How does the concept of Bitcoin as digital gold affect its price?

Further research could explore additional variables and factors to deepen our understanding of Bitcoin's price movements and inform investment decisions, ... The value of Bitcoin (BTC) is not defined by a single entity like a central bank. Instead, the price is influenced by supply and demand. This paper examines factors that influence prices of most common five cryptocurrencies such as Bitcoin, Ethereum, Dash, Litecoin, and Monero over 2010-2018 ... ... affect every one of us, for better and worse. As it grew in popularity ... Bitcoin's unstable value has also made it an unviable medium of exchange. It ... Jan 11, 2022 ... The correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits. When its supply is reduced through halving, and if the demand stays constant or increases, we often see a ripple effect on the prices of other cryptocurrencies. Jul 23, 2020 ... Temporal topic analysis of Bitcoin and Ethereum discussions on Reddit also show correlations with variations of cryptocurrency prices [22]. Nov 6, 2024 ... After touching its new high, the market is now speculating about “when, not if, it will smash through $100,000," he said. “Trump has already ... May 22, 2015 ... The naive answer: we would see a price decrease because of all the Bitcoin being supplied. This is a supply shock. Then, we would see an ( ... Bitcoin's halving effect on the price. Bitcoin halving events have historically been associated with price increases. This is because the reduced rate of new ...