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Do You Trust Bitcoin Just Like Fiat Currency?

Nomad · 5 days ago · 2 replies · 43

Bitcoin wasn’t created out of thin air, it was built on blockchain technology and cryptography, which power much of today’s digital world. Technologies like Web3, the metaverse, and decentralized finance would have never existed without the foundation Bitcoin managed to establish. However, the value of Bitcoin isn’t determined by any institutions, I is entirely determined by the market. Fiat currency on the other hand is created by governments and it has standard value.

Do you trust bitcoin just like fiat currency?

2 replies
pixelshadewolf · 4 days ago

I trust BTC more than fiat currencies; just think about the 2008 crisis and tell me if banks are trustworthy—lol.

K
Kennysplash · 1 day ago

Actually if I’m being factual, I trust cryptocurrency more than my Fiat institutions. I just guy a debit alert right now of some maintenance costs, with Bitcoin there is nothing like that!

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