There is indeed some truth in this because as everyone understands (even if they deny it on the surface, but inside they know for sure that this is so) that without relying on the same "fiat money", any cryptocurrency is just useless numbers that cost less than nothing.
everyone wants wealth in fiat money - dollars, euros - from cryptocurrencies, but they do not want to use cryptocurrencies as a measure of price in itself. no one wants to go to a restaurant and pay a conditional 0.2eth for dinner - they want to go to a restaurant and pay $ 100 for dinner, but through eth conversion.
People themselves have come up with a gasket between themselves and fiat money and believe that this is the real future and independence - but they do not want to understand that such actions simply kill what the cryptocurrency really is. and at the same time, they do not forget to say and write everywhere that fiat money is evil, that banks are evil, that the state that prints money is also evil.
And it's both very funny and very sad. Tragicomedy as it is.
Wow! I have nothing to add to your point. Very deep, very correct and very to the point. Nobody ever will say that Bill Gates is #2-3 in Forbes because he got 1,000,000 Bitcoins, but only because he got X billions of Dollars. So nobody will say Apple is finally 10,500,000 Bitcoins worth company (for example), but only "it's finally a Trillion Dollars company". That's the end of story where the true power is, despite USD being inflated, overprinted, etc. - when the time comes, the "elites" will replace it with something they need (even if it's Bitcoin), but not anything not that - is not for "real rich", but probably for "fake rich" to play around until the time permits.
But still - you can not call BTC "fake wealth". It's like calling an Apple stockholder a beggar just because he's holding Apple stock instead of dollars.
The state in which the cryptocurrency now is the same shares of Apple or IBM just in a different form.
But at the same time, when switching to the" natural "value of the cryptocurrency, it will also not be called" fake wealth " because it will already be a full - fledged means of payment. Quite a subtle and slippery question, in general.