Bitcoin’s latest price is updated on this page perpetually via an embedded widget.
What factors affect Bitcoin’s price?
Bitcoin price results from the individual and combined effects of these factors.
Market Demand
The demand for Bitcoin creates a shortage in its supply, which is capped at 21 million coins. As a result, Bitcoin’s price rises. This price rise can be predicted by the amount of Bitcoin on various exchanges, ETF inflows and outflows, and Treasury balances.
Market Liquidity
Market Liquidity refers to the ease of purchasing and selling Bitcoins. The easier it is to buy and sell Bitcoins at the current price, the higher their liquidity will be.
Usually, the higher the money supply, the easier it is to buy Bitcoins or other assets.
Bitcoin Halving?
Bitcoin Halving is the phenomenon that halves the supply of new Bitcoins in the market every 4 years, i.e., roughly every 210000 blocks. Since the supply of new Bitcoins is halved at each halving, it increases the price of Bitcoin by creating a supply shortage.
Frequently Asked Questions
How much will 1 Bitcoin be worth in 2030?
1 Bitcoin is exptected to be worth around $650,000 to $1 million in 2030.
Who sold 10,000 Bitcoins for pizza?
Programmer Laszlo Hanyecz exchanged 10,000 Bitcoins for $40 with Jeremy Sturdivant, who then paid for the two Large Papa John’s Pizzas.
How much was 10,000 Bitcoin in 2010?
10,000 Bitcoins were worth $40 in 2010, estimated by the price of 2 Large Papa John’s Pizzas.
