Hi there!
Theoretically, the price of gold and all digital currencies depends on the value of various national currencies. But in practice, the main basis for valuation is the US dollar. The price of gold and Crypto-currency, expressed in a certain paper currency, depends on the strength (value)...
because bitcoin is so unique, it does not have a physical shape just a number but has a fantastic price, and now bitcoin is known to everyone it will make bitcoin users increase, transacation between countries becomes easier..
I think bitcoin can be a very long term investment opportunity.
however, the current price increase makes me feel that it will break one day.
correct me if i'm wrong.
i think it should have an incremental price increase rather than this skyrocket boom.
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