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

[richardsNY]

From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)

I think it starts with less coins with the whales. They are using this coin for personal gain.
Not for supporting the bitcoin revolution.

Whales are called whale for a reason. They will always have enough coins and funds to manipulate the exchanges heavily. Especially when they work as group to rule a certain exchange with iron fist. I think the main problem to a dropping price will be the very early adopters. They have bought their coins at a very low rate and can sell at any time when the price for example goes over $10K. The higher the price is, the more likely these early adopters will dump a good portion of their coins. They will run out of coins, it only takes time.

[Betwrong]

From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)

Actually I think we have a brighter future ahead. The price of Bitcoin depends on the demand and the demand is much lower now than it should be because I think that less than 10% of those who would use Bitcoin aware of its existence.

[bitlancr]

There is no competition between bitcoin and fiat. Fiat is used for cash purchases and bitcoin for online purchases.
So there is no need to 'crush' fiat, since the purpose of it is different.

[jaysabi]

From a bigger perspective, the 10k is not that different from 1k when it comes to the price of BTC. It was near 1k for quite some time, and fiat was never close to being "worthless". Better question would be what will it take for btc to get to 10k per coin in the first place. Because right now, its really hard to imagine it happening any time soon (even with years and years to come)

I'm not sure what you're getting at here. From my perspective, the difference between a 10k price and 1k price for btc is literally a factor of 10. It's the difference between Bitcoin having a market cap of 15 billion dollars and 150 billion dollars. That is to say, it's a huge difference, especially since it's currently only 6 billion.

[ikydesu]

There is no competition between bitcoin and fiat. Fiat is used for cash purchases and bitcoin for online purchases.
So there is no need to 'crush' fiat, since the purpose of it is different.

Actually this is true. Bitcoin will crush if internet/network's dead, and fiat will crush if inflation.
And I think this is related to each other.

[virtualdn]

I don't think fiat will ever be worthless but bitcoin can reach $10,000 it's not science fiction... it just needs more time to grow.

[arbitrage]

bitcoin will never be able to suck all the fiat money, they can just print more without problem

also fiat is already worthless, but you're obligated to use it for the majority of things

if you mean collapsed, i don't think so

Problem here is because world was sold centuries ago..
Now those owners won't let you to takeover. Money will stay as their way of enslaving people.
 And if dollar collapse this is just because they let him go..

[greBit]

bitcoin will never be able to suck all the fiat money, they can just print more without problem

also fiat is already worthless, but you're obligated to use it for the majority of things

if you mean collapsed, i don't think so

Problem here is because world was sold centuries ago..
Now those owners won't let you to takeover. Money will stay as their way of enslaving people.
 And if dollar collapse this is just because they let him go..

yes i agree with you but you know fiat will never ever be worthless it might be replaced but bitcoin cannot replace fiat note but it can act as a alternate for fiat when more vendors starts accepting it

[Amph]

bitcoin will never be able to suck all the fiat money, they can just print more without problem

also fiat is already worthless, but you're obligated to use it for the majority of things

if you mean collapsed, i don't think so

Problem here is because world was sold centuries ago..
Now those owners won't let you to takeover. Money will stay as their way of enslaving people.
 And if dollar collapse this is just because they let him go..

people can decide what money they want to use, if they decide to use bitcoin, fiat will collapse for sure, government can not obligate the usage of money, but they can put deterrent to rpevent people from using other kind of money, by "banning it"

[Windpower]

If Bitcoin ever does go that high, then maybe fiat will be worthless, but I doubt it.

[jaysabi]

If Bitcoin ever does go that high, then maybe fiat will be worthless, but I doubt it.

Perhaps another way to look at the question is can Bitcoin get that high without fiat becoming worthless? There are a lot of people on these boards who think that Bitcoin can only succeed when fiat fails. I don't share that sentiment, but I wonder if that's what OP was getting at with his question.

[BruceLee007]

of course not, there will still be a lot of people who will use only fiat and nothing else, for fiat to be worthless a lot of time will have to pass, as bitcoin adoption is happening really slow at the moment

[Drekavac]

Fiat will not be worthless bitcoin will be most precious!

[BitMaxz]

Well even the price will rise above your dream fiat always worth it because fiat is our main money and physical money. Bitcoin will be second and its our ecurrency that we can use it as money online...

[MaritiJames3]

Well even the price will rise above your dream fiat always worth it because fiat is our main money and physical money. Bitcoin will be second and its our ecurrency that we can use it as money online...

Exactly my words. Fiat is needed same we need water and bread. It's fiat that makes the world great since you can use it to by anything at anytime.
Never rely on credit cards.

[Fidemoga]

Fiat will not be worthless bitcoin will be most precious!

Fiat will be there for long time. It can be worthless then a new fiat will replace it. Bitcoin price will always spiral upwards.

[DeDordtenaar]

I think if bitcoin price high value like it, we are in the digital era

[eeaweeaws]

Why should fiat be worthless at $10,000   This would mean a Bitcon market cap of 210 billion $. This is the half of Google's value, a third of Apple's value, around the same as Coca Cola's value, one third of Amazon's value and only 4 times more than Uber's value. Just a short list. So, $200 bln market cap or $10,000 per Bitcoin is not really much.

Fiat would be worthless when Bitcoin is worth at least a million. This would mean that inflation is getting out of control.

no dude, i don't agree because if you will be compare bitcoin to fiat as price then fiat will be worthless than bitcoin but fiat will be always fiat. fiat worth will be never worthless because every country are made different currencies for use national country.

[Dr.Osh]

I guess when the price of bitcoin 10k $, it will make bitcoin increasingly well known, and I think when it bitcoin already can be used in the form offline, and only businessmen and rich people who could have, and I think it's become something worthless to the lower ranks

[el-magnifico]

I don't think so, Even if BTC reaches $10,000 per BTC then it will just be a really high price commodity, I don't think it will replace fiat by increase in price but increase in use and world use of BTC in daily transactions.