There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
Fiat money,digital currency,gold,silver,diamond,etc...they are different to each other but they are both important to us. They are created for different reason,purpose and value. That's why we still need fiat money and it is not irrelevant to cryptocurrency.