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.
It's not necessarily dependent of fiat. Fiat is a scale, a unit of measure for bitcoin. As long as fiat is the main unit of measure, everything will be scaled to that.