#Breaking: #Bitcoin at 16. How Bitcoin Challenges Fiat’s Fragile Foundations

During its early years the Bitcoin network was once laughed at and frowned upon

and today, it has become a financial heavyweight in the world.

One reason for this is due to the decay of fiat currencies.

Fiat currency is a medium of exchange that derives its value not from an intrinsic,

cryptographic, energy or commodity-based foundation, but solely from the authority

and decree of a governing body, typically a central government or central bank.

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