The fiat does not necessarily have to come from government, in this case it is the Bitcoin foundation decreeing it a currency. The fact that the price rose (and let's face it, not that much) shortly after I made this thread should be a red flag to anyone, as it is the sign of computer programs snaking the market and pump and dumping.
Anyone investing in Bitcoins besides very short term speculation has already lost money well before I made this thread. The United States is $20 trillion in debt. The largest debt in the entirety of human history, entrenched in never-ending wars, with an economic collapse virtually inevitable and in the near future.
Once the dollar run happens and the power grid goes out, Bitcoins will have lost any and all "value". They already have very little value besides trading into another fiat currency like the USD (which will also have no intrinsic apocalyptic use after the collapse). You literally cannot do anything besides donate (read: lose) to people/companies or buy anything besides drugs with Bitcoins. This is its only use, which you may argue is a solid investment in the future, but I would argue only in trade for beans and bullets.
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