The bottom line is that all crypto is fiat with gimmicks at the end of the day. The only value it has is the perceived value. While with the USD you have a government body proclaiming it’s value, along with a vast network of businesses willing to honor its value with goods and services, with crypto you have a patchwork of individuals - mostly crypto hoarders - proclaiming it’s value, with very few legitimate businesses actually accepting the currency.
If you have the spoons, you should watch this full breakdown. It covers both crypto and NFTs in-depth.
The bottom line is that all crypto is fiat with gimmicks at the end of the day. The only value it has is the perceived value. While with the USD you have a government body proclaiming it’s value, along with a vast network of businesses willing to honor its value with goods and services, with crypto you have a patchwork of individuals - mostly crypto hoarders - proclaiming it’s value, with very few legitimate businesses actually accepting the currency.
If you have the spoons, you should watch this full breakdown. It covers both crypto and NFTs in-depth.