Why Does Bitcoin Have Value?

How Bitcoin’s Price is Determined

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Social Science

Just like any form of trade or currency, bitcoin has value simply because people say it does. Bitcoin is only worth something because a large group of people decided that it was worth something. It is very similar to cash in that way, or gold. While cash is really only a piece of paper, and gold is really only a hunk of metal, bitcoin is really only a collection of numbers online.

Bitcoin is Finite

First and foremost, there is one huge difference between bitcoin and cash that completely changes the way their values are determined. When you look at cash, it is possible for the government to simply print more bills and put it into circulation, therefore making it momentarily less valuable due to a surplus.

The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.

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