Post
Topic
Board Bitcoin Discussion
Re: What is the collateral behind Bitcoin?
by
KrishaBitcoin
on 29/08/2018, 05:56:04 UTC
What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC

There is no collateral that is why there are lot of criticism against this investment like Bill Gates and Warren Buffett in which they said that Bitcoin will not last because it has no collateral for the sake of the investors but Bitcoin already build a deep foundation of trust among the people that even it has no commodity to promote but still the people will pour their investments to this coin.