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). You Don’t Understand Bitcoin Because You Think Money Is Real.

Gobry, P.-E. (2013). All Money Is Fiat Money.

Why is gold so valuable? (2013).

Is Bitcoin a Fiat Currency? Why? or Why Not? Cryptalker.

Cooperation and reconstruction (1944–71). International Monetary Fund.

The Bretton Woods system.

Clark, J., & Whitbourne, K. How much actual money is there in the world?

Money Stock and Debt Measures - H.6 Release. The Federal Reserve System.

Children playing with stacks of hyperinflated currency during the Weimar Republic, 1922. (2014). RareHistoricalPhotos.

Rowlatt, J. (2013). Why do we value gold?