I ask this because of the corona virus where people are too scared to hold money.
The issue is that we value btc against the usd and other fiat currencies. If fiat currencies were no longer how would bitcoin be valued...inflation etc? Can't get my head around how it would work.
That won't be that easy. But what I think is it can work like how GOLD or USD used as reserved funds. BTC can also be used as reserved funds. A currency with so much volatility is not suitable for daily transactions. It will create chaos and conflict between countries. The stable coin can take place of paper cash and fiat currency.