Imo, cryptocurrencies wouldn't exist without fiat currencies. If we were still on the gold standard there would be no market for bitcoin/cryptocurrencies. There is now at least 100 ounces of paper gold to every ounce of physical gold, as well as, unlimited fiat via central bank manipulation. If we were still on the gold standard, each ounce of gold would be @ $132,000 right now. Bitcoin/cryptocurrencies are the closest thing we have now to a gold standard & a free market at this point in time.
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