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Money derives much of its value from its government support, in that the government has the power to make it legal tender. That is, the government says not only that currency can be accepted, but it must be accepted. That political choice is what ensures that the currency has an actual utility, that is, it can be used widely for actual transactions. That’s what makes a currency useful. Bitcoin bulls are learning this the hard way.
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A Fed loving big govt pov of course. Might was well say the truth, govt forces their idea of money to be accepted. Govt doesn't have to support a currency...it should be a market that supports is with govt being a player in the same market.