Channel: Simply Explained

Category: Science & Technology

Tags: nixonusdfloatbretton woodsdummiesethereumbeginnerfiatfiat moneycrisishowtoshocklessoneconomymarketbasic tutorialsilverexchangegetting startedcoinfundamentalsbasicseurogermanygold standardtrainingworthdollargoldgovernmentrateus dollarcoursecurrencytutorialfreevalueintroductionyenlearnvolatileworthlesseconomicstruthstablebest practicescirculationfederal reservebitcoinpresident

Description: How can Bitcoin have any value? Is Ethereum worthless? Well, yeah! But so are your dollars, euros, yens. Money is a weird thing. It is not backed by gold or silver, but by our belief in it. Correction: all the gold in the world can fit into a cube of 8000m3 (20x20x20 meters). Not 20m3, lol! How stupid of me! I'm NOT trying to convince you to buy crypto. However, if you want to exchange your worthless money into worthless Bitcoin, you can use my affiliate link: coinbase.com/join/decuyp_9 Buy $100 worth of crypto, and we'll both get $10 for free. 📚 Sources: savjee.be/videos/simply-explained/bitcoin-is-worthless 🌍 Social Twitter: twitter.com/Savjee Facebook: facebook.com/Savjee Blog: savjee.be ❤️ Become a Simply Explained member: youtube.com/channel/UCnxrdFPXJMeHru_b4Q_vTPQ/join