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What Determines the Price of 1 Bitcoin?

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  What Determines the Price of 1 Bitcoin? What Determines Bitcoin’s Price? Bitcoin ( BTCUSD ) is a  cryptocurrency  developed in 2009 by  Satoshi Nakamoto , the name given to the unknown creator (or creators) of this virtual currency. Transactions are recorded in a  blockchain , which shows the transaction history for each unit and proves ownership. Unlike investing in traditional currencies, Bitcoin is not issued by a  central bank  or backed by a government. And buying a bitcoin is different from purchasing a stock or bond, because Bitcoin is not a corporation. Consequently, there are no corporate balance sheets or  Form 10-Ks  to review. KEY TAKEAWAYS Purchasing a stock grants you ownership in a company, whereas purchasing a bitcoin grants you ownership of that cryptocurrency. Bitcoin is neither issued nor regulated by a central government and therefore is not subject to governmental monetary policies. Bitcoin’s price is primarily affected...
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What Will Happen to Bitcoin in the Next Decade?

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  What Will Happen to Bitcoin in the Next Decade By   RAKESH SHARMA   Updated August 25, 2021 Reviewed by   ERIKA RASURE Fact checked by   YARILET PEREZ When Bitcoin was introduced to the world over a decade ago, it was supposed to be a revolution in the finance ecosystem. But that revolution has hardly come to pass. The cryptocurrency’s tumultuous first decade has been marked by  scandals , missteps, and wild price swings. After achieving a record high price of more than $63,000 in April 2021, BTC has fallen by 24% to nearly $48,000 as of Aug. 30, 2021. 1 But investors and the cryptocurrency’s enthusiasts have doubled down on their optimism regarding its future. As such, the coming decade could prove pivotal to Bitcoin and to cryptocurrencies more broadly. A Compromised Vision  As set forth by its pseudonymous inventor Satoshi Nakamoto in a seminal paper released on Oct. 31, 2008, Bitcoin was intended to be a borderless and decentralized alternative t...
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