Bitcoin was created to provide independence from Government control to the users. But I think it is not so independent.
It depends on fiat currency especially the Dollar for it's valuation.
My question is ; we are measuring it's value in dollars. So is not it true that Bitcoin is dependent on fiat currency for it's existence?
Please share whatever views you are having.
Kindly correct me if I am wrong.
Exactly. If bitcoins are decentralized and a currency itself then how can it depend on any other type of currency and why should it?
well, the truth is that we need something to compare it with, in case you are not aware the USD is compared against things like gold or crude oil in some case without those comparisons we can't make sense of bitcoin. so without gold or crude oil did you honestly think other nations will gladly accept the dollar for international trade