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Before entering any new market for the purpose of investment, it's natural to have some reservations. While it did not take that long for them to understand Gold and how to earn decent profits off it, cryptocurrency and Bitcoin are still somewhat unchartered waters for investors, specifically old investors.


Bitcoin is a cryptocurrency that came into existence just about a decade ago in 2007 by an unknown creator or creators. It is not issued by the central bank or backed by the government, and neither is it anything like stocks or bonds. Ever since its development, it has seen sharp rises and declines within concise periods making it a very volatile currency.

Since Bitcoin is not affected by inflation rates, economic growth, or monetary policy, it has other factors that influence its value. In this article, we will discuss the factors that influence the value of Bitcoins. < (...)