How does bitcoin get its value

how does bitcoin get its value

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The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes. Bitcoin derives its value in the same way any currency does: by fulfilling the six characteristics of money. Those characteristics are: durability. 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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Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. By cutting out centralized intermediaries, Bitcoin can give more power and freedom to its community of users. Banks have mostly stayed on the sidelines. However, not everything that is considered valuable today necessarily has intrinsic value.