In the past few years, Bitcoin has seen wild swings in its value against the USD, from $1,242 at its peak in November 2013, to around $195 at the time of writing. It’s difficult to pinpoint a single element that contributes to its volatility—instead, many factors influence its value:Bitcoin is inherently scarce, as its production is limited to 21 million BTCBad press scares Bitcoin users into selling them, such as security breaches or government regulationSpeculation from investorsThe vast fl...