The controversy surrounding the drivers of cryptocurrency prices and their actual adoption by society continues to be a topic of heated discussion. While speculation and institutional influence undoubtedly play roles in shaping the cryptocurrency market, the extent to which they drive prices is subject to ongoing debate. Likewise, while cryptocurrencies offer the promise of revolutionizing traditional financial systems, their current level of adoption for practical use remains a matter of contention.
As the cryptocurrency landscape evolves and matures, it will be essential to closely monitor developments in terms of both price drivers and adoption trends. Striking a balance between speculation and utility will be key to determining whether cryptocurrencies can truly achieve their intended transformative potential or remain a speculative phenomenon in the financial world.
Also, mining facilities affect the price of BTC. Mining network is the key factor contributing to transaction speed. Stability of the system also depends on the improvements of protocol, which can efectively reduce the amount of data exchage. The other factors also include inflation rates of main fiat currencies and adoption rates.