Economic factors that are normal influence the price of cryptocurrency as any other type of currency or investment such as demand and supply public sentiment, the news cycle market events as well as scarcity and other. According to Traders Union it is a brand new and emerging investment, additional factors influence the value of Bitcoin higher than that of the standard security or currency. Here are a few: Scarcity Between 18 and 19 million Bitcoins are available, and production will cease after 21 million. Experts in the field consistently mention this inherent…
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