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What is the value of Bitcoin?

 Bitcoin is a cryptocurrency digital currency and it appeared at the beginning of the year 2009 by "Satoshi Nakamoto", a name used to advertise the Bitcoin currency and to indicate the source of the currency, and it is not known until this time if the name is real, borrowed, or indicates one person Or a group of people, and the currency has revolutionized the world of the stock market and financial markets, and dealing with it is increasing day by day. Owners of the currency can trade it through many Internet sites and exchange it for different currencies such as the dollar and the euro, and for different goods and services.

 Huge investments:

Lekje started huge exchanges such as the (Chicago Stock Exchange) and huge financial institutions such as (Fidelity) Investments that allowed their clients to use the Fidelity website to display their currency and trade it. The direction of such huge institutions to currency trading has enhanced the speed of its spread among major investors in the world of financial markets. Cameron and Tyler Winklevoss spent $ 11 million buying Bitcoin in late 2017, which is 1% of the total currency in circulation at that time, as well as Gwyneth Paltrow, founder of Actor and Goop, was one of the first investors in Bitcoin.

 Bitcoin value:

Unlike financial investment tools such as stocks in their two types, ordinary and privileged, ordinary bonds and treasury bonds, which are affected by a set of percentages and traditional financial indicators, this cryptocurrency is affected by a set of factors of its own, which can be summarized as follows:

 Supply and demand:

As the currency of the currency, like many goods and services, is affected by the inverse relationship that governs demand and supply, and the greater the supply of the currency, the lower its price, and the less supply of the currency, the greater the demand for it. What is offered in proportion to market demand.

 Competing with other digital currencies:

Bitcoin is the most popular and traded currency among investors, but there are many other electronic currencies such as: litecoin, Peercoin, and Dogecoin. The possibility of trading it as a currency: Many stock exchanges and financial markets tend to facilitate the trading of Bitcoin and its counterpart cryptocurrencies against the US dollar or the European euro and other traditional currencies, and the more popular trading becomes, the higher the price of the currency.

Legislation governing its circulation:

As there is fluctuation in the position of countries around the world regarding the currency, and many of these countries are heading at this time to legalize it due to its growing popularity day by day, and the SEC classified it as securities, while the Commodity Futures Trading Commission in the states The United CFTC considers it a commodity, and this confusion in dealing with the currency creates a state of volatility in demand for it and thus affects its trading price.