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We also reference original cryptocureency attributes that enable its use. The image below compares many different value attributes of gold, fiat, and crypto.
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What gives cryptocurrency its value?Similar to Fiat currency, Bitcoin (or most of the cryptocurrencies) is also not backed by any gold or silver hence does not have any intrinsic value. The Bottom Line. Like all forms of currency, Bitcoin is given value by. The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes.
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