Why is Bitcoin's price at an all-time high? And how is its value determined?
- Written by Jason Potts, Professor of Economics, RMIT University
ShutterstockBitcoin continues to trade close to its all-time high reached this month. Its price is now around US $34,000 — up about 77% over the past month and 305% over the past year.
First launched in 2009 as a digital currency, Bitcoin was for a while used as digital money on the fringes of the economy.
It has since become mainstream....





