The dollar connection with Cryptocurrency should now be broken. I think let's calculate Bitcoin value in gold. Because we have made a more memorable and real comparison. Bitcoin opened the door of a new economic model. Let's not compare with classic vehicles anymore.
And how is the value of gold measured and valued? In US Dollar and other fiat currencies also.
For now, it is hard to let go of the connection because fiat still rules the monetary world. But we will of course get away with it in due time.
Indeed. Pretty much everything is still dependent on fiat despite claims saying that it's already dying. We can't really abolish the cryptocurrency-USD relationship just yet because of how unsuitable for commerce bitcoin and most of today's cryptocurrencies are. Hopefully in the near future this will change. I know everyone's eager to see cryotocurrency winning this race at the end of the line.