Factually speaking, BTC is backed by the same thing as USD currency - The belief that it's worth something. That's all.
Nothing more. Nothing less.
I can't personally get behind it for this reason. I'm all in on commodities I can hold in my hand and have 100% control over.
Like they say, the buck stops here ... Beedy beedy beedy beedy Buck
Dan Peña, a highly respected businessman, who does multi billion dollar deals says Putin is behind BTC and the Satoshi story is complete bullshit. I believe him.
That is truly sound money management. If you can physically hold the asset in your hand, you can't lose it without freely giving it up or by theft. Which is why bank theft movies are still so popular in today's culture.
Factually speaking, BTC is backed by the same thing as USD currency - The belief that it's worth something. That's all.
Nothing more. Nothing less.
I can't personally get behind it for this reason. I'm all in on commodities I can hold in my hand and have 100% control over.
Like they say, the buck stops here ... Beedy beedy beedy beedy Buck
Dan Peña, a highly respected businessman, who does multi billion dollar deals says Putin is behind BTC and the Satoshi story is complete bullshit. I believe him.
That is truly sound money management. If you can physically hold the asset in your hand, you can't lose it without freely giving it up or by theft. Which is why bank theft movies are still so popular in today's culture.
Unlike the USD, we don't have to have faith that a corrupt government won't keep printing unlimited BTC.