For now, there’s always going to be a correlation between Bitcoin and fiat. That’s because Bitcoin isn’t a legal currency yet, so people still need fiat to buy it, and they sell it back to fiat when they want profit.
More people buying Bitcoin means more fiat being thrown into the market. That’s why the two are still closely tied together.
And honestly, I think this setup will stick around for a while as no country has fully committed to making Bitcoin a legal currency just yet.
For now,this pattern will continue this way.Fait still does has a useful role to play in all forms.Off course there's a coexisting relationship between Bitcoin and Fiat which still can be unpredictable perhaps unchecked.
