![]() The fact of the matter is that there’s nothing fundamentally underpinning the value of Bitcoin other than the belief among some people that space on the network is valuable. You’re not entitled to redeem your Bitcoin for anything.) Being secured is not the same as being backed. The Bitcoin network is secured by electricity and math. (This is where someone jumps in and says I’m wrong, and that Bitcoin is backed electricity and math! But that is wrong. A nearly $1 trillion asset has been memed into existence, despite being backed by nothing. ![]() But on the other hand, you have to give it some credit. ![]()
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