What Backs Bitcoin?
Bitcoin doesn't need to be backed by anything tangible to be valuable; like fiat currencies, much of its value derives from consumer confidence.
Original source
Read on DecryptRelated market context
Bitcoin price challenges $64,000 weekend wall – needing a breakout or risk a deeper correction
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipp...
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody an...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Millions of EU crypto users face exchange cutoff as MiCA deadline hits in days
On July 1, 2026, the temporary permission that lets crypto companies keep operating in Europe while they wait for a proper MiCA li...
Carlos Domingo: The DTCC is repeating telecom’s mistakes, banks need the Clarity Act more than crypto, and stablecoins set the benchmark for tokenized assets | The Wolf Of All Streets
Financial institutions must choose between proprietary systems or embracing open blockchain technologies for future growth. The po...
Raphinha’s injury woes highlight the fragile economics of athlete-backed crypto campaigns
Raphinha's injuries underscore the volatility and risk in athlete-driven crypto ventures, affecting both market value and investor...