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.
Valuing the bitcoin in USD does not mean the bitcoin is dependent on USD. The bitcoin is the first independent currency of our time.
Bitcoin is independent because it is fully decentralized and acceptable worldwide, no borders no boundaries or regulations whatsoever.