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by
Wallflower28
on 05/05/2020, 23:44:08 UTC
Hello good people.

I'm reading about all this cryptocurrency for a little while now (hard not to its all over and everywhere) and I got some questions that I could not find a satisfying answer.

1. There is no question about Fiat money (whatever it is $, £ or euro.) thats its losing it's value, so the question is. If it got no value what value Bitcoin have then ? ( i will use bitcoin for must common crypto but thinking of any). Can't get my head over it.

2.If you imagine in let's say 20 years FIAT goes to CRYPTO all the way. You want to buy a car worth $5000 but paying in Crypto, how much would you pay ? if $ got no value.

Maybe answer is simple for some of you. Please be good samaritan and share some knowlage here.
Thanks for any effort.
If fiat will become zero valuable asset or lose its worth, I believe that bitcoin can be measured also through gold. Since fiat is only depending also from gold. That is why there is a gold reserve for every country.
It definitely have a value since today there is already a converted exchange between fiat and crypto. As soos as cryptocurrency overpowered the fiat, there can be already a price for a certain thing. Imagine, how does people before made the price between fiat and a car? So, definitely it can also be made in cryptocurrency.