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.
Both those statements are true in some way. It is independant from fiat and unable to control, but it is dependant because it is the only way, that you can purchase Bitcoin. Is for Fiat.