Why Does Bitcoin’s Price Change So Much?

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If you’ve ever seen Bitcoin in the news, it’s probably because its price has gone way up or way down. Ever since its inception, it’s been quite volatile and now undergoes multi-thousand-dollar changes on a regular basis. What’s up (or down) with the market, and why does it happen? In a nutshell Technology: Bitcoin’s supply is programmed to increase very slowly, regardless of how many people want it. This means that Bitcoin’s price depends almost completely on demand. Uncertainty: Cryptocurrency in general is very new, so expectations about its future value go up and down all the time. Politics: Countries

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