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Author Topic: Is regulations among the key factors that affect the price of Bitcoin  (Read 410 times)
Solokan
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September 06, 2023, 08:03:28 AM
 #61

Yes, regulations are one of the factors that influence the price of Bitcoin, for example the government of a country allows its people to invest in BTC, then of course this will have the potential to have an impact on the price of BTC. and if in a country the government prohibits its people from investing in btc then it will definitely have the potential to affect the price of btc.

and that's one of the factors that influence the price of BTC that I know, and I'm sure there are many more factors that influence the price of BTC that I personally don't know about.

icalical
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September 06, 2023, 01:04:56 PM
 #62

Is regulations among the key factors that affects the price of Bitcoin

Not directly, but certain countries create regulation and policy related to Bitcoin will have butterfly effect, one of which is how the adoption of Bitcoin by big companies, especially if the company reside and is subjected to the policy or regulation. And Company adoption to Bitcoin will certainly affect the sentiment toward Bitcoin and will affect the Bitcoin price. Not only Big company, Bitcoin 'retail' user will also affected by certain countries regulation if they subjected to the regulation.

That being said, Government regulation is not the sole factor, not even the biggest factor of Bitcoin price. There are other factors like economic condition, mainstream adoption, etc.

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