Bitcoin’s Value May Stem from Scarcity, Network Effects, and Market Sentiment, Academic Research Suggests
The post Bitcoin’s Value May Stem from Scarcity, Network Effects, and Market Sentiment, Academic Research Suggests appeared on BitcoinEthereumNews.com. Bitcoin’s value is driven by its programmed scarcity, network effects, mining costs, and investor sentiment, making it a unique digital asset with a complex valuation. Network effects increase Bitcoin’s utility as more users adopt and trust the digital currency. Mining costs create a price floor by linking Bitcoin’s value to real-world energy and hardware expenses. ‘, ‘
The post Bitcoin’s Value May Stem from Scarcity, Network Effects, and Market Sentiment, Academic Research Suggests appeared on BitcoinEthereumNews.com.
Bitcoin’s value is driven by its programmed scarcity, network effects, mining costs, and investor sentiment, making it a unique digital asset with a complex valuation. Network effects increase Bitcoin’s utility as more users adopt and trust the digital currency. Mining costs create a price floor by linking Bitcoin’s value to real-world energy and hardware expenses. ‘, ‘
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