This study aims at analyzing and evaluating the relationship between exchange rates and inflation rates and their impact on the fluctuations and value of Bitcoin. It dealt with knowledge and analysis, during the writing of this paper, which showed us that there is a noticeable impact, and many aspects were addressed, identifying each of Bitcoin and the importance of its fluctuations, and defining each. From exchange rates and inflation rates and the impact of each of them on the value of Bitcoin fluctuations, information was collected about both Bitcoin as a digital currency and its exchange rates, and the inflation equations for the states of Palestine and Jordan were taken as an example for the last four years to analyze and evaluate their results using multiple linear regression, and recommendations were made on them to be taken into consideration in the future. Accordingly, Bitcoin continues to fluctuate in its price in the long term and Bitcoin isn't considered a haven for inflation rates and exchange rates.