Post
Topic
Board Bitcoin Discussion
Re: Understanding Bitcoin's Price
by
Majestic-milf
on 07/11/2023, 09:05:15 UTC
 If you've taken time to browse through the forum, you would have found that this topic has been made before and it's not like what you've dropped is a new piece because for one to engage in Bitcoin investment, they would have done a prior research to find out the factors that affect Bitcoin's price.
There are so many factors which you've outlined that affects it's price but #10 for me has a greater impact on it more than the others. Let's take the instance of when Michael Saylor purchased 5,445 Bitcoin's to his his stash and that saw prices shooting up.
Another thing you should know as well is that although investor sentiment is one of the factors that affect Bitcoin, it still won't change the fact that it has more use case than fiat. Take when Warren Buffett and his cronies shame Bitcoin, calling it names and all.