Bitcoin (BTC) $62,546.27 -2.47%
Ethereum (ETH) $1,774.38 -2.52%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 75.733071 -2.13%
Cardano (ADA) $0.16 -3.52%
Chainlink (LINK) $7.93 -1.59%
Litecoin (LTC) $43.47 -2.92%
Dash (DASH) $33.18 -4.78%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.213032 -2.82%
X-Cash (XCASH) 2.0E-6 0.00%
Dogecoin (DOGE) $0.00 -1.15%

Cryptocurrencies: 29440

Markets: 111357

Market Cap: $2,155,499,967,079

24h Vol: $62,265,431,044

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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