How is the value of Bitcoin determined?

Who decides on the value of bitcoin?

The value of Bitcoin is decided by those that interact with the system. From miners, investors, traders, Bitcoin News, financial institutions, banks, blockchain projects, you name it, they all affect the value.

When I say value in this context, I am talking about price. This ‘price’, is based on supply and demand, which moves the bitcoin price up or down dependent on these interactions.

But what does value mean? Does the price value of bitcoin reflect the true value? And can ‘value’ be defined as something other than price?

In this video, I break down and explain the difference between the price value of bitcoin, and the intrinsic value of bitcoin.

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