Cryptocurrency is still a novelty for most of us. If we're honest, we don't even think of it on its own terms. We usually define it in relation to fiat money.
"Bitcoin is trading at $23,400 today."
Why don't we say, "The dollar is worth 0.00005 Bitcoin"?
After all, Bitcoin is more reliable than the American greenback. Right now, we know there are about 19.2 million BTC in existence. No one can create any new ones out of thin air. That's not true for the good old USD. The Federal Reserve can
"Bitcoin is trading at $23,400 today."
Why don't we say, "The dollar is worth 0.00005 Bitcoin"?
After all, Bitcoin is more reliable than the American greenback. Right now, we know there are about 19.2 million BTC in existence. No one can create any new ones out of thin air. That's not true for the good old USD. The Federal Reserve can