What are the different fundamental factors that affect the price of Bitcoin or is it pure speculation?

Every currency , including the centrally regulated are subjected to the forces of demand for and their supply . Bitcoin being a digital currency is not excluded of this phenomenon!!

But what drives the demand and the availability of Bitcoin currency?? These are the major ones!!

1) Whenever investors perceives that the value of Bitcoin would rise due to perceived high demand, they would elect to demand it for investment. This will further increase its demand . If its supply is not sufficient to meet the increased demand; further prise increase is the end result! This phenomenon is the Cardinal cause of price value of cryptos, but it is not absolute!!

2) Speculatory activities of cryptos investors is another factor of prises of cryptos. It is driven by false information about the stats of a particular crypto. Since the public and some investors can access direct information from the stable of cryptos prompters , decisions are made based on a false publications.

This is often more common to cryptos since their issue and generation are not regulated and backed by bullion as in other centralised and regulated currencies.

These two forces are the final determinants therefore of Bitcoin price per time. It is necessary that any player in the space of Bitcoin should be savvy about these phenomena to play safe!!