Cryptocurrency Q&A
Why has bitcoin risen 200% over the past 12 months?
Why has bitcoin risen 200% over the past 12 months?
Bianca
Mon Jul 15 2024
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7 answers
1455
With the ongoing digital revolution, cryptocurrency enthusiasts have witnessed a remarkable surge in Bitcoin's value. Could you elaborate on the key factors behind this staggering 200% increase in Bitcoin's price over the past 12 months? Has it been driven primarily by increased investor interest, institutional adoption, or is it a combination of various macroeconomic factors? What role has Bitcoin's limited supply and decentralized nature played in its price appreciation? Furthermore, what are the potential risks and opportunities investors should be aware of in this volatile market?
7 answers
DigitalDukedom
Wed Jul 17 2024
This impressive rally has been attributed to the strong support and enthusiasm from the cryptocurrency community.
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Thunderbolt
Wed Jul 17 2024
A key catalyst for the upward momentum has been the anticipation of the "halving" event.
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EnchantedDreams
Wed Jul 17 2024
Bitcoin, the leading cryptocurrency in terms of market capitalization, has recorded significant gains in the past year.
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QuasarPulse
Wed Jul 17 2024
The halving is a scheduled reduction in the block reward for mining Bitcoin, which occurs approximately every four years.
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Valeria
Wed Jul 17 2024
According to CoinMarketCap, Bitcoin has appreciated by over 200% in the last 12 months.
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