Is Fiat completely irrelevant to cryptocurrency?

[rizqillah]

Fiat still holds its position in our society as it is strongly backed by the governments. Even with cryptocurrency, the final stage of withdrawal is through Fiat after trading our numerous cryptocurrencies on the market. Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.

Yes It is true. Fiat still holds its position in our society as it is strongly backed by the governments. But I believe at the coming future crypto currency will be dominate.

[IyemRoker]

Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.

This is indeed true, because the government is also afraid that something like that will happen in my country.

so Cryptocurrency is a progress of the times and the government is not ready to accept it (in my country I live)

[Garuda]

Yes, fiat is not related to crypto currency. They are different so if bitcoin is dumped, this will not affect fiat money. Fiat is a currency that can be controlled by the government. That's why the fiat value is stable. While this digital currency is decentralized so its value is volatile.