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

[stadus]

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.

The price is not the main problem here, it will be the effect of the adoption, if the adoption is big then it will result to bigger prices and I don't think people will just come for profit and sell their holdings. There are smart investors like the whales, they know even if that price will be reach it will still continue to rise and they will benefit from that movement all the time.

[WorldClassic]

Already fiat is worthless .  No need to talk more about it ,

[mace15]

In my own opinion, I dont think FIAT will be worthless. Fiat is still the main curreny that is using worldwide. Bitcoin price may be unstable and if it will become to $10000, we can cashout into fiat. This means fiat is still the main used in any country. Bitcoin is not been adapted worldwide. All I can say is fiat is not worthless.

[bitllionaire]

In my own opinion, I dont think FIAT will be worthless. Fiat is still the main curreny that is using worldwide. Bitcoin price may be unstable and if it will become to $10000, we can cashout into fiat. This means fiat is still the main used in any country. Bitcoin is not been adapted worldwide. All I can say is fiat is not worthless.

in fact fiat is not going to worthless in any case either the bitcoin even raise to any value. in fact fiat can only worthless when all the people of the world will start using bitcoin and it is not so much easy because still a very little number of people are using bitcoin. and perhaps it will take decades to reach to such position when all the people of the world will start using bitcoin.

[eren_ozdogan]

I don't think there is a correlation between BTC price and fiat valuation.

[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.

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.

Even if at first that only attracts speculators or persons trying to obtain an easy profit, this will allow them to see for themselves the advantages bitcoin has over fiat and it may convince some of them to adopt it long term.

[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 

There's no really affection whether the price of bitcoin is going to reach up to $10,000 or even higher than that. It's hard to believe that fiat will be replace and no value at all just because of bitcoin. Thinking that bitcoin is still new crypto and its very impossible within this days that it is going to make the fiat worthless at all.

that is what i am talking about, bitcoin and fiat didnt the same. Yes, both of them for payment, but bitcoin is annonymous. So many people didnt trust and afraid getting scamed if using coin (at least in my country, theyre didnt know about bitcoin).

[burwell39]

Of course the fiat will be worthless and Nobody uses fiat anymore because Bitcoin will be a central digital currency we can purchase, make payment, do investing and trading without fiat .

[nasipadang]

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

bitcoin value comes only from people who are willing to accept as payment. in some countries bitcoin is not accepted as paymen and still use a fiat as legal payment. I think though the price of bitcoin $ 10.000, as long several countries not accept bitcoin as legal payments. fiat will to be useful

[passwordnow]

Of course the fiat will be worthless and Nobody uses fiat anymore because Bitcoin will be a central digital currency we can purchase, make payment, do investing and trading without fiat .

Mate let's get real here. Fiat will never going to be worthless as long as the government is going to support paper money / fiat, it will always be worth it whatever is going to be the price of bitcoin. Even it will reach millions still the government is not going to gamble their financial system with a limited supply of bitcoin and decentralized one.

[Viscore]

Of course the fiat will be worthless and Nobody uses fiat anymore because Bitcoin will be a central digital currency we can purchase, make payment, do investing and trading without fiat .

Mate let's get real here. Fiat will never going to be worthless as long as the government is going to support paper money / fiat, it will always be worth it whatever is going to be the price of bitcoin. Even it will reach millions still the government is not going to gamble their financial system with a limited supply of bitcoin and decentralized one.

You can't change his decision as literally he does not understand how strong the fiat system is. All of us are using fiat despite the fact that we are supporting bitcoin, it must be put in our mind that bitcoin has it's limit and will never gonna surpass the power of the government.

[sabbirshm]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

[diegz]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

That's one reason why fiat will never be worthless and bitcoin replacing it. Lets accept the truth that the world is not uniform. If there are places where bitcoin can be used, there are also places where it is not being used. Not to mention that even at places where bitcoin is used, there are still people who can't even afford to buy a gadget and afford an internet subscription. So even when the price of bitcoin goes to the moon, fiat will still be fiat and will still has a value.

[Hatuferu]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

That's one reason why fiat will never be worthless and bitcoin replacing it. Lets accept the truth that the world is not uniform. If there are places where bitcoin can be used, there are also places where it is not being used. Not to mention that even at places where bitcoin is used, there are still people who can't even afford to buy a gadget and afford an internet subscription. So even when the price of bitcoin goes to the moon, fiat will still be fiat and will still has a value.

I know the world is using fiat despite of the fact some has uses bitcoin, it's only 1% of the total population who uses bitcoin, so it's not a big threat to fiat.

[Qunenin]

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.

I dont understand the logic of bitcoin reached to $10000 and fiat becoming worthless. So basically we are comparing Fiat will bitcoin so if the Bitcoin reaches 10000$, people will dump it to get the Fiat, so Fiat cant be dead unless forcefully announced that Fiat currencies has no value and bitcoin is the only source of transactions.

[GreenBits]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

That's one reason why fiat will never be worthless and bitcoin replacing it. Lets accept the truth that the world is not uniform. If there are places where bitcoin can be used, there are also places where it is not being used. Not to mention that even at places where bitcoin is used, there are still people who can't even afford to buy a gadget and afford an internet subscription. So even when the price of bitcoin goes to the moon, fiat will still be fiat and will still has a value.

