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What Gives Cryptocurrency Value and How Does it Gain Value?The price of Bitcoin (BTC) is moving higher on a positive federal court ruling the long-running SEC suit against Ripple Labs. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer. Bitcoin derives its value in the same way any currency does: by fulfilling the six characteristics of money. Those characteristics are: durability.
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