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.
Actually you can not compare it with dollar. Every thing you have to measure with a currency that we can understand loss or profit. As dollar is an international standard to understand anything internationally so we measure BTC with dollar. But BTC is unique digital currency and we should not compare it with fiat currency.