Course 1: BitcoinGreat job!

Key factors influence its price

1. Bitcoin User Adoption Rates
User adoption rates have to do with the overall acceptance and support of Bitcoin by the global community. Signs that retail adoption is growing can be seen in increased buying of Bitcoin by investors, as more and more people realize the advantages of Bitcoin’s use as a highly efficient and cost-effective payment system.
Other Bitcoin features like blockchain-based security and no third-party involvement in transactions are catalysts in Bitcoin’s adoption growth too. The year 2017 saw Bitcoin’s adoption take huge leaps when the world recognized Bitcoin as an attractive store of value and investment.
Press Enter