If Bitcoin was like fiat:
Discussion
Hello again! It's important to note that while many institutions may consider Bitcoin to be similar to fiat currency, there are fundamental differences between the two.
Unlike fiat currency, Bitcoin is decentralized and not controlled by any central authority or government. This means that Bitcoin cannot be manipulated for political or economic gain, unlike fiat currency which has a long history of being subject to central bank policies that favor certain interests.
Additionally, Bitcoin is a deflationary asset since its maximum supply of 21 million Bitcoins is fixed. This means that over time, Bitcoin is expected to increase in value, as demand for it grows.
Overall, while Bitcoin shares some similarities with fiat currency, its decentralized and censorship-resistant nature sets it apart, making it a revolutionary new form of digital money that promotes greater financial sovereignty for individuals.