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

[matete]

Fiat will never be worthless even if the price of bitcoin skyrockets to $10,000. Money fiat will be very important because it is used as a base currency for the bitcoin. As times change, the worth of currency also changes.Therefore, bitcoin will never affect it's worth.

[Vaskiy]

Fiat will never be worthless even if the price of bitcoin skyrockets to $10,000. Money fiat will be very important because it is used as a base currency for the bitcoin. As times change, the worth of currency also changes.Therefore, bitcoin will never affect it's worth.

Bitcoin depends upon fiat for many reasons, but fiat is independent of bitcoin, so we can conclude that the price of bitcoin whether rise or fall never affect fiat and it can't make fiat worthless.

[chaosknight]

Fiat will never be worthless even if the price of bitcoin skyrockets to $10,000. Money fiat will be very important because it is used as a base currency for the bitcoin. As times change, the worth of currency also changes.Therefore, bitcoin will never affect it's worth.

Bitcoin depends upon fiat for many reasons, but fiat is independent of bitcoin, so we can conclude that the price of bitcoin whether rise or fall never affect fiat and it can't make fiat worthless.

Yes and I think we will be always dependent on fiat unless we don't find many shops to spend bitcoin directly and we always need to convert it to fiat and spend it.

[lister storm]

Fiat will never be worthless even if the price of bitcoin skyrockets to $10,000. Money fiat will be very important because it is used as a base currency for the bitcoin. As times change, the worth of currency also changes.Therefore, bitcoin will never affect it's worth.

Bitcoin depends upon fiat for many reasons, but fiat is independent of bitcoin, so we can conclude that the price of bitcoin whether rise or fall never affect fiat and it can't make fiat worthless.

Yes and I think we will be always dependent on fiat unless we don't find many shops to spend bitcoin directly and we always need to convert it to fiat and spend it.

we wont be always dependent on fiat for sure because in the future i think that bitcoin will have potential to replace fiat for sure and it will allow people to shop with bitcoins in the future for sure

fiat wouldnt be worthless if bitcoin grew to 10 thousand dollars only but if it goes to at least 100 thousand dollars each the the price of fiat might start falling at a very fast rate

[torrentheaven]

Fiat will never be worthless even if the price of bitcoin skyrockets to $10,000. Money fiat will be very important because it is used as a base currency for the bitcoin. As times change, the worth of currency also changes.Therefore, bitcoin will never affect it's worth.

Bitcoin depends upon fiat for many reasons, but fiat is independent of bitcoin, so we can conclude that the price of bitcoin whether rise or fall never affect fiat and it can't make fiat worthless.

You are living in a dream why no one wants to accept the reality? Its struggling to reach $500 since long time and you are expecting $10k value in future, believe in facts and figures, stop day dreaming.

Yes and I think we will be always dependent on fiat unless we don't find many shops to spend bitcoin directly and we always need to convert it to fiat and spend it.

we wont be always dependent on fiat for sure because in the future i think that bitcoin will have potential to replace fiat for sure and it will allow people to shop with bitcoins in the future for sure

fiat wouldnt be worthless if bitcoin grew to 10 thousand dollars only but if it goes to at least 100 thousand dollars each the the price of fiat might start falling at a very fast rate

[dollarneed]

the possibility for fiat to be worthless is high sooner or later it will be worthless but it couldn't be collapse , but the most important is we've got crypto that has intrinsic value, government has ultimate control and regulation to make their fiat still alive, look at the zimbabwean dollars, zimbabwean dollar was so worthless, but people still use it no matter it's hyperinflation

[Yakamoto]

the possibility for fiat to be worthless is high sooner or later it will be worthless but it couldn't be collapse , but the most important is we've got crypto that has intrinsic value, government has ultimate control and regulation to make their fiat still alive, look at the zimbabwean dollars, zimbabwean dollar was so worthless, but people still use it no matter it's hyperinflation

It might never be worthless in the way we think of it, it might just be like, as you said, a form of hyper inflation and there will just be large denominations with less overall purchasing power.

[davinchi]

fiat worhtless?its never happen,even bitcoin reach $10,000 and its not make fiat worthless,he only way to make fiat worhtless s worl war and maybe doomsday.

It doesn't matter what value Bitcoin is at. Fiat will always be the main currency for people to use. That will most likely never change. Bitcoin is only an alternative, and that's it.

Fiat has a lot of trust among people and this trust that will keep Fiat alive for a long time. But, for the younger generation digital currency has always a charm and they will be the one adopting to this quickly. This will definitely will make dollars in peril.

[nostal02]

fiat worhtless?its never happen,even bitcoin reach $10,000 and its not make fiat worthless,he only way to make fiat worhtless s worl war and maybe doomsday.

It doesn't matter what value Bitcoin is at. Fiat will always be the main currency for people to use. That will most likely never change. Bitcoin is only an alternative, and that's it.

Fiat has a lot of trust among people and this trust that will keep Fiat alive for a long time. But, for the younger generation digital currency has always a charm and they will be the one adopting to this quickly. This will definitely will make dollars in peril.

Well as you say that fiat has been trusted by many people and will still be trusted by people,dollar is also trusted by people around the world so there will be now peril in dollar,bitcoin still have low amount of users worldwide.

[Bettwarm]

The fiat and the bitcoin will coexist for long time. Even if the bitcoin is $1 million, there will be plenty of fiat around.

[ashiba]

no matter how much btc price go up .. Fiat will be remain as main currency.

[richardsNY]

no matter how much btc price go up .. Fiat will be remain as main currency.

That's correct. I wish more people will understand this, but looking through the comments some people still believe Bitcoin can replace fiat money. They need to wake up.

[popovicbit]

If fiat or paper money was pegged to the value of btc or another crypto currencies does it cease being fiat?

[mirana12345]

no matter how much btc price go up .. Fiat will be remain as main currency.

That's correct. I wish more people will understand this, but looking through the comments some people still believe Bitcoin can replace fiat money. They need to wake up.

Noone is saying that it will replace all fiat money, but that it could replace it for those that choose not to use it . e.g. when you start having the option to buy everything
you need with bitcoins. I don't see why this comes as a surprise to you, especially when bitcoin is pretty easy to integrate into services/stores/etc.

[Boosterious]

people talk about $1,000,000 bitcoin price,and some of them believe it will happen,but nothing talk about worthless of fiat when its happen,so they dont think fiat will be worthless

[KennyR]

Bitcoin depends upon fiat upto an extent. But when it comes to fiat, it doesn't depend upon bitcoin. So no matter what the price of bitcoin, it never makes fiat worthless.

[betohell]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

[Scream]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

[chaser15]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

It has. The exchange rate between fiat to virtual money has a factor to change the momentum of inflation.

If we will look into economic term, if bitcoin will reach $10,000 it will affect the current number of reserve fiats.

[agustina2]

Bitcoin is depending on fiat but fiat is not depend on bitcoin so fiat will not be worthless with any bitcoin price i guess.

totally agree with you. view current bitcoin prices rocketed to $ 1,200. but bitcoin does not give much of an effect on the dollar or fiat. This may be the same if bitcoin reach $ 10k

yes bitcoin will not bring any impact on fiat, because bitcoin only virtual money. not under the government or as a legal currency. even if it reaches $100k

That is the only reason you see why you stated that bitcoin will not bring any impact to fiat even it will reached at $100k price? Imagine if all people holding BTC1 will exchange it to $100k price. And how much more for those people that holds a lot of btc? Got my point?