That's not the same as "not being backed by". Uncle Sam seems to be doing a pretty good job of asserting his control over it[0], while the Fed isn't guaranteeing it. Worst of both worlds, isn't it?
[0] https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-b...
That's not the same as "not being backed by". Uncle Sam seems to be doing a pretty good job of asserting his control over it[0], while the Fed isn't guaranteeing it. Worst of both worlds, isn't it?
[0] https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-b...