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11 Factors That Make the Price of Bitcoin Go Up

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In 2009, the Bitcoin network went live and the world changed forever. The first cryptocurrency started out with a value of $0, and it took years before bitcoins gained value in terms of any national fiat currency. But at the time of writing in late September 2021, the value of Bitcoin had risen to over $47,000, after beginning at $0 just twelve years earlier.

There are a number of factors that drive Bitcoin’s prices — including its soaring highs and lows. Here are 11 factors.

Read the full article on SoFi: https://www.sofi.com/learn/content/what-makes-bitcoin-go-up/

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Brian Dean Nibley

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