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

[Finestream]

Fiat can never be worthless even if price of bitcoins goes that high as we know the fact that we cannot spend bitcoins directly and whenever we want to spend them we need to convert them to fiat first so till this scenario doesn't change I don't think fiat is going anywhere as people will need fiat to convert their bitcoins.

I agree, fiat never worthless because of regulation. Fiat will be worthless if all people around the world use digital currency, but it will become rare maybe $1 fiat be 100 BTC

How long this things can happen? For sure fiat will not be worthless because digital currency will be limited especially feom those countries which have government controlling financial matters and until now even we are already in a digital era they still refusing to recognized the system.

The price of bitcoin will increase in value to that much value but it will not mean that fiat will remain worthless but the price of fiat will remain the same as it has but only people will leave its use it will only remain as the wealth of government of the nation and will be used to calculate the treasure of a nation in the banks.

in fact it is not depending on the price but it depend on the mass adoption, as soon as all the people of the world will start using bitcoin unless then fiat  is not going to worthless. it will even stay there and people will be using it.

At this moment, we were not able to achieve mass adoption yet, however the growing popularity of bitcoin is already a good sign for success. If you look at the price now, we can tell that there are more people starting to adopt already and the ecosystem of bitcoin will surely grow as time passes by. It's not the same as the past, this time is not a manipulation anymore, IMO, what I see is real.

[Liang_Kubur]

Although the price of the bitcoin 1 million dollars, I'm sure bitcoin will not bring any impact with fiat money. This is due to the protection of the country with fiat money. Moreover, many countries that still prohibit bitcoin.

[drakker]

I think fiat will no be worthless if ever a bitcoin will rise at that rate. In the first place, bitcoin value is in fiat. Second, not all the time you have an internet connection to be able to process all your transactions. If it will be useless, many banks including world bank will be useless too. And world bank will not let that happen.

[Dannison]

I think fiat will no be worthless if ever a bitcoin will rise at that rate. In the first place, bitcoin value is in fiat. Second, not all the time you have an internet connection to be able to process all your transactions. If it will be useless, many banks including world bank will be useless too. And world bank will not let that happen.

I think the internet will be universal in the future, so there is no need to be no negative.

[Idrisu]

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

In the world of assets nothing is worthless though an assets can be devalued. It will take along time for bitcoin to get to $10,000 something extraordinary has to happen. I don't think bitcoin and crypto currencies in general will succeed in warping out fiat completely. In my opinion fiat may be reduced to locality as most villages has no internet connectivity.

[tambok]

I think fiat will no be worthless if ever a bitcoin will rise at that rate. In the first place, bitcoin value is in fiat. Second, not all the time you have an internet connection to be able to process all your transactions. If it will be useless, many banks including world bank will be useless too. And world bank will not let that happen.

I think the internet will be universal in the future, so there is no need to be no negative.

It is possible that internet will be universal, I heard that some countries do provide free internet for their country. Here in our nation our government is now in their plan to provide free internet in all places so it is easy to access net.
If bitcoin price will get higher I think that fiat won't still worthless since we cannot use bitcoin anywhere.

[Bops]

If bitcoin get 10k$ i think it will be use anywhere. Because popularity will put him in every shop.

[ASHLIUSZ]

I think fiat will no be worthless if ever a bitcoin will rise at that rate. In the first place, bitcoin value is in fiat. Second, not all the time you have an internet connection to be able to process all your transactions. If it will be useless, many banks including world bank will be useless too. And world bank will not let that happen.

Above mate has made a perfect statement at the end that world bank will not let it happen. Internet connection and the technology will improve with additional features but the price of bitcoin reaching $10000 and making fiat worthless is not realistic. When bitcoin reaches $10000 the opposition from banking sectors as well governments will be big which might even pave path to destruction.

[Kotone]

Even the bitcoin price will turn into $11,000 dollars it will never replace fiat , fiat is the only way where we can turn our bitcoin into physical money to use into our daily living fiat is the best people to use but if bitcoin will be use on the future as currency offline payment bills and anything else bitcoin will be popular.

[Hydrogen]

If bitcoin going from $15 per BTC to $1,000 per BTC over the last 6 or so years didn't end fiat.

Somehow, I don't think the jump from $1,000 to $10,000 would be any more significant.

 

[grandy]

Fiat can never be worthless even if price of bitcoins goes that high as we know the fact that we cannot spend bitcoins directly and whenever we want to spend them we need to convert them to fiat first so till this scenario doesn't change I don't think fiat is going anywhere as people will need fiat to convert their bitcoins.

