What determines the Bitcoin price?
— Cryptographic protocols, Market forces called supply, Severely hampered, Bitcoin valued, Find precise answers, Demand, Businesses accepting bitcoin, First cryptocurrency, Single entity, Goods — 1 min read
Bitcoin (BTC) is a digital coin, which is not issued by any government or legal body, in contrast to. fiat currencies like the dollar, pound, euro and yen. The peer-to-peer network removes trade restrictions and streamlines commerce. Satoshi Nakamoto first proposed the world's first cryptocurrency in 2008, which was launched in January 2009. The number of businesses accepting Bitcoin is growing daily, giving it a real market value. The price of Bitcoin is not determined by a single entity nor can it be traded in a single location. Based on supply and demand, each market or exchange sets its price. Prices will probably rise if. there are more buyers than sellers or vice-versa. The price will probably. rise if there Source