Why Does Bitcoin Have Value And How Is The Price Determined? Bitcoin, the first and leading cryptocurrency in terms of trading volume and market capitalisation, went through its third. A value spike of $860 attracted the attention of many speculators, and the high value of Bitcoin continues to do so. A Variety of Factors Influence Bitcoin Price. Bitcoin has value due to the same reason paper and digital cash possess value. This is because it is a handy form of money commonly accepted by people to make payments. There are still
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