What Factors Influence The Value Of Bitcoin? : Factors That Influence The Bitcoin Price Total Bitcoin - Influence of media on garnering negative and positive publicity.. Five factors that can influence the price of bitcoin. The first one and currently the most important one. It works as a new digital currency in which a third party (bank or government) is not involved. The current bitcoin market is susceptible to a number of external factors that can fluctuate the market value of the currency. This number is growing rapidly and since the number of bitcoins is fixed, the price will continue to rise.
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The first time that bitcoin got its value was on october 12, 2009, when martti malmi from finland sold bitcoin 5050, for $5,02.
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