I know this might be a really daft question…
What actually drives #bitcoin price ? Who or what sets a fiat value to it?
I know this might be a really daft question…
What actually drives #bitcoin price ? Who or what sets a fiat value to it?
It is set by the market (exchanges).
Simply put, when there are more sellers than buyers, the price tends to decrease.
When there are more buyers than sellers, the price tends to increase.
Look up " stock order books"
#asknostr #askstr
Based question. Relationships. Correlations. Supply. Availability. Limits. Wants. Needs. So on and so forth lol