Bitcoin (BTC) $83,413.17 -0.31%
Ethereum (ETH) $1,811.25 0.05%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 120.331859 -0.33%
Cardano (ADA) $0.65 -1.43%
Chainlink (LINK) $12.81 -0.19%
Litecoin (LTC) $82.42 -2.10%
Helium (HNT) 2.843856 0.09%
Polygon (MATIC) 0.25693 2.45%
Dash (DASH) $21.38 -0.97%
X-CASH (XCASH) 2.0E-6 4.08%
Dogecoin (DOGE) $0.00 -11.43%

Cryptocurrencies: 25799

Markets: 103857

Market Cap: $2,671,173,322,305

24h Vol: $42,155,958,097

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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