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Investment: Many people buy Bitcoin as an investment, hoping that its value will increase over time. Some view it as a long-term store of value, similar to gold, while others see it as a speculative asset with potential for significant returns.Hedging: Bitcoin is sometimes seen as a hedge against economic instability and inflation. In regions where
Speculation: Many traders aim to profit from the price movements of Bitcoin against the Indonesian Rupiah. They buy Bitcoin at a lower price and sell it at a higher price, or short sell it (sell it first at a higher price and buy it back at a lower price) to profit from downward movements.Diversification: Some investors view Bitcoin as a hedge agai
Supply and Demand: Like any asset, the price of Bitcoin is influenced by supply and demand dynamics. If more people want to buy Bitcoin than sell it, the price will rise, and vice versa. The finite supply of Bitcoin (capped at 21 million coins) contributes to its scarcity, which can affect its price.Market Sentiment: Investor sentiment plays a sign