I agree, fiat never worthless because of regulation. Fiat will be worthless if all people around the world use digital currency, but it will become rare maybe $1 fiat be 100 BTC

How long this things can happen? For sure fiat will not be worthless because digital currency will be limited especially feom those countries which have government controlling financial matters and until now even we are already in a digital era they still refusing to recognized the system.

The price of bitcoin will increase in value to that much value but it will not mean that fiat will remain worthless but the price of fiat will remain the same as it has but only people will leave its use it will only remain as the wealth of government of the nation and will be used to calculate the treasure of a nation in the banks.

yes that is right to say that it is not depending on the price of bitcoin and i think it will be decided by the people, if people are no longer interested in fiat then fiat will defiantly become worthless, but i think sill there is a lot of time to happen that.

[delliaerd]

If bitcoin going from $15 per BTC to $1,000 per BTC over the last 6 or so years didn't end fiat.

Somehow, I don't think the jump from $1,000 to $10,000 would be any more significant.

 

The amount of fiat that has been spread is too many although the value is always decrease because inflation but if we compare the total value of fiat with bitcoin, the total value of fiat is still bigger than total value of bitcoin.  But it doesn't mean that bitcoin will never defeat fiat.
If the price of bitcoin is keep up, I am sure that fiat will be worthless. I think bitcoin need reach more than $10.000.

[Fidemoga]

If bitcoin going from $15 per BTC to $1,000 per BTC over the last 6 or so years didn't end fiat.

Somehow, I don't think the jump from $1,000 to $10,000 would be any more significant.

 

The amount of fiat that has been spread is too many although the value is always decrease because inflation but if we compare the total value of fiat with bitcoin, the total value of fiat is still bigger than total value of bitcoin.  But it doesn't mean that bitcoin will never defeat fiat.
If the price of bitcoin is keep up, I am sure that fiat will be worthless. I think bitcoin need reach more than $10.000.

I think it will take very long time for the bitcoin to have higher value than fiat such as US dollar.

[proprofi]

Guess 1BTC will cost minimum 2000$ after ETF this spring

[PaymyBills]

My vote is no and as i expexted many others 89% also do think the same because fiat has its own market and it doesnt matter whatever the price of bitcoin will reach i can never ever replace the fiat currency because its not only depends upon price but there are other different features of fiat as well and most important thing is worldwide accpetance.

[NEWGOODOUBLE]

Guess 1BTC will cost minimum 2000$ after ETF this spring

I think that's too much for bitcoin. although the trend of price increases continue to occur. but I think $ 2,000 is a very high price and it will be hard going in recent years

[X-ray]

Guess 1BTC will cost minimum 2000$ after ETF this spring

It's very unrealistic, How many the total of the money will flow to the bitcoin and i guess it's not more than a billion. and It will not push the price of bitcoin with instantly. I guess $1400 is more realistic speculation.

[lionheart78]

Guess 1BTC will cost minimum 2000$ after ETF this spring

It's very unrealistic, How many the total of the money will flow to the bitcoin and i guess it's not more than a billion. and It will not push the price of bitcoin with instantly. I guess $1400 is more realistic speculation.

I have the same belief as you, probably a bit higher at around $1500, if ever ETF is approved the influence/effect is far greater than the incoming fund.  Though it will not promptly rise to this amount but rather it will increase continuously bringing Bitcoin price to $1500 or more.


Fiat will never be worthless even if Bitcoin reach more than $10,000.  Bitcoin will only be an alternative, next to fiat currency created by the finance institution of each government.

[Viscore]

Guess 1BTC will cost minimum 2000$ after ETF this spring

It's very unrealistic, How many the total of the money will flow to the bitcoin and i guess it's not more than a billion. and It will not push the price of bitcoin with instantly. I guess $1400 is more realistic speculation.

I have the same belief as you, probably a bit higher at around $1500, if ever ETF is approved the influence/effect is far greater than the incoming fund.  Though it will not promptly rise to this amount but rather it will increase continuously bringing Bitcoin price to $1500 or more.


Fiat will never be worthless even if Bitcoin reach more than $10,000.  Bitcoin will only be an alternative, next to fiat currency created by the finance institution of each government.

Let's hope for the best of bitcoin and the approval of ETF, it should be long due for approval but this March 11 should be the date that we will never forget. The price movement is the reaction due to more people are speculating for the approval and they believe the price will abruptly rise after the decision.

[Soul Reaper]

Fiat becoming worthless is not at all logically correct.
This is because money(fiat) is all relative.
It's basically only a promise that someone ows you resources.
It may be possible that more people start using bitcoins as compared to Fiat.
Now logically-
Consider bitcoin reaches 10000$
But you are saying fiat becomes worthless
I.E - dollar losses Its value . But if dollar looses its value than bitcoin is also 10000$.
Thus, bitcoin also looses its value.
So what you are saying is logically wrong.