worth about 25 trillion.S. (Related: How Does Bitcoin Mining Work? Bitcoin is both useful fxpig bitcoin and scarce, so it has a value and a price, determined by supply and demand. Expand this up to 1 billion people, which is not too silly, and we have 300 billion of Bitcoin market cap. The most important question is "Will people use bitcoin?".
Take telephones, for example. Note that changing the protocol would require the concurrence of a majority of the computing power engaged in bitcoin mining. So, there you have. Why does gold cost as much as it does? How has the price of Bitcoin changed over time? At first, people like to avast bitcoin mining programme go with what other people are using.
What is the value of bitcoin