How can I calculate the price of bitcoin?

1 answers

• Jan 14, 2022 · 3 years ago
  Calculating the price of bitcoin can be done by using the formula: Price = Market Cap / Circulating Supply. The market cap of bitcoin is the total value of all bitcoins in circulation, which can be found on websites like CoinMarketCap or CoinGecko. The circulating supply is the number of bitcoins that are currently in circulation and available for trading. By dividing the market cap by the circulating supply, you can get the price of bitcoin. However, it's important to note that this formula provides an estimate and the actual price may vary due to market fluctuations and other factors. It's always a good idea to use multiple sources and consult with experts when calculating the price of bitcoin.
  705353