Why do Bitcoin values continue to rise?

in #bitcoin • 7 years ago

Why does the price of bitcoin continue to rise?

The author of the video, Crypto Investor, claims that there are no fundamentals behind the rise of Bitcoin over the last year. It is possible that its real value was simply undervalued. Bitcoin is a store of value and if its creation (mining) cost in electricity is $2000/BTC but if you factor in the equipment cost the cost to mine might be a lot higher. Still, it seems like a no-brainer to buy some mining equipment if you have space.

7 years ago in #bitcoin by
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     7 years ago 

    Thanks.

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     7 years ago 

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