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How Do Cryptocurrencies Work \u0026 Gain Value? - Cryptocurrency Explained For Beginners - CP B\u0026WBitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer algorithm mandates a fixed cap of 21 million digital coins. Bitcoin's value is heavily influenced by demand and market sentiment. As more people become aware of Bitcoin and its potential, the demand for the. Bitcoin is commonly considered valuable because it is provably scarce, globally accessible, and community owned. By Cryptopedia Staff.
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