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.
Blockchain technology itself is independent because it is decentralized so for me Bitcoin is independent only requires adoption. People invest large amounts of fiat money into Bitcoin just to have what we call financial freedom that fiat never gives us.