7 factors that affect the price of Bitcoin

1. Supply and demand. The upper limit of Bitcoin is 21 million.

2. Production cost. Like gold, Bitcoin needs to be "mined", which mainly consumes electricity and equipment invested in computing power (which may be purchased or rented).

3. No company pays "miners" wages. The income comes from "rewards", and this reward is halved approximately every four years.

4. The number of competing cryptocurrencies. Although Bitcoin may be the most famous cryptocurrency, there are hundreds of other tokens competing for users' attention.

5. The decisions and views of central banks in various countries.

6. The stability of itself and the exchange. For example, after the trading website Mt. Gox was hacked, the price of Bitcoin quickly dropped to 0.01$/BTC.

7. Capital power. Capital is smart and greedy, and it acts quickly. #BTC上攻11万？ #2025加密趋势预测 $BTC