If bitcoin price is $10.000, will fiat be worthless?

[btvlGainer]

Guess 1BTC will cost minimum 2000$ after ETF this spring

I think that's too much for bitcoin. although the trend of price increases continue to occur. but I think $ 2,000 is a very high price and it will be hard going in recent years

Bitcoin is not very predictable, so I would not be surprised if the price after the event will be several times more. And maybe less.

[deppil]

Guess 1BTC will cost minimum 2000$ after ETF this spring

It's very unrealistic, How many the total of the money will flow to the bitcoin and i guess it's not more than a billion. and It will not push the price of bitcoin with instantly. I guess $1400 is more realistic speculation.

if the situation continues like this the upward trend persists and demand continues to rise I'm sure the price will reach at least $1300- $1400. but I would not believe the price will go to $ 2.000 because it was impossible

[JL421]

Guess 1BTC will cost minimum 2000$ after ETF this spring

I think that's too much for bitcoin. although the trend of price increases continue to occur. but I think $ 2,000 is a very high price and it will be hard going in recent years

Bitcoin is not very predictable, so I would not be surprised if the price after the event will be several times more. And maybe less.

I agree that bitcoin is actually unpredictable but don't you think 10000$ is actually a lot. We can expect a price like this in 2021 but thinking that bitcoin will hit 10000$ by this year , it sounds impossible to me.

[Harlot]

Of course not. You even said it in your statement "What if Bitcoin is worth 10000$" you just have based the value of Bitcoin to Fiat which means Fiat currency is still more important than Bitcoin. Without Fiat Bitcoin won't be ajything in the first place because Bitcoin won't have any value to based it on. Another example is Gold, it is worth more than any currency but still Fiat rules the money system because they are being use by everyone.

[Avametra]

I am sure that, regardless of the price of cryptocurrency Fiat will exist. And he will also be valuable to some people. Cryptocurrency and Fiat - is a completely different system, and they can not be compared

[bravehearth0319]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

I don't think fiat will become worthless even bitcoin reach 10,000$, it doesn't mean fiat all a sudden will collapse no its not going to be happen. It maybe ignore most of the time but still being used in other form of currency like Euro and etc. and I think fiat will always be connected into bitcoin.

[STT]

I am sure that, regardless of the price of cryptocurrency Fiat will exist. And he will also be valuable to some people. Cryptocurrency and Fiat - is a completely different system, and they can not be compared

Seems kinda ignoring the obvious use that both have which is to trade value between individuals.   To barter one good for another is a difficult trade, the use of fungible currency is utility that increases wealth of society.  Bitcoin does allow the description of a trade, which is what a worthless nickel coin also does.

They have that much common, neither has to be accepted.  The main difference is the overvalued nickel disc of metal is always accepted by government in payment of taxes.  They will redeem no other value but they will reduce your taxes at least.   
The bitcoin has no bottom line of backing like that but again its a reasonable token of value.   It lacks that second use perhaps, though bitcoin can used as a kind of ledger I think ?

Fiat can collapse but I dont think it has to happen because bitcoin rose.   They can default on debt and reestablish the currency as worth.  They could also exchange old fiat to new fiat at a bad rate, this is a way to maintain the system of value wiping debts also.  Russia did this in the late 90's   The modern rouble is 10,000 : 1 with the old rouble

[DoublerHunter]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

I don't think fiat will become worthless even bitcoin reach 10,000$, it doesn't mean fiat all a sudden will collapse no its not going to be happen. It maybe ignore most of the time but still being used in other form of currency like Euro and etc. and I think fiat will always be connected into bitcoin.

Yes fiat will always be connected into bitcoin and any other kind of currency because fiat is the main and primary currency that most of the people use. Even the price of bitcoin will reach $10,000 then it will not make the fiat worthless because i think it will not lasts for at least an hour and bitcoin will experience a sudden dump and we need to remember that without fiat then our bitcoin will not be turn into physical cash .

[dande1]

No. 10k bitcoin could happen very soon. The price of usd wouldn't change much in this scenario.

