MI Rewind: Bitcoin First and Fidelity Digital Assets w/ Chris Kuiper & Jack Neureuter
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Bitcoin's No Value
A surprising number of people still think the US dollar is backed by gold. But Bitcoin isn't backed by anything, he says. It's true in the physical sense that you can't trade it at a fixed exchange rate for something else. What is backing it is the massive amount of computing power that's powering this network That's what makes it scarce and gives it potential to be store of value.
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