Having the backing of the government means it’s legal tender, which is a big deal. Try paying your mortgage with bitcoin. No matter what kind of inflation we have your mortgage company must by law accept USD. They cannot one day say now you have to pay in silver, Euros or bitcoin.
Yeah so it is mandatory that I use a currency that is devalued daily by the US government by them constantly creating more debt which in turn creates more dollars out of thin air and you think that is a good thing. Hahahaha