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

[praprata]

i don't think so. fiat is fiat and bitcoin is bitcoin. bitcoin won't replace fiat either but bitcoin do have a great future, still fiat is there and still usable

Yeah those are quite seperate things and not exchangeable.
Perhaps bitcoin can challenge the usage of fiat but in no way is it a direct competitor.

[DeDordtenaar]

Nothing can make fiat dissapear.
Not bitcoin, not creditcard or even the banks.
People need fiat because many shops make it convenient to pay with fiat.

if the bitcoin users has exceeded 50% of the total world population. certainly a lot of people do not need fiat. to shop

[Pattart]

i don't think so. fiat is fiat and bitcoin is bitcoin. bitcoin won't replace fiat either but bitcoin do have a great future, still fiat is there and still usable

Yeah agree with you.
bitcoin can use to payment option, they stand together, mutual benefit, it is better

[Invulner]

Fiat will obviously still have some value, it's not really worthless.

But by then the world economy will be going through hyper-inflation.

[ctlaltdefeat]

Fiat will obviously still have some value, it's not really worthless.

But by then the world economy will be going through hyper-inflation.

bitcoin will never make fiat money, it's too naive if we say fiat will be worthless.
people will still need fiat money print, not digital money like bitcoin. the problem when bitcoin hit $10,000, bitcoin price would remain go up? even there is a lot of holder have sold their bitcoin? and it even could make bitcoin worthless in the end?

[Cryptock]

I can't even imagine a world with 1 btc - $10,000

[Hugroll]

lol the value of bitcoin doesnt make fiat worthless. the functionality at some point might. but the value changing just changes the denominations of bitcoin that would be regularly traded.

[Amph]

I can't even imagine a world with 1 btc - $10,000

only 20 more than what it is now, it's not like we did not see an increase of 25x in the past(2011-2012)

lol the value of bitcoin doesnt make fiat worthless. the functionality at some point might. but the value changing just changes the denominations of bitcoin that would be regularly traded.

well it depend, if bitcoin will grow really big many fiat currency will be worthless indeed, but not at 10k per coin,  you need 1M per coin, for this

[Bettwarm]

I can't even imagine a world with 1 btc - $10,000

only 20 more than what it is now, it's not like we did not see an increase of 25x in the past(2011-2012)

If the price double every two years, we just need 9 years to see the price of $10,000. I think we will see it before 2025.

[xuan87]

no i dont think so, fiat will always be worthful, bitcoin is just a sub currency not a main currency, so whatever bitcoin price become it will not affect the fiat, its only going to effect the person who own bitcoin

[Newmba]

to who? fiat money is still best money, Bitcoin enthusiasts need to be realist when it comes to the future of the currency (rather than the technology), you can't replace any fiat money with Bitcoin as of now

[chaser15]

to who? fiat money is still best money, Bitcoin enthusiasts need to be realist when it comes to the future of the currency (rather than the technology), you can't replace any fiat money with Bitcoin as of now

You got the point there. Many here just bitcoin they are earnings bitcoins think that this is enough to replace the powerful fiat.

Without fiat, bitcoin is nothing.

[nickenburg]

I see a lot of people saying here fiat will never be gone.

And that is what I hear from people around me in real life to, but why is that I think?

Why do you think it will always exist, I think there will always be a way like this.

But it can also be in a different/better format like bitcoin.

You all know the economy is not doing well at all, and people are even saying the next recession is going to come.

There is going to be a day when fiat really becomes worthless, think about it.

[Amph]

I can't even imagine a world with 1 btc - $10,000

only 20 more than what it is now, it's not like we did not see an increase of 25x in the past(2011-2012)

If the price double every two years, we just need 9 years to see the price of $10,000. I think we will see it before 2025.

we can see it as unstable value much early than 2025, and as a stable value probably with the next halving already(2020)

[doctor877]

to who? fiat money is still best money, Bitcoin enthusiasts need to be realist when it comes to the future of the currency (rather than the technology), you can't replace any fiat money with Bitcoin as of now

You got the point there. Many here just bitcoin they are earnings bitcoins think that this is enough to replace the powerful fiat.

Without fiat, bitcoin is nothing.

Yeah, fiat would keep ruling the world even in future, bitcoin will be more powerful and popular in future, but it cannot replace fiat, as majority of population believes in using fiat.

[techgeek]

What most are forgetting are the difference between a weak fiat and strong one.

The weak one can easily be seen like zimbawabe money and unravel on its own trying to print more #`s on the damn paper.

The stronger fiat will stay in the # on its paper not following that route because its used globally which makes it harder to fail.

[DeDordtenaar]

I can't even imagine a world with 1 btc - $10,000

yeah lol agree. how the state of other currencies. other than the dolar?

1 btc = 1.000.000.000.0000 dolar zimbabwe

[relq]

I think the price of bitcoin will not affect the fiat. Fiat will stay the way they are. and if the price of bitcoin reach $10.000 i think many people will start using bitcoin.

[TastyChillySauce00]

it will not giving affect to fiat because mostly of bitcoiners do exchange their bitcoins to fiat,so,at the end bitcoin is just like a good or stuff which have its price/value in fiat

[Mr. Big]

it will not giving affect to fiat because mostly of bitcoiners do exchange their bitcoins to fiat,so,at the end bitcoin is just like a good or stuff which have its price/value in fiat

That is true, we have to admit it that there is only few stores that accept bitcoin and we really have to exchange it to fiat, and its really more like a commodity..