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Old 07-19-2025, 07:35 AM
Boilerman Boilerman is offline
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Originally Posted by danglanzsr View Post
As I understand it, there are currently about 20million bitcoins outstanding out of a maximum 21 million. If the currently value of a bitcoin is, say $100,000, that would mean the total value of outstanding bitcoin is about 2 trillion dollars. Is there actually 2 trillion dollars on deposit somewhere to redeem all the bitcoin in a crisis? It seems to me any asset could only be called a stable asset if it is fully backed up.

Just wondering.
And the USD is backed up how?
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