<p>Fiat money is money that derives its value from government regulation or law. The term fiat currency is used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be").</p>

CC BY-SA 3.0
2013-01-26T21:59:50.970Z
So bitcoin would be fiat money because it derives his value from his own rules?
Gopoi
CC BY-SA 3.0
2013-06-30T00:46:17.167Z
@Gopoi, yes. Bitcoins are fiat money.
Devyn Collier Johnson
CC BY-SA 3.0
2016-05-11T19:48:51.120Z
@Gopoi No. Fiat money is money that receives its value through the decree of an authority. No authority decrees the rules or value of Bitcoin.
David Schwartz
CC BY-SA 3.0
2017-04-20T19:06:59.753Z
N-O.  Just like @David says, fiat is a decree.  Bitcoin is floating based on supply and demand.  It only becomes fiat when you exchange it for USD or Euro or CAD or any of the other fiat money systems.  Until then, it is a possession, like gold.
SDsolar
CC BY-SA 3.0
2013-01-26T21:52:42.593Z
2013-01-26T21:52:42.593Z
Harley Schwartz
<p>I often encounter articles where we talk about bitcoin being a fiat currency. What is a fiat money and what is it that bitcoin as to be considered a fiat money.</p>

<currencies>
Is Bitcoin a fiat currency?
Gopoi
# Is Bitcoin a fiat currency?

(Asked by: username_0 on 2013-01-26)

I often encounter articles where we talk about bitcoin being a fiat currency. What is a fiat money and what is it that bitcoin as to be considered a fiat money.

**Tags:** currencies


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## 1 answers

### Answer by username_1 on 2013-01-26. Score: 5 | Accepted answer

Fiat money is money that derives its value from government regulation or law. The term fiat currency is used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be").

> **Comments:**
> **username_0**: So bitcoin would be fiat money because it derives his value from his own rules?  
> **username_2**: @username_0, yes. Bitcoins are fiat money.  
> **username_3**: @username_0 No. Fiat money is money that receives its value through the decree of an authority. No authority decrees the rules or value of Bitcoin.  
> **username_4**: N-O.  Just like @David says, fiat is a decree.  Bitcoin is floating based on supply and demand.  It only becomes fiat when you exchange it for USD or Euro or CAD or any of the other fiat money systems.  Until then, it is a possession, like gold.  

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