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.
Disclaimer: I'm trying to convince you to buy crypto. Just putting things into context.
This video wouldn't be possible without the work of others. Here are the sources I've used during my research & script writing:
Children playing with stacks of hyperinflated currency during the Weimar Republic, 1922
. (2014, June). RareHistoricalPhotos. https://rarehistoricalphotos.com/hyperinflation-weimar-republic-1922/
Clark, J., & Whitbourne, K. (n.d.). How much actual money is there in the world? https://money.howstuffworks.com/how-much-money-is-in-the-world.htm
Cooperation and reconstruction (1944–71)
. (n.d.). International Monetary Fund. https://www.imf.org/external/about/histcoop.htm
Is Bitcoin a Fiat Currency? Why? or Why Not?
(n.d.). Cryptalker. https://cryptalker.com/is-bitcoin-a-fiat-currency/
Money Stock and Debt Measures - H.6 Release
. (n.d.). The Federal Reserve System. https://www.federalreserve.gov/releases/h6/current/default.htm
Rowlatt, J. (2013, December). Why do we value gold? https://www.bbc.com/news/magazine-25255957