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

[tabas]

I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.

I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.

[mindrust]

Bitcoin won't replace fiat money as long as people measure its worth by USD.

Even you do that by creating this topic. "If bitcoin price is $10.000, will fiat be worthless?" USD is the main currency and will stay like that. They won't let it go. Or else WWIII will start.

If btc ever reaplaces bitcoin. People will ask this: "If USD price is BTCxxx, will btc be worthless?"

[1Referee]

I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.

I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.

If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.

[Oralmat]

I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.

May be the day will come when people will refer to bitcoins and other coins but it doesn't mean that fiat currency will be finished. it will be less use just like people refer to use the create cards or dabet cards instead of use the fiat currency. because it is more easy than fiat currencies. but the other side, online currencies will never worthless to fiat currencies. both are necessary and we feel easy because we use the both currencies.

[tabas]

I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.

I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.

If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.

Yes it will be threat to the government if bitcoin will keeps on growing and growing. And if that happens and the government doesn't have any choice they will adopt it and yes needs to create a law about it.

[justspare]

If Bitcoin reached $10.000, which is $10, it would be worthless. Fiat wouldn't be worthless, but Bitcoin would. If Bitcoin was $10,000, then fiat would probably still be worth something.

[harizen]

I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.

I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.

If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.

Yes it will be threat to the government if bitcoin will keeps on growing and growing. And if that happens and the government doesn't have any choice they will adopt it and yes needs to create a law about it.

I don't see any factors that bitcoin would become a threat. They will just simply adopt it and no reason to tagged it as a "threat". The worse part here is when the time the world goverment accepts bitcoin and all of you wants that without thinking what will be the output. Because bitcoin now are truly accepted, tax and all legal terms that all currency is under will now be applied to bitcoin too.

[Shibashi Dogemoto]

I think that is not possible, fiat will always be used by majority of people in future too, no doubt will also use bitcoin once it gets popular but fiat cannot simply disappear.

I agree with you, fiat will still be worth and everything will be used with fiat. I don't people will easily adopt bitcoin it's not about the price, even bitcoin will rise to $1,000,000.00 what if the countries will not adopt it, still we are few that will benefit from it.

If the price is rising to serious high price levels then governments are more likely to fight against Bitcoin by creating new laws and policies that will prevent banks and other financial services to allow people to do Bitcoin related transactions. All this because governments see Bitcoin already somewhat as a threat. It will only get worse if Bitcoin keeps growing and growing.

Yes it will be threat to the government if bitcoin will keeps on growing and growing. And if that happens and the government doesn't have any choice they will adopt it and yes needs to create a law about it.

I don't see any factors that bitcoin would become a threat. They will just simply adopt it and no reason to tagged it as a "threat". The worse part here is when the time the world goverment accepts bitcoin and all of you wants that without thinking what will be the output. Because bitcoin now are truly accepted, tax and all legal terms that all currency is under will now be applied to bitcoin too.

May be it will be possible in future but I don't think it will happen soon, as still Governments of many countries have not shown any interest in bitcoin.

[saladin7000]

No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that

[jamesl22]

No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that

$1m coin is never possible to achieve in future and even if it reaches there people will prefer to convert it to fiat, so basically fiat will always exist.

[elyas772]

I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.

regardless of the price of bitcoin, fiat will remain worthy and fiat will not be replaced. because you yourself will definitely need fiat

Yeah we need fiat for sure as there are many places where only fiat can help us, and there will be many users who will feel comfortable in using fiat currency.

especially fiat very free to make payments anywhere, unlike bitcoin, is limited to transactions as payment.

[quintiilieo]

If bitcoin price is $10.000 the price of bitcoin is down but you seems you wrong type i think your question will be " If bitcoin price is $10,000, will fiat be worthless?" I think thats your question. If that your question my answer is. Fiat is not worthless even if the price of bitcoin is at $10,000. Because if the bitcoin is at that price we convert it to fiat so fiat is the main money of our country. So if that is the main money i think that is not worthless even if the price is high.

