“Bitcoin is the hardest money ever invented”. This is a quote by Austrian economist Saifedean Ammous. While Bitcoin is one of the first inventions in our modern age to help address the issue of trust with respect to transactions, ‘trust’ is not the only thing it is backed by.
Bitcoin is backed by the security of it’s immutable network. The Bitcoin network is unbreakable and unchangeable because of its inherent design. Coded into Bitcoin is it’s supply which is 21 million Bitcoin. There will never any more created after all 21 million have been mined. This helps to contribute to the fact that is a deflationary, self-enclosed system and many speculate that it rivals gold as being a store of value.
Bitcoin transactions are backed by cryptographic proof which has so far not been gamed by bad actors or third parties.