You people commenting are clueless. I really hope none of you actually have any money invested. Remember the saying " you dont make momey until you sell" absolutely nothing backs bit coin. The "fiat" currency your talking about is the currency that is putting food on your table, a roof over your head and clothes on your back. It is backed by governments and central banks which back all the mortgages and car loans etc with interest rates which are backed by a countries economy. Bit coin has none of that. Its a pipe dream. An interesting dream but that is all. Dont get mad at the truth. Governments have power. Not bitc oin. Governments have armies not bit coin.