People believe bitcoin is backed by nothing. I think that is not the truth. I believe bitcoin is actually backed by people themselves. It is backed by none other than just you. We all witnessed the price has been fluctuating by all those FUDs and bad news. The price changes by emotion and non logical facts. I believe you hold bitcoin no matter what happened and would happen, and believe it is backed by all of us, it would make a history.
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Bitcoin back up by secure network and unhackable data transaction. We know that many fake paper money because the security on paper money very weak. Different with bitcoin, bitcoin network very secure and almost unhacked, people can not change data transaction on network