What exactly determines the price of Bitcoin?

 What exactly determines the price of Bitcoin?



The price of Bitcoin is influenced by various factors including supply and demand dynamics, investor sentiment, market speculation, macroeconomic trends, regulatory developments, technological advancements, and geopolitical events. Supply is fixed due to its algorithmic issuance, while demand fluctuates based on factors such as adoption, institutional interest, media coverage, and perceptions of its store of value properties.

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