Today's market value Bitcoin It's about $113,000, or just a little less. This means that anyone looking to buy all Bitcoin (1 BTC) in today's market will have to pay almost USD 113,000, or € 96,000.
However, the market value of Bitcoin changes over time. In fact, it updates so quickly that it probably changed from the moment this article was written to the moment you read it.
Fortunately, for example, “Bitcoin's value“Get updated values in Google.
Bitcoin Value and Price
The so-called “Market Value” of Bitcoin However, it is more often referred to as “price.”
In other words, Bitcoin Price As mentioned above, its market value, and the term “price” is usually used much more than the term “market value.”
Market value of BTC In fact, it's just the price at which the last transaction occurred.
Prices Bitcoin It has not been set or decided by anyone, but it is merely the result of the interaction between purchasing and selling pressures.
In fact, when pressure rises, prices rise if sales pressure does not rise. Conversely, if sales pressure is rising but not purchasing pressure, the price will fall.
If instead it's both rising or falling, then what rises or falls is a greater count, for example, the buying pressure increases, but if the selling pressure increases, the price will drop even if the buying pressure rises. Obviously, the opposite applies.
If neither the buying nor the selling pressure rises or falls, the price is inherently stable.
transaction
transaction This usually occurs in crypto exchanges.
Some people have deposited BTC Sell them and someone buys and buys other cryptocurrencies or Fiat currencies.
Those who sell them usually set a selling price, but if they set it too high, they won't be able to find anyone willing to buy at that price. So if they want to sell quickly, they simply need to lower it until they find someone who is willing to buy at that price.
Since BTC can be split up to 100 million (called Satoshi), you must specify that you do not need to sell or buy the entire Bitcoin.
The above discussion also applies to buyers, even when the buyers often do not set a purchase price. In that case, they simply buy from the seller who sets the lowest price. Similarly, if the seller does not set the lowest selling price, they will sell to the buyer who sets the highest purchasing price.
True value of BTC
However, it's not just about market value.
The term “value” can actually refer to both exchange value, market value, and usage value.
The value of Bitcoin's usage is not related to trading on the Forex market or crypto exchanges. BTC It is not used there.
Bitcoin is a currency with a variety of uses, but one in particular is to combat the inevitable loss of the market value of Fiat currency over time.
In fact, traditional Fiat currencies like the dollar and euro are inflation, as long as they need to lose about 2% of their actual market value.
This makes them best for spending, but it's awful to hold them in the long term.
Instead, Bitcoin was designed to not only be non-expandable, but also have deflationary properties.
In reality, from a strictly technical standpoint, Bitcoin is currently in the inflation phase as 3.125 BTC is created about every 10 minutes, but considering there is a total of 20 million BTC, the annual inflation of gold bars is currently less than 1%. Furthermore, it has been halved in under four years.
In the future, once you reach 21 million BTC, no more will be created. Sometimes the private key to use them is “lost” and is essentially deflationary at that point.
Market value results
As a result of Bitcoin's deflationary nature, Fiat currencies like the dollar and euro are inflation, but the market value of BTC, expressed in Fiat currencies, should increase over time, especially in the long run.
So far, this has actually been a fact since Bitcoin landed on the market in 2010, but there is no certainty that this must continue to happen in the future.
However, given that this is exactly the main usage value of Bitcoin, for now, it appears that such dynamics are also destined to last.
Bitcoin should be considered a kind of “set-off” against Fiat currency, particularly the US dollar. Because in theory it is intended to thank the Fiat currency for depreciation.
