Re: What is the collateral behind Bitcoin?

Quote from: rolls89 on July 16, 2018, 12:52:52 PM

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

Markets are the collateral, that equilibrium between how much want to pay for a btc and how much want to earn while selling a btc.

If you visit https://bitcoinwisdom.com/ you will see the main markets in live action Wink

https://bitcoinwisdom.com/markets/bitfinex/btcusd
https://bitcoinwisdom.com/markets/bitstamp/btcusd
https://bitcoinwisdom.com/markets/coinbase/btcusd
https://bitcoinwisdom.com/markets/bitcoinde/btceur
https://bitcoinwisdom.com/markets/quadrigacx/btccad

All those orders place a bitcoin price, and the current price * total bitcoins, makes the market capitalization (MKT CAP $111.95B) And that number is the real collateral 111 Billions are the backup Grin