When it comes to Bitcoin, there is no such thing as an official price. This is because the cryptocurrency is not regulated by any government or financial institution. Instead, its price is determined by the supply and demand of the market.

In other words, if more people want to buy Bitcoin than sell it, the price will go up. And if more people want to sell Bitcoin than buy it, the price will go down.

The current value of all bitcoins in circulation is around $115 billion. That might seem like a lot, but it’s actually only a tiny fraction of the global money supply, which is estimated to be around $90 trillion.

So even though each individual bitcoin is worth a lot of money, there are still only a limited number of them in existence.

This scarcity is one of the things that makes Bitcoin so valuable. If there were an unlimited supply of bitcoins, they would eventually lose their value because people would start using other currencies instead.

But because there will only ever be 21 million bitcoins in existence, the demand for them will always exceed the supply, and this is what gives them their value.

Of course, the value of Bitcoin can also go down as well as up. In fact, it has been incredibly volatile over the past few years.

For example, in December 2017 the price of one bitcoin reached almost $20,000 before crashing back down to around $3,000 just a few months later.

So how much is Bitcoin really worth? That’s impossible to say for sure. But what we can say is that its value will continue to go up and down depending on the lAWS of supply and demand.