Because it isn't backed by anything.
Answer: No fiat currency is backed by anything. Precious metal backing of currencies ended many years ago.
Because the dollar is backed by a powerful military and Bitcoin isn't
Answer: Backing referred to the convertability to gold and silver. A military isn't backing a currency and many of the 100+ fiat currencies don't have a powerful military behind them.
Because it is volatile
Answer: Both the Turkish Lira and the Argentine Peso are very unstable and volatile and they are still considered to be money. Both Turkey and Argentina are G20 nations.
Because it doesn't have an intrinsic value
Answer: No fiat currency has an intrinsic value.
Because it's just zeros and ones in a database
Answer: Most of fiat money is just an entry in a database.
Because it is created out of nothing
Answer: Fiat currencies are created out of nothing.
Because no one uses it
Answer: Bitcoin is used by millions of people around the world a number of users higher than many fiat currencies.
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