Bitcoin is worthless (but so is your “real” money)

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:

Bustillos, M. (2017, November). You Don’t Understand Bitcoin Because You Think Money Is Real.
Children playing with stacks of hyperinflated currency during the Weimar Republic, 1922. (2014, June). RareHistoricalPhotos.
Clark, J., & Whitbourne, K. (n.d.). How much actual money is there in the world?
Cooperation and reconstruction (1944–71). (n.d.). International Monetary Fund.
Gobry, P.-E. (2013, January). All Money Is Fiat Money.
Hyperinflation. (n.d.).
Is Bitcoin a Fiat Currency? Why? or Why Not? (n.d.). Cryptalker.
Money Stock and Debt Measures - H.6 Release. (n.d.). The Federal Reserve System.
Rowlatt, J. (2013, December). Why do we value gold?
The Bretton Woods system. (n.d.).
Why is gold so valuable? (2013, May).