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- Several factors contribute to the value of Bitcoin12:
- Limited supply: There will only ever be 21 million bitcoins in existence.
- Demand and market sentiment: Investors' interest and demand impact its value.
- Use as a medium of exchange: Bitcoin can be used for transactions.
- Role as a store of value: Some see it as a hedge against inflation and economic instability.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A bitcoin has value because it is able to be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is in demand by investors interested in the possibility of returns. Of course, many other factors influence Bitcoin's value.www.investopedia.com/ask/answers/100314/why-d…Understanding the key factors that drive why Bitcoin is valuable is crucial for anyone interested in the cryptocurrency market. The limited supply, demand and market sentiment, its use as a medium of exchange, and its role as a store of value all contribute to Bitcoin’s value.crypto.com/bitcoin/bitcoin-value-what-drives-btc-wo… - People also ask
Why Do Bitcoins Have Value? - Investopedia
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