Post
Topic
Board Economics
Re: Does Bitcoin had a back up by real money?
by
jestbenen8
on 10/10/2018, 10:22:15 UTC
maybe, or maybe there is a bank that supports and is ready to print money on every bitcoin exchange to fiat? I also haven't found a theory about it.
Yeah bitcoin has real money on its back because when I buy bitcoin I will have to pay for it. Exchange will convert my local currency into dollar and then into bitcoin. That’s why I can say that all the bitcoin in the world has a value in real money and you can cash your coins any time for real money. Ups and downs do not affect the capitalization of real money.