[Old Teufel Hunden]

"In reality, it has no more backing than the US dollar as values for both are based on confidence and volume."

The value of the U.S. dollar is backed up by the confidence in an economy that generates one of the largest (if not largest) GDPs in the world. The bitcoin is based on the confidence in a bunch of speculators putting a certain value on it. I'll take my chances with the U.S. dollar.

[Tenacious 1]

The value of the U.S. dollar is backed up by the confidence in an economy that generates one of the largest (if not largest) GDPs in the world. The bitcoin is based on the confidence in a bunch of speculators putting a certain value on it. I'll take my chances with the U.S. dollar.

We agree 100%. I am buying $100 Bitcoin. I also buy lottery tickets now and then. I kick myself because I almost bought $100 worth of Bitcoin 2 years ago.