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Since there will only ever be 21 million Bitcoins in circulation, it stands to reason that if demand for Bitcoins continues to grow, then so will its price. However, if demand begins to slow down or stagnate then it's likely that its value will decrease as buyers lose interest and sellers flood the market with their coins.
Another factor that could affect Bitcoin's price is regulation. Governments around the world are beginning to take notice read more cryptocurrencies and have begun enacting laws and regulations regarding is velo crypto a good investment. So far see more regulations have been relatively light-handed but they could become stricter in the future which could limit the amount of investment flowing into the crypto spaceвand thus reduce demand for Bitcoin.
Finally, there is also competition from other cryptocurrencies such is velo crypto a good investment Ethereum and Ripple that could affect Bitcoin's future price movements.
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