What determines the Bitcoin value?
If BTC’s value drops to zero, it should influence the merchants, institutional traders, value of different digital currencies, cryptocurrency enterprises and the entire monetary system.
Now, assuming that BTC’s value declines to zero, it should influence the value of different cryptocurrencies. Because of this, many traders may simply withdraw (fully or considerably) to cut back losses, relying on their sort of funding.
Provide and demand
Competitors and information
Price of manufacturing
Regulation
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