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Great answer, but what if all other fiat currency went to shit aswell?
This won't be an issue if the goods and services that are offered in the market are priced in bitcoin or in its smaller units You can go to a grocery store and buy an item that's worth 100 satoshis for example. The main point there is that People can still give it value even if fiats don't exist. It can also become useful even when society goes back to the gold standard.