With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.
This is the edge fiat and centralized currencies have over crypto and this has made so many shy away from doing legal business transaction using some crypto most especially during bear market. Can this issue get a remedy?
Price fluctuations exist in everything, look at the dollar against other currencies and you will see that the dollar also changes its value over time against those currencies, bitcoin is more extreme in its volatility that is true but if the global adoption that we want happened then the volatility will be way smaller than what we see now, but it will never disappear.
So what you are describing will not happen because even if all fiat currencies disappeared then bitcoin will have a price outside itself as we will still have a lot of altcoins that will have an exchange rate in terms of bitcoin.