Cryptocurrency Q&A
Who controls the value of cryptocurrency?
Who controls the value of cryptocurrency?
Davide
Wed Jan 22 2025
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answers
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I want to know who is in charge of determining the value of cryptocurrency. Is it controlled by a central authority, or does it depend on some other factors? Who exactly decides how much a particular cryptocurrency is worth?
5 answers
Enrico
Fri Jan 24 2025
One major factor is the supply of Bitcoin in the market.
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SeoulSerenitySeeker
Fri Jan 24 2025
Additionally, the demand from the market, its availability, competing cryptocurrencies, and investor sentiment all play significant roles in determining Bitcoin's price.
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BlockchainVisionary
Fri Jan 24 2025
Bitcoin lacks a central government issuer or regulator.
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Starlight
Fri Jan 24 2025
As a result, it operates independently of governmental monetary policies.
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Giulia
Fri Jan 24 2025
The price of Bitcoin is influenced by various factors.
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