What determines Bitcoin price & why it’s price is so volatile?
Vineet Katial is the founding director of Sky7 Ventures and the Owner of VistaMoney. This veteran businessman and investor is a founding member of TIE Detroit Angels and is on numerous boards for start-ups and charitable organisations. Mr. Vineet Katial has over 30 years of excellent professional experience. Vineet Katial played a significant role in the accomplishments of the organisations he previously worked for. Vineet Katial was a member of the group that established one of India’s earliest call centres, which is today among the biggest in the world. An enthusiastic businessman, Vineet has consistently provided advice, knowledge, and experience to new firms.
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This answer maybe too simplistic but it is somewhat similar to gold. Although comparisons to gold maybe not be perfect, Bitcoin is valuable because of similar reasons. It is fungible, has utility, is verifiable, can be broken into smaller denominations and is scarce. It is the ongoing interaction between buyers and sellers trading with each …
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