Four factors that moves bitcoin’s price
To get in on a surging opportunity or short the latest bubble, you first need to understand the factors that have an impact on bitcoin’s price;
Bitcoin supply: The current bitcoin supply is capped at 21 million, which is expected to be exhausted by 2140. A finite supply means that the price of bitcoin could increase if demand rises in the coming years
Bad press: Any breaking news which concerns bitcoin’s security, value and longevity will have a negative effect on the coin’s overall market price
Integration/Adoption: Bitcoin’s public profile depends on its integration into new payment systems and banking frameworks. If this is carried out successfully, demand might rise which will have a positive effect on bitcoin’s price
Key events: Regulation changes, security breaches and macroeconomic bitcoin announcements can all affect prices. Any agreement between users on how to