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 still believe the fiat is very much relevant as it creates a bridge between the two worlds. As a matter of fact, the fiats is what is majorly still being accepted everywhere now so it still makes the cryptocurrency relevant too.