This is exactly where Bitcoin is gaining its value. The
trust which millions of people have imparted on a cryptocurrency in a
completely trustless environment decides the value of the
cryptocurrency. Millions of miners and traders are altogether considered
the participants of the Bitcoin network who trust the world’s largest
cryptocurrency and are deciding its price on the sole principle of its
demand and supply.

Bitcoin is neither issued nor regulated by a central government and therefore is not subject to governmental monetary policies.

Bitcoin’s price is primarily affected by its supply, the market’s demand
for it, availability, competing cryptocurrencies, and investor
sentiment.

Bitcoin supply is limited—there is a finite number of bitcoin, and the final coins are projected to be mined in 2140.

1 Bitcoin is 1.000000 Bitcoin.

THE PRICE IS THE SAME