Why Does Bitcoin Price Vary So Wildly?

Bitcoin’s Price History

#1 Limited Supply But Varying Demand

  1. The price of Bitcoin would incline towards becoming more stable. Once all the 21 million bitcoins are mined, they may automatically transform into a part of the ‘asset’ class. Experts already cite Bitcoin as the ‘digital gold.’
  2. As miners would no longer be able to mine bitcoins and get rewards, the primary revenue stream will be transaction fees.

#2 News and The Crypto Markets

#3 Imperfections In Encryption and Security

#4 Crypto Regulations Enforced by Central Governments

#5 Investors’ Holdings

Conclusion

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Dr Vin Menon

Dr Vin Menon

A blockchain enthusiast and entrepreneur’s musings on the next big revolution since the Internet.