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The absolute power of Bitcoin

By xuanling11 | Crypto Learning | 27 Feb 2023

Does Bitcoin represent an absolute power of money?


Fiat money is used to present the absolute power of money because there is no alternative.


Similarly, Bitcoin has no absolute power over fiat money because it always refers back to fiat for its valuation.


It can not sustain by itself through its own valuation. It has to trade back fiat money to verify its own valuation.


Unlike fiat currency, it presents itself in the way of a value of "1" and is absolutely fixed despite losing valuation yearly.


Thus, Bitcoin is not absolute but a relative currency compares to fiat currency.


And Bitcoin will lose its reference if fiat currency gains its valuation.


All assets are working the same as Bitcoin.


Therefore, Bitcoin is just like another kind of asset rather in the digital form.


Photo by Daniele Levis Pelusi on Unsplash


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