In a radio interview published on Sept. 10, Akon lambasted the perception that fiat currencies are any less vulnerable to this same critique, arguing that:
"Nothing backs the dollar. The U.S. doesn't have natural resources that back the dollar. What they do have is the military."
People give cryptocurrency value, not governments
Akon - who has twelve Billboard Top Ten Hits to his name, including the popular single "Smack That" - spoke out during the interview in favor of decentralization and trustless blockchain-based mechanisms that underpin the value of cryptocurrencies.