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novibet software : 9. Transaction Demand 10. Supply and Demand: Bitcoin's price largely depends on supply and demand. Therefore, high demand and low supply can lead to higher prices. 11. Bitcoin as a Store of Value: Bitcoin's volatility is also largely driven by differing expectations of the intrinsic value of this cryptocurrency as a store of value and a means of transfer. 12. Bitcoin Blockchain Mining 13. Bitcoin Halving: Because Bitcoin's reward halves on average every four years, mining has a significant impact on its price.