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

[harizen]

Imagine now all people will hold BTC100 and the exchange will be BTC1 = $10,000

You obviously forget that all people simply can't hold 100 bitcoins since there are only 21 million bitcoins and over 7 billion people out there, which amounts to miserable 0.003 BTC per capita...

Sometimes you'd better constrain your imagination, lol

Oh come on you take it seriously?

For real? OMG!!

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[deisik]

Imagine now all people will hold BTC100 and the exchange will be BTC1 = $10,000

You obviously forget that all people simply can't hold 100 bitcoins since there are only 21 million bitcoins and over 7 billion people out there, which amounts to miserable 0.003 BTC per capita...

Sometimes you'd better constrain your imagination, lol

Oh come on you take it seriously?

For real? OMG!!

If wishes were horses, beggars might ride

[richardsNY]

No, i dont agree. the value of one bitcoin doesnt devalue fiat. if bitcoin was worth a million dollars each. it would work the same way as today but the amount of coins traded in every transaction would be much much smaller. we would trade in satoshis instead of bits.

Correct. Bitcoin whethers it has a low or high value, it will never be a threat to fiat money. People who think Bitcoin will in fact make fiat less popular or replace it completely are simply living in a dream. It will never happen.

[buyinbtc]

Fiat money will not be worthless because it is used to pay taxes and has gov support etc.

though if people will use it for buying stuff and paying taxes then bitcoin will be as usual money and there will be no need to have any fiat or any other ways of paying

i dont think that fiat would be worthless if the price grew to 10 thousand dollars per bitcoin but in my opinion bitcoin would be used way more often than it is used right now

[yolanda222]

impossible if the price up to 10 000, up to 2000 alone difficult 

[stromma44]

impossible if the price up to 10 000, up to 2000 alone difficult 

2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.

[AndySt]

impossible if the price up to 10 000, up to 2000 alone difficult 

2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.

Also think that the price is two thousand can be achieved quite quickly especially as the world economy shakes.

[goldcoinminer]

impossible if the price up to 10 000, up to 2000 alone difficult 

2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.

Also think that the price is two thousand can be achieved quite quickly especially as the world economy shakes.

What's matters most is that this price movement and achievement will not be only temporary, to be honest I did not see it coming. In my analysis, this maybe due to the income halving effect and the continuous demand of bitcoins in the gambling industry.

[yolanda222]

impossible if the price up to 10 000, up to 2000 alone difficult 

2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.

yes, up to the 2k course could wait until 3 to 5 years

[Finestream]

impossible if the price up to 10 000, up to 2000 alone difficult 

2k is not the big deal for bitcoin, it can be easily achieved in next couple of year,s but if we want to see the price of 10k then we really need to hold our coins for a long time.

yes, up to the 2k course could wait until 3 to 5 years

Let us stay realistic here, your projection is so unrealistic in my opinion. Bitcoins is still at its early stage and anything can happen even in just an hour. Lucky we are if the price will hit its peak at $1,000 for the next few years, bitcoins has been use globally so with that the demand has been increasing but we are still less than 5% in terms of total users against the total population of the world.

[yolanda222]

I think there may be a price of 10000 it takes 5 years

[goldcoinminer]

I think there may be a price of 10000 it takes 5 years

In 5 years time you are talking is still a short time to turn the current price to that high, that is unrealistic on my opinion as it does not fit with the trend now, let's just hope it will increase in the next five years but not that big amount. However, if that amount will hit, fiat will still not be worthless.

[Pab]

First btc has to be that price,second true is that fiat is worthless already,negative interest rates,debt,currency wars .It is going nowhere,practically debt is money now,debt not possible to repay

[Dud3]

No, it isn't going to be worthless, but how will the price manage to go up so high? It isn't going to be soon (maybe not at all).

[panju1]

No, it isn't going to be worthless, but how will the price manage to go up so high? It isn't going to be soon (maybe not at all).

It is all in the mind.
When Bitcoin was $1, nobody thought it could get to $1000.
But it did get there, eventually.

[rio3233]

I think there may be a price of 10000 it takes 5 years

In 5 years time you are talking is still a short time to turn the current price to that high, that is unrealistic on my opinion as it does not fit with the trend now, let's just hope it will increase in the next five years but not that big amount. However, if that amount will hit, fiat will still not be worthless.

Yeah it's too short to predict the bitcoin's price. I'm not sure the price of bitcoin can reach $10.000 prr bitcoin on that year.

[goldcoinminer]

I think there may be a price of 10000 it takes 5 years

In 5 years time you are talking is still a short time to turn the current price to that high, that is unrealistic on my opinion as it does not fit with the trend now, let's just hope it will increase in the next five years but not that big amount. However, if that amount will hit, fiat will still not be worthless.

Yeah it's too short to predict the bitcoin's price. I'm not sure the price of bitcoin can reach $10.000 prr bitcoin on that year.

If the price will reach that level, I would presume that there are already a massive adoption that is happening but still the FIAT will not become worthless as base of the total population of the world majority cannot adopt in bitcoins.

[ning_chang]

Bitcoin will never hit that kind of price. Even in the future it wont even hit 10,000$ Even how.many halving comes. But if the price of bitcoin is 10,000$ the fiat is worthless

[lixer]

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

Actually its tough to reach 10k price first of all, because 1k was reached and a lot of hyped was there.
Even if it gets there ( I hope so ) then I think its difficult to replace or vanish fiat, because its what users's basic currency.

[Vaccomundus]

Bitcoin will never hit that kind of price. Even in the future it wont even hit 10,000$ Even how.many halving comes. But if the price of bitcoin is 10,000$ the fiat is worthless

bitcoin was already at $1200, now $600 again it can hit $10k i the future,$ 10k is not that high