Who backs bitcoin

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Cryptocurrencies usually aren't backed by any central authority in the same fashion as fiat currencies or another government-sanctioned medium of exchange. A recurring criticism of bitcoin is that it has no backing from a government or reserve of assets. Because of this, critics say it has no intrinsic value. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer.