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How Do Cryptocurrencies Work \u0026 Gain Value? - Cryptocurrency Explained For Beginners - CP B\u0026Wcentral bank-issued money and Bitcoin are intrinsically useless, they are subject to self-fulfilling prophecies, and thus their values can eventually converge. Cryptocurrencies have no legislated or intrinsic value; they are simply worth what people are willing to pay for them in the market. This is in contrast to. However, the values of some cryptocurrencies are fixed because they are backed by other assets, thus earning them the name �stablecoins.� While these coins.
