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10 sats \ 2 replies \ @quark 16 Nov 2023 \ on: A piece of Bitcoin history back in 2009... bitcoin
I wonder how that exchange rate calculation is doing today.
The price of Bitcoin is determined in the same way that the value of the U.S. dollar is determined: supply and demand. Like fiat currency, when the demand for bitcoin increases, the price increases. When demand for bitcoin falls, the price falls.
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