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2024 Bitcoin Price Prediction (CRAZY!)Abstract. The use of Bitcoins is increasing rapidly. Bitcoins are utilized in e- commerce to purchase both legal and illegal goods, they are transferred and. Bitcoin exists in a deregulated marketplace, so there is no centralized issuing authority. Bitcoin addresses do not require Social Security Numbers (SSNs) or. Bitcoin value is not based on government regulation or law mandating its use in a country. Similarly, it is not backed by gold. Bitcoin can be used to purchase.