That's bitcoins fundamental problem. It's value is entirely derived from people believing they may be able to exchange it for a large amount of fiat currency.
At least with fiat, even if a large amount of it's value is arbitrary, you still need it to pay taxes, which guarantees that everyone values it, at least a little.
That's bitcoins fundamental problem. It's value is entirely derived from people believing they may be able to exchange it for a large amount of fiat currency.
At least with fiat, even if a large amount of it's value is arbitrary, you still need it to pay taxes, which guarantees that everyone values it, at least a little.