According to the Coindesk news service, major addresses such as Blackrock and Goldman Sachs have recently shown interest in Bitcoin.
(Photo: Reuters)
Frankfurt Bitcoin is back. After a major dip below $34,000 recently, it has touched the $48,000 mark since the beginning of the week. It thus caught up with the level from the beginning of 2022 and even reached almost an annual high.
But what are the drivers behind the wildly volatile Kujrs of the oldest and still leading cryptocurrency? Because bitcoin has neither a current return nor a material value and only offers limited capacity as a means of payment, the network effect plays a particularly important role: it thrives on the fact that many investors trust it. That explains the high fluctuations. Because there is a lack of fundamental data, price movements amplify themselves particularly strongly.
However, there are also some framework conditions that play an important role. Any news from these areas can move the course. An overview:
1. Use in War
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