Whats bitcoin backed by

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Is Bitcoin Backed By Energy?
Like all forms of currency, Bitcoin is given value by its users, supply and demand. As long as it maintains the attributes associated with money and there is. Like the U.S. dollar, Bitcoin is not backed by a physical commodity, and instead derives its value in other ways. ADVERTISEMENT. Advertisement. Bitcoin is not backed by any asset. This should be intuitive because Bitcoin is not controlled by any person or organization.

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