Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
As you can see, Bitcoin has a very high price tag compared to its initial price of $ 0.005. Individuals who decide their worth can reach present, and many individuals are trading Bitcoins and causing prices to go up or down, creating price volatility.
can be interpreted that the price of bitcoin is influenced by the interest of more and more individuals, from year to year more and more are joining the investment into bitcoin, and the current price depends on demand in the market.