Yes indeed. The value of any currency is only as good as the faith the users have in its ability to be traded for other goods/services. It's the basis for most all modern currently standards since we are no longer based on the gold standard. Faith is a major component....interestingly enough :)
You are viewing a single comment's thread from:
Exactly! And that was the point where my way of thinking about it has changed. At least it doesn’t matter if you take gold, any fiat, cryptos or even tulip onions as long as people believe in its value.
It's all a faith based system isn't it?