The Top Ten Drivers of the Bitcoin Price

The Bitcoin price continues it’s upward trend and the reasons are being questioned. Some believe Bitcoin is in a bubble, yet if you consider and examine the fundamentals, a very different picture emerges.

 

What are the Top 10 Drivers of the Bitcoin Price?

 

In terms of Supply – Only 21 Million Bitcoin will ever be created as well as every 4 years, the supply is halved – it is written into the code and according to a pre-prescribed schedule.

 

Here are the top ten factors that drive the Bitcoin Demand:-

1. Speculation
2. Developer Adoption
3. Consumer Adoption
4. Merchant Adoption
5. Institutional Adoption
6. Media Adoption
7. Regulatory Adoption
8. Government Adoption
9. Investor Adoption
10. Geo-Political Factors and Financial System Risk

 

 

 

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This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.

 

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