hi,
still one thing I don't understand: if for fiat it's the central bank governor for a country that decides the local daily currency price against the other fiat currencies, who decides the price for crypto? Bitcoin Core software? Exchange platform software's AI?
thanks
Based on the information I got, the price of Crypto Assets depends on the balance of supply and demand. This is the law of the market. When a Crypto Asset is popular and in high demand then its price will go up. Vice versa, if supply is high while demand is low, prices will fall and the amount or quantity of the crypto asset itself. The volume of crypto assets such as Bitcoin and Etherium is still very small and the distribution is uneven so that the price value will be greatly influenced by the actions of the holders of these crypto-assets in making sales or purchases.