Questions tagged [external demand factor]

Daniele Sat Sep 07 2024 | 5 answers 838

I'm curious to know if external demand factors play a significant role in determining the price of bitcoin. Could you elaborate on how external market forces and investor sentiment may influence the value of this digital currency? For instance, how do geopolitical tensions, economic downturns, or regulatory changes in different countries potentially impact the demand and, subsequently, the price of bitcoin? Understanding these dynamics would provide valuable insights into the complex interplay between the cryptocurrency market and the broader financial landscape.