Bitcoin’s price is influenced by several factors on both the demand and supply sides. News, events, utility, sentiment, cyclicality and access are demand side inputs while halving and lost coins affect supply. Structural influences include management fees, portfolio balancing, treasury strategies and leverage. Miners carry trades also have an impact on the price cyclicality. Understanding these forces can help investors make informed decisions about buying or selling Bitcoin at any given time.

Price factors one at the time

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