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. Retrieved from

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

Why is gold so valuable? (2013). Retrieved from

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

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

The Bretton Woods system. Retrieved from

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

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

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

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

Hyperinflation. Retrieved from