I recommend you find the riskiest startup and take most of your TC as options. What could possibly go wrong? You already had one near-bankruptcy in your life, what are the chances of another?
Seriously, useful currencies are always backed by valuable assets. Precious metals were used as currencies for thousands of years. They could always be melted down and used for other purposes (silver : silverware then later photography; gold : jewelry/dental).
In the 1400's Italy invented the idea of a bank where you could store the currency and then people could carry around certificates which could be exchanged at the bank for the metals. Up until the 1960's the US currency was literally titled, e.g. "USA $1 Silver Certificate" or "USA $100 Gold Certificate" and was in theory exchangeable for precious metal from Fort Knox. Literally France and many other countries started exchanging this when the USA went into money-printing mode in the early 1970's to pay for Vietnam and Space program at the same time.
Nixon found a solution, he took the USA off the gold/silver standard, and put it on the oil standard. Nixon exited the 1944 Bretton-Woods agreement in 1973 ( https://en.wikipedia.org/wiki/Nixon_shock ) with a US-Saudi Arabia agreement that oil would be traded only in dollars. At the time Saudi Arabia was the largest producer of oil and the USA economy was 27% of world GDP. It does not read properly on top of the USA Dollar bill any more, it should say, "USA $1 Oil Certificate" because foreign countries have to buy dollars in order to buy oil. When IRAQ tried to start a non-US$ oil market, Bush Jr (Shrub) invaded and destroyed IRAQ.
Anyway, there is NOTHING backing bitcoin. NOTHING. You cannot exchange bitcoins for AMD video cards used to create the bitcoin. You cannot exchange it for the electricity used to mine it. It's a totally worthless thing, and people who don't understand money or bubbles, are starting to learn about this right now!
I was thinking the same way when I first heard about Bitcoin. Try to give it a benefit of the doubt and learn about it a bit more.
There are crypto currency that are backed by gold and silver. You can buy those if you want asset backed crypto currency.
No one is buying Bitcoin thinking it is backed by gold or silver. Actually, fiat currency is not backed by any asset either. If you don't believe me, try to go to the bank and exchange your fiat currency to some kind of asset. The banker won't even know what you are talking about.
Not only that, they can also print fiat currency as much as they need. Fiat currency is inflationary.
Bitcoin is a hedge against inflationary fiat currency.
except as I mentioned in my posting the u.s. dollar is backed by the world oil market as OPEC sets the price of oil in US dollars. so as long as this is true there will always be a need for every country to buy US dollars.
The US dollar is a residual claim to a portion of the US economy because it is fiat currency in the country. God, crypto people slay me. Guess who you never hear lost millions in stupid crypto investments? Economics professors. How many billions of dollars in losses could have been avoided with some basic education in macro? Sigh. Bitcoin would only be an effective hedge against inflationary fiat currency if its price were not primarily driven by speculation and bubble dynamics, and if its price were tied in some way to a basket of goods.
Take that loss as an expensive education - if you are able to learn from it. If you are young, you have plenty of time to make to make more $$$ than you lost. When dealing with risky bets with high returns, key is to understand you might take heavy loss, then consider the number of bets you can place.