alt Hacker NewsIt is tied to the dollar. If 1 bitcoin was not worth a gazillion dollars, no one would be buying or selling it.
Replies
IAmBroom • yesterday at 8:09 PM
That's not what "tied to the dollar" means.
The yuan is not tied to the dollar, but can be traded for dollars. Same for Euros, gold, and bricks of heroin.
OK, that last one has to be converted to bitcoin first....
I would.