[mastermold]

I dont think bitcoin is here for replacing fiat. Fiat will always be in use because fiat currency are easy to use in day to day transactions and most importantly physical currency will hold its importance in future as well. Bitcoin has many alternate uses. It will grow as digital currency.

[NEWGOODOUBLE]

Guess 1BTC will cost minimum 2000$ after ETF this spring

I still doubt bitcoin prices will reach $ 2000 after ETF. I thought the price was too high for the near future. let alone total users not so much so I think it will take a long time to reach that price

[carlisle1]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

I don't think fiat will become worthless even bitcoin reach 10,000$, it doesn't mean fiat all a sudden will collapse no its not going to be happen. It maybe ignore most of the time but still being used in other form of currency like Euro and etc. and I think fiat will always be connected into bitcoin.

yes of course, I do think so that bitcoin will always be connected to bitcoin and they will exist together as bitcoin value will always be based into fiat value even thought it is already on that said price . and I don't think that the traditional system or fiat to be specific is not going to be worthless the only possible thing that may happen is that bitcoin will become more used than fiat .

[buharikx31]

I think in one situation shurely we can replace fiat money to bitcoin or any other currency it's only when we can fully use it everywhere for daily payments . To pay for every daily payments, then people would change or make it their own payment system. But always if depends of freedomness of country and rules of goverment

[duuuuude]

Fiat will never become worthless even if the price of bitcoin reaches the moon as if it touches that price then people will start selling their coins and convert it to fiat as even in future I don't think that bitcoin will be used and accepted everywhere and you will always need fiat for your spending.

[NEWGOODOUBLE]

Fiat will never become worthless even if the price of bitcoin reaches the moon as if it touches that price then people will start selling their coins and convert it to fiat as even in future I don't think that bitcoin will be used and accepted everywhere and you will always need fiat for your spending.

True because bitcoin and fiat can be said in a different place. all states establish major fiat currencies as so inevitably fiat will continue to exist despite sky-high price of bitcoin

[KennyR]

Fiat will never become worthless even if the price of bitcoin reaches the moon as if it touches that price then people will start selling their coins and convert it to fiat as even in future I don't think that bitcoin will be used and accepted everywhere and you will always need fiat for your spending.

True because bitcoin and fiat can be said in a different place. all states establish major fiat currencies as so inevitably fiat will continue to exist despite sky-high price of bitcoin

As quoted every country has got its established fiat currency than the listed digital currencies. This makes fiat to keep the economy of the country under its control than digital currencies over ruling it. Bitcoin reaching $10000 itself might be a problem to the digital network.

[btcjoin14]

In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

If Bitcoin gets up to around $10,000 then it would just be an expensive coin to purchase. Bitcoin wouldn't change the Currency system that much because there isn't that many people that are holding the coin for investing, they usually spend the money on online things. $10,000 a coin isn't that much money, $1,000,000,000 per coin would be interesting.
If each person within the world was trying to hold their coins then they might have a few extra cash laying around, that's about it.

[Kimpoiluiseta]

fiat money never be worthless or zero price
what ever digital curency very high price fiat money still much user
because in real life still need fiat money, not only crypto curency or digital curency

[NEWGOODOUBLE]

Fiat will never become worthless even if the price of bitcoin reaches the moon as if it touches that price then people will start selling their coins and convert it to fiat as even in future I don't think that bitcoin will be used and accepted everywhere and you will always need fiat for your spending.

True because bitcoin and fiat can be said in a different place. all states establish major fiat currencies as so inevitably fiat will continue to exist despite sky-high price of bitcoin

As quoted every country has got its established fiat currency than the listed digital currencies. This makes fiat to keep the economy of the country under its control than digital currencies over ruling it. Bitcoin reaching $10000 itself might be a problem to the digital network.

digital network maybe it would be a problem because only bitcoin which has a high price.
but it will have no effect on the rate or specific currency in a country

[pinkpanther03]

Already fiat is worthless .  No need to talk more about it ,

You don't know what your saying, Don't you know that for a several years fiat became useful in many countries in the entire world. And even bitcoin reach 1M$ Fiat will still be useful in different places of the country.