What Affects Bitcoin Price and Value?

What affects bitcoin price and value?

Bitcoin price and our perception of value in cryptocurrencies are driven by hype and speculation. Speculation is rooted in our sentiment about the price of a particular coin or token, and whether it will rise of fall. Sentiment is a feeling, emotion or attitude about a particular situation, or things, such as cryptocurrencies and Bitcoin. Positive sentiment means we believe Bitcoin price will rise, whereas negative sentiment means we believe the price will fall. With the rise of social media, blogs and viral news, there is evidence that positive or…

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