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.
Economy in the physical world is dependent on the interventions of every country. Countries trades with the other country, Bitcoins value also depends on the value of fiat because we are converting it, but as an actual value of bitcoin it is not. It is independent in terms of transaction features.