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A comment on Bitcoin surpasses $50K as major companies jump into crypto. Parent comment

Re:Bitcoin surpasses $50K as major companies jump into crypto by bitexploder on Tuesday February 16, 2021 @11:19PM (#26162645)
It’s still backed by the currency. Kind of like how when you make a stock trade the actual trade isn’t cleared for some time. In this way the blockchain of Bitcoin is simply transparent and easy to follow, if slow and expensive.
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Re:Bitcoin surpasses $50K as major companies jump into crypto by dragontamer on Tuesday February 16, 2021 @11:57PM (#26162878)
A big criticism of the current market is that Tethers aren't backed by anything. Nonetheless, there's a huge BTC and USDT and USD trade going on.
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