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?
The fiat is still relevant as at today as it gives you the equivalent value/worth of your cryptocurrency assets. And as a matter if fact and urgency to have it spent as it applies in your relevant areas of spendings and utilization.