What Factors Decide The Price Of Bitcoin? Demand, Production, & Media
Bitcoin’s decentralized nature drives it apart from the traditional factors that affect other financial instruments in the macroeconomic scenario. Monetary policy, inflation rates, etc., do not affect the previous or current BTC price. Bitcoins can rather be compared with commodities, and it is used as a commodity to store value. Bitcoin’s price factors are multiple, mainly: […]
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