The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
Even it have market inflation but it is not the reason that it wipe out fiat and also with crypto. We are holding the market and of course nobody could let it happen because if this so called inflation.
I think the Bitcoin will not protecting the any other normal currency but the possibility in the future is also available with the help of Bitcoin the normal currency can be economically more powerful that's why I think it important for the future but right now I don't think like that.
Will agreed with you. I don't know why people think of it besides, having crypto in our side is just an option to take of what we used.