5. Determining Bitcoin Value

So how much is a Bitcoin worth, in terms of dollars or euros or shekels or whatever? Who determines the value? How much has Bitcoin grown (or shrunk) in value over the years? Where can you find the current value of a Bitcoin?

Good questions all, and all with some very definite (and, in most cases, numeric) answers. Read on to get all the Bitcoin-related numbers you need.

Does Bitcoin Have Value?

Before we get into the dollars and cents (or pounds and pence) of Bitcoin value, let’s take a look at the intrinsic value of a Bitcoin. If, in fact, it has any.

Why Other Currencies Have Intrinsic Value

Other currencies, such as the dollar, have intrinsic value because they’re backed by a given national government. In ...

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