Finding a Price: Why is Bitcoin Worth What it is?

Bitcoin price, as any investor knows, can move in the blink of an eye. It can go from $20,000 to the half of it in a few weeks, and Bitcoin is on a constant rollercoaster of price discovery. 

 This leaves many asking what determines the price of this digital currency, especially for an intangible asset that exists only on the Internet. The cryptomarket, and the Bitcoin one, in particular, is a trading hive, and as such, it is this buzz of traders who ultimately move Bitcoin price up or down. Nothing new, frankly, but it is interesting to note that, as a decentralized asset, it truly is all up to the people to determine the price. 

Full article: https://cointelegraph.com/news/finding-a-price-why-is-bitcoin-worth-what-it-is