5 Advantages Bitcoin Has Over Fiat Currency

Fiat money has attributed value because it has no intrinsic value by a government declaring it legal tender, but Bitcoin has intrinsic value beyond its community’s trust. Check the following for more advantages.

1. Fiat Currency

Fiat currencies, such as gold, are usually partially backed up by an underlying asset. In addition, the value is determined by legislative procedures, including monetary policies, and the confidence shown by the government and citizens in the currency.