I know the world is using fiat despite of the fact some has uses bitcoin, it's only 1% of the total population who uses bitcoin, so it's not a big threat to fiat.

Thats true even Bitcoin reach that amount Bitcoin is not accepted in major bank , markets and etc.We still need fiat because this is the importance of existence of every country.And the  government also dont accept that.

[lol3c]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

That's one reason why fiat will never be worthless and bitcoin replacing it. Lets accept the truth that the world is not uniform. If there are places where bitcoin can be used, there are also places where it is not being used. Not to mention that even at places where bitcoin is used, there are still people who can't even afford to buy a gadget and afford an internet subscription. So even when the price of bitcoin goes to the moon, fiat will still be fiat and will still has a value.

I know the world is using fiat despite of the fact some has uses bitcoin, it's only 1% of the total population who uses bitcoin, so it's not a big threat to fiat.

Thats true even Bitcoin reach that amount Bitcoin is not accepted in major bank , markets and etc.We still need fiat because this is the importance of existence of every country.And the  government also dont accept that.

Wrong. There is no evidence that Bitcoin will not be accepted in the future. Bitcoin will replace fiat because it is too innovative and remarkable. Along with its technology, I can ensure that Bitcoin and Blockchain will be used widely in the future. Anyhow, Fiat have been a part of our life for many decades and it will be a little bit sad if we have to say goodbye to it

[diegz]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

That's one reason why fiat will never be worthless and bitcoin replacing it. Lets accept the truth that the world is not uniform. If there are places where bitcoin can be used, there are also places where it is not being used. Not to mention that even at places where bitcoin is used, there are still people who can't even afford to buy a gadget and afford an internet subscription. So even when the price of bitcoin goes to the moon, fiat will still be fiat and will still has a value.

I know the world is using fiat despite of the fact some has uses bitcoin, it's only 1% of the total population who uses bitcoin, so it's not a big threat to fiat.

Thats true even Bitcoin reach that amount Bitcoin is not accepted in major bank , markets and etc.We still need fiat because this is the importance of existence of every country.And the  government also dont accept that.

Wrong. There is no evidence that Bitcoin will not be accepted in the future. Bitcoin will replace fiat because it is too innovative and remarkable. Along with its technology, I can ensure that Bitcoin and Blockchain will be used widely in the future. Anyhow, Fiat have been a part of our life for many decades and it will be a little bit sad if we have to say goodbye to it

But government could also make an innovation with fiat and if they are about to accept a digital currency, it will be something that is they build their own and under their control. Something that is centralized. Most probably copying the blockchain technology is the best that they could get on bitcoin, but not bitcoin. Bitcoin might not suffice even to a single country.

[GreenBits]

I think Fiat has it's own important.It can't be worthless for bitcoin at 10000$.Because many countries people doesn't aware of bitcoin till now.And many government don't accept bitcoin till now.So in these contry bitcoin is worthless cause you can't buy daily accessories with bitcoin.That's why,I think bitcoin can't make fiat worthless.

That's one reason why fiat will never be worthless and bitcoin replacing it. Lets accept the truth that the world is not uniform. If there are places where bitcoin can be used, there are also places where it is not being used. Not to mention that even at places where bitcoin is used, there are still people who can't even afford to buy a gadget and afford an internet subscription. So even when the price of bitcoin goes to the moon, fiat will still be fiat and will still has a value.

I know the world is using fiat despite of the fact some has uses bitcoin, it's only 1% of the total population who uses bitcoin, so it's not a big threat to fiat.

Thats true even Bitcoin reach that amount Bitcoin is not accepted in major bank , markets and etc.We still need fiat because this is the importance of existence of every country.And the  government also dont accept that.

Wrong. There is no evidence that Bitcoin will not be accepted in the future. Bitcoin will replace fiat because it is too innovative and remarkable. Along with its technology, I can ensure that Bitcoin and Blockchain will be used widely in the future. Anyhow, Fiat have been a part of our life for many decades and it will be a little bit sad if we have to say goodbye to it

That's true and possible but to replace fiat is impossible because every country have their own fiat and this is the proof that they country existence and I think they didn't accept Bitcoin but they make their own Bitcoin like.

[deisik]

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.

I dont understand the logic of bitcoin reached to $10000 and fiat becoming worthless. So basically we are comparing Fiat will bitcoin so if the Bitcoin reaches 10000$, people will dump it to get the Fiat, so Fiat cant be dead unless forcefully announced that Fiat currencies has no value and bitcoin is the only source of transactions

This is only one avenue along which the events may unfold

Since we are talking about Bitcoin being priced in dollars, going to 10,000 dollars per coin can be done in a few ways, which basically follow two major routes. In the first case, Bitcoin may rally due to just another pump-and-dump endeavor by Bitcoin whales or market manipulators. And in this case, people may indeed start massively converting their Bitcoin stashes to dollars. On the other hand, the dollar itself may get massively devalued (read enter a hyperinflation spiral), and in the latter case, there is no reason to think that people will dump bitcoins. In fact, they will be dumping dollars for more reliable currencies with Bitcoin being one of them