What are the potential long-term scenarios for Bitcoin's value?

What Drives the Price of Bitcoin? Bitcoin's price is primarily driven by supply, demand, fear, and greed. Some people argue that its price is correlated to its ... Mar 15, 2021 ... "It also does sound quite plausible that someone like Elon Musk, a big supporter of cryptocurrency, would give away Bitcoin. ... worth of Bitcoin ... laws are generally similar on foundational concepts of what may give rise to a property interest. ... of the bitcoin value represented in such UTXO, barring ... Nov 29, 2023 ... From a purely mathematical standpoint, "value" is determined by how much someone will pay for it. (Bid/Ask amounts determine the current market ... Commodity money retains its value because of the material used to create it, like precious metals or intrinsic value. As opposed to fiat currency, which isn't ... Jan 16, 2020 ... We find that social sentiment gives a good estimate of how future Bitcoin values may move. We achieve the lowest test RMSE of 434.87 using ... Jan 10, 2022 ... Bank deposits have value because they are convertible into fiat money. So, what gives digital money value? Cryptocurrencies such as Bitcoin are ... Jan 17, 2023 ... Because cryptocurrency is not regulated, several factors affect its value, including demand, utility, competition and mining. · What is ... Oct 10, 2013 ... ... bitcoins, is part of that configuration of pipes. Here Pair explains more about the everyday transactions that give Bitcoin its value. Oct 8, 2023 ... The fundamental issue for bitcoin is what gives it value, Prasad says, and its only value is scarcity. In contrast to the dollar, which the Fed ...