Fiat value remains as it is because they are still commonly used on every countries all over the globe and it will not be disregarded to it's value. In my opinion, bitcoin perhaps will not replace fiat for now, but it will be an additional currency to us crypto enthusiast. I earned bitcoin or any crypto currencies online but i still convert it to our monetary bills so that i can use it for buy necessities because our country is still not fully adopting crypto transactions on all common stores and merchandises.
Wrong!! because Fiat value degraded each time the economy of each country falls down and that happens to US now,because months ago the
conversion of USD to our local currency is far higher comparing to what is the value these past weeks
and this means the value is lowering since they are into bad economic status now.
Look how much the conversion now from compared to last year when USD is Valuing higher than today?
actually this same reason that's why i am preventing to convert my crypto to fiat now
(though i don't need the money for now)