For years, Bitcoin has been ignored by the financial markets along with the banking system. Since Bitcoin continues to function with faith and trust, the Bitcoin blockchain has become the future.
Fix the Money. Fix the World. pic.twitter.com/Wnq8l0w4q9
— Michael Saylor⚡️ (@saylor) May 31, 2024
There are so many factors that give Bitcoin its value. Some are technical and some are more about the market. In essence, all assets can be used as a form of value transfer, but few can be used as money. Bitcoin is both.
What is the difference between the value and price? Like any asset or commodity, it has to do with the supply and demand.
Just like any asset, the belief of what people are willing to pay for something gives it the price. But that is not what gives Bitcoin value.
Bitcoin is trading at the low end of a very tight recent trading range, but next week's economic data might be the catalyst for a big move.@SteveAlpher reportshttps://t.co/iiJj0Fvt6u
— CoinDesk (@CoinDesk) May 31, 2024
