WHAT DETERMINES THE VALUE OF A BITCOIN?

The value of a bitcoin is based on supply and demand. The total number of bitcoins issued is 21 million. If the demand increases, the bitcoin value increases logically too. The demand for bitcoins will gradually increase if the payment by bitcoin becomes more widespread and if the number of users increases in the bitcoin economy. That Bitcoin becomes in the future a faster, cheaper and more efficient means of payment, appears as a predictable development.

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