The dollar, like any fiat currency, is also propped up by political and military power, as well as powerful central banks and gold assets. The paper itself is o

The dollar, like any fiat currency, is also propped up by political and military power, as well as powerful central banks and gold assets. The paper itself is obviously worthless but what it represents is the currency of a unipolar superpower world backed up by $500 billion in military spending. Bitcoin has none of that. There's no bailout. There's no economic experts to come in and revise things. There's no political will to exert. Its decentralization is its greatest strength but also its greatest weakness. This is by design of course. But the argument that it's "just faith" propping up the dollar is fallacious. Apples and oranges.