Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is independent? or depends on fiat currency
by
Kawatan Ug Manok
on 18/08/2018, 12:37:35 UTC
Bitcoin is a dependent currency. You are generalizing it as bitcoin is only for USD but the fact is not. BTC is convertible to all fiat currency around the world. It is a standalone coin, it does not depend on any value of fiat currency. The opposite statement was, the value of USD>BTC will depend of the current value and demand of BTC in the market. Because that is the fact. Wink Grin

You can research it for more informations which may enlighten you.