Many people are perplexed that there is no asset underlying Bitcoin. One answer is that there is nothing underlying fiat money either.
https://faculty.iima.ac.in/~jrvarma/blog/index.cgi/Y2017-18/bitcoin-as-short.html?curator=alphaideas&utm_source=alphaideas
https://faculty.iima.ac.in/~jrvarma/blog/index.cgi/Y2017-18/bitcoin-as-short.html?curator=alphaideas&utm_source=alphaideas
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