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**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.
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Good Morning Crypto
Ivan on Tech by Ivan Liljeqvist
What the Heck, If Anything, Does ‘Backing’ A Currency Mean?
The word ‘backing’ has been bandied about for a while now, the implication being that if paper ‘money’ is ‘backed’ by something real, then that ‘money’ will somehow be perceived as being ‘real money’. Of course, the less welcome implication is that unbacked ‘money’ is less than real! This statement is really an understatement… but what does ‘backing’ actually mean?
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