Gradually BTC will be legalized in other countries, Bitcoin as a means of trading may be used outside the official currency held in that country, but for Bitcoin's value there are no rules. can adjust it. Because the value or price of Bitcoin is not affected by the regulations applied in a country,
I think the price of bitcoin is influenced by several factors, such as, bitcoin is influenced by supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar. Conversely, if many bitcoiners sell Bitcoin, the price of bitcoin will drop sharply.
Bitcoin can be under a regulation that is determined by a country, the rules governing the use of bitcoin as a means of transaction that can be used in addition to the official currency held in the country, but for the value of bitcoin there is no regulation that can regulate it.
because the value or price of bitcoin is not affected by the regulations applied in a country