Post
Topic
Board Bitcoin Discussion
Re: Can BTC exist without Fiat?
by
Slash61
on 18/07/2021, 07:06:12 UTC
this seems confusing to me.
if the existence of BTC is without fiat I think it still can. only the existence of fiat itself gives BTC value.
just like gold without fiat. we are going back to the days of the barter market. everyone buys what they want with what they have.
that's all because BTC has not been used by everyone as a transaction tool. so fiat is still very important to be the measuring value of every crypto asset.
but when everyone turns to crypto as a means of payment. BTC will probably be the most powerful crypto-asset commodity on the market as a transaction tool. and by that time, fiat may be deprecated around the world.