Bitcoin value soars as security flaws diminish, gaining trust and stability.
The article explores how the security of Bitcoin affects its value. By analyzing market data, it shows that improvements in Bitcoin security lead to an increase in its value. Major security breaches have a negative impact on the currency's value. The study suggests that Bitcoin's value is growing as users trust its security more. Fluctuations in Bitcoin's value are linked to events in the digital security environment, but these fluctuations are becoming less severe over time. The volatility of Bitcoin is due to security flaws in Bitcoin services, not the Bitcoin protocol itself.