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

[roomfirst]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

[mastica]

If 10.000 US dollars are worth 1 Bitcoin, how exactly are they worthless?
This isn't a matter of opinion, it's a matter of common sense.

Thats a great point. How come fiat or dollars becomes useless where in fact the value of bitcoin is $10,000 dollars. It simply means that bitcoins value is based on dollar and that bitcoin is still backed up by dollar. If there will be no fiat currency or dollar currency then we are no longer going to mention dollars in the first place. Only if bitcoin becomes independent of fiat currency and becomes a legal tender thats the time that fiat currency will be worthless.

Bitcoin its based not backed by any currencie, we do have bitcoin against any currencie as well any crypto coin, sure the most used pair is usd/btc, but bitcoin is free there is nothing behind it, if bitcoin reach such ammount over the next years, the most people will try to exchange into fiat, soo doesnt matter how much value bitcoin may reach or have it will need fiat, since you cant spend yet bitcoin directly into the most places, if those changes one day, it might make fiat worthless.

[millgates]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

Okay I agree if bitcoin price is $10000 will not affect the fiat, because $10000 is still low. In my opinion bitcoin needs reach $10.000.000 to able to affect fiat, because amount of fiat is really much.

[streazight]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

It would not surprise me if the value of bitcoin exceeds the $ 10,000.

The value of a currency, as any object is based on supply and demand, agrees. Except that demand, from year to year increases but not way Queers. More and more people get their information, but are reluctant to take the plunge. But as soon as they have taken this step, they can no longer live without, look at you, me, us. What it lacks in the bitcoin is the ease it is to "popularize". Because say to future users, "wai bah need you the private key, the public key, but knowing that your portfolio is a HD, so you can keep the seed for the signature". It's complicated for the common, I think we need to rethink this great technology to common access. The success of windows (or other) was undercover access to computing... but to whom? To nerds? No, to the general public!

That day, the bitcoin will have interest for a lot of world, and as bitcoins are rare at the moment... so its price will increase naturally.

It does not matter whether the price of the bitcoin is 100 or 10000, the thing is people are using fiat in their lives and so do we have to because that is what the word is used to, and as long as the fiat exists and people are using it instead of bitcoin that the fiat will always be worth it, and we cannot change that no matter how expensive the bitcoin is.

[Carmen_Sandiego]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

Bitcoin would gain a lot of publicity. However, as you yourself said, the price of the fiat would not suffer a significant impact. Maybe when Bitcoin has a much larger user base, and a broad market adopting the currency, then I think that dollar and many other fiat currency could suffer a more significant impact.

[BeGoods]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

Okay I agree if bitcoin price is $10000 will not affect the fiat, because $10000 is still low. In my opinion bitcoin needs reach $10.000.000 to able to affect fiat, because amount of fiat is really much.

Lol impossible bitcoin could reach it, if bitcoin reach that price. certainly before there will be a terrible thing in the dollar or fiat. probably no-confidence motion against the government and fiat

[steelhouse]

fiat can be used as a sidechain.  Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe.  Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.

[millgates]

fiat can be used as a sidechain.  Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe.  Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.

I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something  better and appropriate for us. I think fiat system is bad for us now.  

[Drago2016]

fiat can be used as a sidechain.  Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe.  Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.

I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something  better and appropriate for us. I think fiat system is bad for us now.  

this system can be bad if it gives us a chance to exist. without money is impossible to live, it is a fact. Yes it is not perfect and primarily provides incomes of rich people

[Mbah Slamet]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

I fully agree. I think and truly believe that fiat money will still exist. we all know that can not be controlled so that bitcoin might not replace fiat money. regardless of bitcoin prices will not necessarily affect the fiat money, because it will continue to be used.

[Finestream]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

I fully agree. I think and truly believe that fiat money will still exist. we all know that can not be controlled so that bitcoin might not replace fiat money. regardless of bitcoin prices will not necessarily affect the fiat money, because it will continue to be used.

Fiat money devaluation depends on the economy of a certain country, hence we can see now that there are countries where their currencies are stronger than the other currency and that reflects on their economic status. Bitcoin is solely base on supply and demand and it does not rely well base on the performance of a certain currency, the estimated number of users is the living evidence.

[deisik]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

I fully agree. I think and truly believe that fiat money will still exist. we all know that can not be controlled so that bitcoin might not replace fiat money. regardless of bitcoin prices will not necessarily affect the fiat money, because it will continue to be used.

