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Individuals, governments, institutional investors and multinational corporations are adopting bitcoin. The first time that bitcoin got its value was on october 12, 2009, when martti malmi from finland sold bitcoin 5050, for $5,02. These factors are important, but their combined influence is significantly lower than the influence of the aforementioned positive factors. We all know bitcoin is a roller coaster of price changes, but have you ever wondered what determines the value of bitcoin? So what gives bitcoin value?
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Factors that influence bitcoin's price.
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The supply of bitcoins increases over time, as determined by the rules in the software which is run by the majority of miners, and increases regularly.
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