Post
Topic
Board Economics
Re: Does Bitcoin had a back up by real money?
by
ontrackk
on 20/07/2018, 16:11:19 UTC
I bet there are some adjustments on bitcoin market price that could cater all the money being collected from the people who invested on cyrptocurrency. Well i bet that crytpo are being back up by real money but as we all know that not all the people around the world will sell or their crypto and instead they will just hold especially if market price is low.
So pretty much bitcoin and all the crypto is completely backed by fiat as theoretically it would be possible to sell it all for fiat eventually by making the price drop to 0