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.
i think bitcoin is not depending on the fiat currency, but we only valued it with dollars. In fact bitcoin is virtual currencies that independently standing alone and only move regarding to the market's demand and offer.