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The REAL Reason Bitcoin Price is PUMPING! (8 Minute explanation)Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network. New. Bitcoin is valuable because it has all the essential properties of paper money: acceptability, divisibility, durability, fungibility . A bitcoin has value because it is able to be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is.
