cryptocurrency. Changes in any of the factors previously discussed are quickly published and disseminated to the masses. Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment or other decision.