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
Note: the post was shared on multiple platforms here.
Don’t forget to check out my new book here
You can refer my previous article lists here and here and here and here
Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until
Bitcoin got one more problem
Deflation is coming
The thesis against Crypto Exchanges
Crypto liquidities
Crypto bear market isn't gone
Does Bitcoin negatively correlate to the dollar
Why Ethereum reputation is in question
Crypto whales are secretly dumping
Bitcoin is not efficient
Why Ethereum killers are killing themselves
One more thing NFT can do
Mother of all bubble
Crypto is a good investment or not
Say no to FOMO
About my new book
Market is up today but why
What is up with market today
When the safest security got hacked
Why the government tried to regulate crypto but fail
Era of influence
Serious of crypto
Humanity in crypto
Position of Crypto
The only way
Why staking is in trouble sort of
Pressure Cooker Environment
Growth vs Fixed
Crypto selections
Crypto is a security
If you are in Crypto, you are stupid
Terra is guilty
How many people to manage the crypto bank
Should you invest in speculation
Crypto is in its own trap
Rug Pull still can pull off
Crypto Nation
Fight for inflation
Blockchain tradeoff
Stricter regulations