[Lokfar]

I think that will happen, fiat will become useless that time. But I think it will be 10 years from now, people will go fully digital as they will already understand how valuable using a bitcoins. All their finances will be properly monitored with the help of the blockchain and that time will come that transactions will be very fast, easy, and cheap. More transactions will happen and our economy will progress.

regardless of the price of bitcoin, fiat will remain worthy and fiat will not be replaced. because you yourself will definitely need fiat

Yeah we need fiat for sure as there are many places where only fiat can help us, and there will be many users who will feel comfortable in using fiat currency.

The chance is really low that it can reach that high value and that is because it was stable for a long time and if it is rising than it will takes a long time until it will be more worth.
So if it is rising than it will takes a long time until it will reach that high value.

[ronaldo40]

Fiat would be worthless when Bitcoin price is worth at least a million. This would mean that inflation is getting out of control.
Fiat will still be around in decades. a success for Bitcoin in terms of value in fiat doesn’t have to be connected with losing value of fiat.

[Finestream]

Fiat would be worthless when Bitcoin price is worth at least a million. This would mean that inflation is getting out of control.
Fiat will still be around in decades. a success for Bitcoin in terms of value in fiat doesn’t have to be connected with losing value of fiat.

I don't think FIAT will be worthless, we don't know if it happens either, FIAT has been in existence for a long time and we cannot just replace that on a digital currency that only a minority of the world can use. Bitcoin will still take a lot of time to educate the people on how to use it.

We should remember that every country has different standards and there are countries that are less developed or even undeveloped who even haven't heard of bitcoins. They would still prefer using FIAT as it is simple and can be seen physically.

[extrabyte]

No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that

Even I don't think fiat will become worth less ever. no matter if bitcoin price will reach 1million $ also. (which is almost impossible) fiat will not be worthless. because local currency have its own value.. I know some countries where local currency have not any value against Dollar. like Afganistan and Iran.. so any other currency won't affect another currency.

[ASHLIUSZ]

No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that

Even I don't think fiat will become worth less ever. no matter if bitcoin price will reach 1million $ also. (which is almost impossible) fiat will not be worthless. because local currency have its own value.. I know some countries where local currency have not any value against Dollar. like Afganistan and Iran.. so any other currency won't affect another currency.

Bitcoin value is still up over 200% in USD value from this time last year. That Bitcoin value has not only survived on a global basis for more than five years, but thrived, and attracted some of the largest merchants worldwide.

[voztata]

No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that

Even I don't think fiat will become worth less ever. no matter if bitcoin price will reach 1million $ also. (which is almost impossible) fiat will not be worthless. because local currency have its own value.. I know some countries where local currency have not any value against Dollar. like Afganistan and Iran.. so any other currency won't affect another currency.

I guess your speculation is not practical. Because, when bitcoin has higher value by more popular, people will start moving towards bitcoin by leaving using fiats. This what happened for currency notes already with Internet banking and credit cards.

[tampazeus]

No it wouldnt happen if 1BTC=$10.000 maybe you mean $10k it still small for affect to fiat value, maybe if it was $1M then I think it will be a different story but I dont think btc will reach that

Even I don't think fiat will become worth less ever. no matter if bitcoin price will reach 1million $ also. (which is almost impossible) fiat will not be worthless. because local currency have its own value.. I know some countries where local currency have not any value against Dollar. like Afganistan and Iran.. so any other currency won't affect another currency.

I guess your speculation is not practical. Because, when bitcoin has higher value by more popular, people will start moving towards bitcoin by leaving using fiats. This what happened for currency notes already with Internet banking and credit cards.

If bitcoin achieves higher price in future then people will surely attract towards it and they will use fiat currency less, but the fact is fiat will simply not disappear.

[rio3233]

I think bitcoin's price will not affect the fiat. Even if the price of bitcoin is $100.000, the fiat will be good and no affect on it, but i hope bitcoin's price is $10.000 lol.