Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...

Differentiating between fiat and cryptocurrency is crucial to comprehend the evolving landscape of finance and the inherent strengths and challenges each form of currency presents. Fiat money, ...

Bitcoin’s value without fiat would rely on real economic use, not exchange rates. Satoshis would function as the practical ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...