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Behind what? Bitcoin is a store of value. 1 BTC will always be worth 1 BTC. If you want to store your USD, perhaps you should keep them in the form of USD.
by freedom7775 9y ago
Behind what? Bitcoin is a store of value. 1 BTC will always be worth 1 BTC.
If you want to store your USD, perhaps you should keep them in the form of USD.
- inyourtenement 9y agoBut ... what is the value of 1 BTC? If it's not reasonably stable, then what is being stored?
- dragonwriter 9y ago> Bitcoin is a store of value. 1 BTC will always be worth 1 BTC. You really want to look at a store of value in terms of other goods and services, not itself. (Major world currencies tend to be stable in value against common goods baskets in the short-term with slow inflation in the longer term, so comparing—especially over a short term—a more volatile store of value to a major currency can also;make sense.)