Bitcoin is backed by nothing and that’s exactly why it can be used to back everything else.
Real estate has value because it’s useful: people can live on it, farm on it, and it’s limited by location.
Gold has value because it’s rare, shiny, and used in jewelry.
Bitcoin is different. Its value comes only from its limited supply, built into code. It’s pure digital money not tied to land, politics, physical stuff or any other variable.