Fiat money devaluation depends on the economy of a certain country, hence we can see now that there are countries where their currencies are stronger than the other currency and that reflects on their economic status. Bitcoin is solely base on supply and demand and it does not rely well base on the performance of a certain currency, the estimated number of users is the living evidence

It is not that simple

Bitcoin is mostly quoted in the US dollar, so with the dollar going down against the basket of major currencies, Bitcoin is rising, even if its value doesn't change as such (i.e. its price remains the same in other currencies). It is basically the same in respect to the Chinese Yuan since the majority of bitcoins are traded at Chinese exchanges for Renminbi. The estimated number of users is irrelevant as such, it is users that are actively buying and selling Bitcoin that affect the price (i.e. making up supply and demand). Those who bought and now hoard no longer play a role (they had their say when they bought some bitcoins) until they decide to cash out, obviously

[OgNasty]

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

No.  $1 would be worth 1/10.000th of a Bitcoin.

[markyminer]

fiat can be used as a sidechain.  Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe.  Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.

I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something  better and appropriate for us. I think fiat system is bad for us now.  

sorry but it is not so easy. because still 1 % of people are not using bitcoin, and even those people who are using bitcoin as currency they depend mostly on fiat. and i think even after 10 years the number of bitcoin uses cannot reach to 5% therefore still they will continue using fiat currency.

[nara1892]

I think the price of bitcoin will not affect the fiat. Even the price of bitcoin reach $100,000, the fiat still the same. But itf the bitcoin price is $10,000 or more, it will attract more people to use bitcoin, because it's really high price for a coin and maybe fiat user will change into bitcoin.

that is right. bitcoin market cap is tiny, probably around 0.1% while fiat marketcap can be 5% or even 30%. so it does not make sense that bitcoin price of $10,000 will affect fiat. but I do not know whether it will affect fiat when the price is $100,000

[rizkyhiw]

fiat can be used as a sidechain.  Except for places where the currency is complete garbage, Argentina, Venezula, or Zimbabwe.  Do you really want to put money in the bank so type As can spend it and then declare bankruptcy.

I agree with you all fiat/paper money will become garbage in the future. I am sure that fiat will be replaced by something  better and appropriate for us. I think fiat system is bad for us now.  

sorry but it is not so easy. because still 1 % of people are not using bitcoin, and even those people who are using bitcoin as currency they depend mostly on fiat. and i think even after 10 years the number of bitcoin uses cannot reach to 5% therefore still they will continue using fiat currency.

Yeah it's a fact that bitcoin development really run slow recently
Required hundred years to make a mass adoption , and while it's happeneing i still don't think fiat will disappear
Something that have established for long time will hard to fall
Fiat has been exist for hundred even thousands years isn't it?

[morgand]

I think the price of bitcoin will not affect the fiat.
Fiat will stay the way they are, theyre a lot of people didnt understand to use crypto and dont really care about them
If the price of bitcoin reach $10.000? lol cant wait that day 

[andrei56]

If bitcoin reaches 10,000 fiat will not be worthless but without a doubt it will bring a lot of attention to bitcoin and new adopters and that could lead to the eventual world adoption of bitcoin.

[boyptc]

If bitcoin reaches 10,000 fiat will not be worthless but without a doubt it will bring a lot of attention to bitcoin and new adopters and that could lead to the eventual world adoption of bitcoin.

That's plausible to happen as the price of bitcoin is going to keep on increasing fiat will remain. And for sure people who are really going to be amazed with the price of bitcoin if that happens will adopt it instantly and hoping to earn 1 bitcoin hardly. Fiat will not be worthless but yes, it will going to attract a lot of new people and users.

[Mr. Big]

If bitcoin reaches 10,000 fiat will not be worthless but without a doubt it will bring a lot of attention to bitcoin and new adopters and that could lead to the eventual world adoption of bitcoin.

That's plausible to happen as the price of bitcoin is going to keep on increasing fiat will remain. And for sure people who are really going to be amazed with the price of bitcoin if that happens will adopt it instantly and hoping to earn 1 bitcoin hardly. Fiat will not be worthless but yes, it will going to attract a lot of new people and users.

Not really user that we are going to attract when the price of bitcoin is worth $10,000 but people who wants to take advantage of its price... Most of them will be for the profit even if they really don't know what bitcoin is, as long as they could earn from this... Later on they will still be cashing out to fiat...

World adoption of bitcoin won't happen that easy and not even when the price reached $10,000, it will take time before the world learn to like bitcoin.