Answering the MISCONCEPTIONS about BITCOIN: Part Four (2018)

In this video, we answer another misconception about bitcoin. You’ll find the more that you’re in this space, that most people’s misconceptions come from a place of ignorance. And today we will deal with the misconception that “bitcoin is worthless because it’s not backed by anything.”

The idea that Bitcoin has no value because it’s not backed by anything is a popular misconception. Now I believe that there are two very good points to bring up in regards to this misconception. One point is pretty simple and the second is one that should make you really think and blow your mind a little.

A few things you’ll learn in this video:

1 - Why Bitcoin has value.
2 - How other currencies aren’t backed by anything as well.
3 - How you can explain to someone Bitcoin’s value and worth.

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DISCLAIMER:
CRYPTO CURRENCY INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS, PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.