I have been studying the difference between Fiat and Bitcoin but I still get it twisted to understand what a Fiat mean, I would like the experienced members here to tell me the difference, I got to understand what a Bitcoin is all about but still confused on Fiat .
Thank you all
One difference you need to know about Fiat currencies is that Fiat currencies are regulated or centralized and controlled by the central bank of a country it's your normal money that you use in your day to day life as a citizen this is what makes it different with Bitcoin because Bitcoin is decentralized meaning that it's not controlled by any body or Bank