Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..
Bitcoin needs to be tied to something.
There needs to be something backing it. That's how you know what is valuable from what is not.
Comparators can benchmark the value of Bitcoin, especially against a currency that has become a standard for the whole world. Therefore, during a bearish season, we can see a decline in the value of Bitcoin against the dollar, and vice versa. Therefore, it is difficult to deny that the final reference is the dollar after we make a profit from Bitcoin activities