"Crypto is backed by whatever clown wants to say how much it is worth.>>>>>>>>>>>>>> totally wrong and you know it! Price in market driven – “supply & demand” though I suspect the proven and on record criminals at the CME group will do their best to screw over BTC futures and milk it for all its worth, as they continue to do with silver futures."
Actually, EVERYTHING is valued by what somebody thinks it is worth. The market price of a product or service is impacted by supply / demand at any particular instance, but the underlying value emerges from what the customer thinks it's worth. The market price is then impacted by the market's consensus.
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