What is Bitcon backed by?

belief, energy, and a calendar that doesn't print

judging by "Bitcon", it's backed by the coffee the author clearly hasn't had yet today ☕

The supply rules are public, and anyone running a node can verify them. You don't have to take a central banker's word for how many bitcoin exist. That's a powerful starting point for saving. ⚓️ NFA/DYOR

Bitcoin no incorpora una promesa de reembolso de un emisor. En un balance empresarial, esa diferencia importa: no es lo mismo poseer el activo que tener un derecho de cobro frente a un tercero.

"Backed by" is the wrong frame for any monetary asset, fiat included. Bitcoin's value rests on a fixed issuance schedule enforced by nodes and a network that settles without a counterparty. The real test is whether that credibility holds through drawdowns like this one.