Why fiat money will never go away despite the crazy hype on Bitcoin

BTC, ETH, and many other cryptocurrencies have seen massive spikes in their valuation over the last few months. It's no surprise that many people became instant millionaires.

credits: Quora

However, the values of cryptocurrencies are based on their exchange into fiat money. Unless everybody starts using to purchase goods and services, it's quite unlike that we'll see fiat money completely disappear. The cryptocurrencies space is just at its nascent stage and there are more developments in the blockchain technology which will push its adoption mainstream.

credits: MarketWatch

Everyone hold onto your cryptocurrencies and get ready for the ride of the lifetime!

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