fiat

Bitcoin is the gold standard of crypto

When we look at Bitcoin, we see a resource with a limited supply which cannot be obtained by any other means than mining it. Very similar to gold. In our history gold was first used as a direct means of payment - as ‘currency’. Together with gold there was silver which had similar properties but which was a bit less rare to find. After some time in which coins were made out of silver and gold there came the time of paper money.