Fiat money
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value. It was introduced as an alternative to commodity money and representative money. Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity).
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Governments currently adamantly deny bitcoin is money. They have deemed it a commodity with intrinsic value. Check with the IRS please. It can be held in an IRA just like gold.
Last time I checked, Australia and Japan declared Bitcoin a transactional currency about a year ago.
Latin fiat ("let it become", "it will become") used in the sense of an order or decree.