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Bitcoin is the currency of the internet Different cryptocurrency exchanges usually have slightly different exchange rates, and all of them are correct. A distributed, worldwide, decentralized digital money
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Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever Instead, you would ask what the exchange rate was between euro and a dollar There is no government, company, or bank in charge of bitcoin
As such, it is more resistant to wild inflation and corrupt banks.
When r/bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion This happened long before the creation of bitcoin cash Over the years /r/btc became community of historians & torchbearers, preservers of satoshi's bitcoin for future generations. Bitcoin price aside, it depends on so many individual factors
For example, where would you retire, what type of lifestyle do you live, what other assets do you own, etc. The price is based upon supply of bitcoins for sale and demand for purchasing those bitcoins Since the vast majority of the 19million existing bitcoins are not for sale presently, it does not take a relative lot of money to raise the price. Truethey price it differently because they want to make it more accessible for people
Why the prices are different doesn't really matter all that much because they all have different expense ratios, so the price would differ sooner or later
And none of the etfs track the underlying assets perfectly, be it stocks, bonds or bitcoin, because it depends on arbitrage, which. Totally speculative question and highly improbable What would happen to bitcoin price if the banking system collapses and we cannot trade btc with usd Would the price rocket to the moon, or would it crash into the abyss
What are your thoughts on this? The fiat price of bitcoin entirely depends on how quickly humans figure out that bitcoin is a superior monetary network and a sound store of value By 2025 it could be 100k, 200k, 90k, 50k, 500k. Many do not understand why bitcoin does not immediately rise by 10%, 20% or more with the many new etfs
At first glance this would seem logical, but as always it is much more complex
The financial institutions must have the amount in bitcoin, but they can buy bitcoin sooner or later. Bitcoin does not have a price, it has an exchange rate just like the dollar, the euro, or the yen because it is money You wouldn't ask how much a euro costs
