Bitcoin (BTC) $76,676.64 -0.54%
Ethereum (ETH) $2,124.82 0.26%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.935901 -0.10%
Dogecoin (DOGE) $0.10 -2.33%
Cardano (ADA) $0.25 0.26%
Chainlink (LINK) $9.62 1.19%
Litecoin (LTC) $54.24 0.33%
Dash (DASH) $42.90 5.86%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.831701 4.23%
X-Cash (XCASH) 7.0E-6 -0.84%

Cryptocurrencies: 28960

Markets: 114116

Market Cap: $2,557,594,794,866

24h Vol: $95,209,059,350

Decrypt

2023-02-20 10:36:03

What Backs Bitcoin?

What Backs Bitcoin?

Bitcoin doesn't need to be backed by anything tangible to be valuable; like fiat currencies, much of its value derives from consumer confidence.

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