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Exactly what Is Bitcoin Supported By? The supply of value: Bitcoin vs fiat

Bitcoin does not have to be supported by such a thing concrete become valuable; like fiat currencies, a lot of its value derives from customer self- self- confidence.

In brief

  • Inspite of the misconception that is common Bitcoin doesn't have value, its market capitalization of approximately $190 billion suggests otherwise.
  • Just like the United States buck & most other fiat currencies, Bitcoin isn't supported by real assets in a vault, but rather by its value as being a mode of re re re payment.