What determines the price of Bitcoin?

Have you ever wondered what determines the price of Bitcoin (BSV)?

[By Bitcoin, we mean Bitcoin Satoshi Vision, not Bitcoin (BTC) and not Bitcoin Cash (BCH)].

Some people think that by burning coins, they reduce the its supply to raise the price artificially. Others believe that the best thing you can do is to HODL it because, eventually, the price will go up. Both of these viewpoints, and many like them, do not seem to take into account the most important factor that has influence on Bitcoin's price, which is Quantity Demanded for Bitcoin.

In this video, we go through the mechanics of how price is determined by the supply of, and demand for Bitcoin, and how they interact to determine the price of Bitcoin. The good news is — anybody, you included — can have the power to influence the price of Bitcoin. Watch the video to find out how.

You can also read the article version of this video: https://coingeek.com/the-major-force-that-drives-the-price-of-bitcoin/ (CoinGeek, Published: 28/Dec/2022)