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.
Well, because there are many peoples who still not accept btc as a payment. If there is someone who want to buy a car with btc but doesn't find a seller who accept btc, they will need to sell their btc to fiat money first. That is why the btc value still depends on the fiat value.