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Bachalor thesis defines main factors, that influence final value of digital currency Bitcoin. By means of comparing bitcoin with traditional currencies and other assets are defined differences, which exist among them. He points out the fact, that it is necessary to look at Bitcoin from different perspectives in order to value its price. Based on this fact, are created two models which value Bitcoin. First model is created on whole network's level and he reflects market price of Bitcoin. Second model is specified according to conditions of individual miner. By creating this model, it is possible to explain individual fundaments necessary for mining. By author is characterised and eventually included to these specific valuation models impact of demand on this currency, which has significant impact on its value. |