I have heard from friends who invested in Bitcoin and read in some blogs that 1 Bitcoin is equivalent to 1 Million in Philippine Peso. However, considering the inflation rate, as well as the law of supply and demand, does the value of a Bitcoin change? How much is 1 Bitcoin worth?
yes this bitcoin come to 1 million worth of philippine peso but this is crypto world so there is no unstable price for bitcoin. sometimes the price gets high and sometimes get low.
so i would say that bitcoin has no permanent value right now.