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?
Crypto currency is a currency that has value for its investors, so at this time it cannot be equated with the relevant fiat currency if indeed all crypto currencies can be accepted by all countries as the applicable currency to carry out the transaction. The crypto currency can be said to be relevant.