There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
I wouldn't think so!! The Fiat currency will be in the world for a couple of years. Need to be alternated to enter into crypto, withdraw in Fiat and then buy bitcoins etc. Fiat need for to lock in profits.