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

[noictib]

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

No because this is the main factor of the bitcoin and altcoin market to make more nd more profit .
With every small jump and dump of thee price of the bitcoin results in the big result in the altcoin market .
So here we will have more and more chances to make profit in trading with altcoins if the price of bitcoin comes at this peak .

[Viscore]

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

No because this is the main factor of the bitcoin and altcoin market to make more nd more profit .
With every small jump and dump of thee price of the bitcoin results in the big result in the altcoin market .
So here we will have more and more chances to make profit in trading with altcoins if the price of bitcoin comes at this peak .

One thing I Know is that when the price of bitcoin dump the price of altcoins pump, see what happen to DASH and Ethereum now, they are pumping.
It's an opposite effect of bitcoin because when bitcoin dump people will convert their bitcoins into altcoins, the trend is like this if you have been observing the past. But, back to the topic, it's not misleading because bitcoin is still dependent on fiat and fiat will never be worthless even if the price will be $100,000.

[ViceOfBTC21]

Not at all. Fiat currency willl exist always regardless of bitcoin price and always will have their value. Actually saying, fiat don't need electricity and internet, when Bitcoin requires this. Only for making transactions and mining.

[grandy]

fiat money never be worthless or zero price
what ever digital curency very high price fiat money still much user
because in real life still need fiat money, not only crypto curency or digital curency

yes fiat is not going to be worthless in any case, i think it can only be possible if all the people of the world start using bitcoin, and i do not think that it can be possible in next few decades.

[Erza]

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

You don't know what your saying, Don't you know that for a several years fiat became useful in many countries in the entire world. And even bitcoin reach 1M$ Fiat will still be useful in different places of the country. 

Yes, really agree on that because not all people are using bitcoin as their method of payment. Some of them still using fiat to pay for something. Although bitcoin price is sky rocketting and hit $10,000 but if not all people use it, fiat will still be useful for sure

[Rostadom]

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

You don't know what your saying, Don't you know that for a several years fiat became useful in many countries in the entire world. And even bitcoin reach 1M$ Fiat will still be useful in different places of the country. 

Yes, really agree on that because not all people are using bitcoin as their method of payment. Some of them still using fiat to pay for something. Although bitcoin price is sky rocketting and hit $10,000 but if not all people use it, fiat will still be useful for sure

Since bitcoin's price is still indicated in fiat's price (Dollars in your example), that alone is a clear sign that fiat is totally still worth something although maybe the reason why bitcoin's price is already $10,000 is because the value of fiat has already decreased a lot. Either way, 10k USD per bitcoin says that bitcoin is already accepted by merchants and mass adoption is starting to happen. The price will increase even faster because growth is exponential specially on something that's built by human's population and trust like bitcoins.

[stadus]

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

You don't know what your saying, Don't you know that for a several years fiat became useful in many countries in the entire world. And even bitcoin reach 1M$ Fiat will still be useful in different places of the country. 

Yes, really agree on that because not all people are using bitcoin as their method of payment. Some of them still using fiat to pay for something. Although bitcoin price is sky rocketting and hit $10,000 but if not all people use it, fiat will still be useful for sure

Since bitcoin's price is still indicated in fiat's price (Dollars in your example), that alone is a clear sign that fiat is totally still worth something although maybe the reason why bitcoin's price is already $10,000 is because the value of fiat has already decreased a lot. Either way, 10k USD per bitcoin says that bitcoin is already accepted by merchants and mass adoption is starting to happen. The price will increase even faster because growth is exponential specially on something that's built by human's population and trust like bitcoins.

I would definitely agree with you on that, bitcoin is very dependent on fiat and without the support of fiat it will be worthless. We have been using fiat but there are people who sees we can get more benefits if the money we are using is not subject to inflation and will be decentralized.

Bitcoin then was created but the main purpose was just to aid fiat to give a fast transaction, but people are thinking differently, they want to replace fiat with bitcoin which is impossible to happen.

[Teraboy]

Fiat will never become worthless even if the price of bitcoin reaches the moon as if it touches that price then people will start selling their coins and convert it to fiat as even in future I don't think that bitcoin will be used and accepted everywhere and you will always need fiat for your spending.

True because bitcoin and fiat can be said in a different place. all states establish major fiat currencies as so inevitably fiat will continue to exist despite sky-high price of bitcoin

no, because fiat has needed by everyone to filling his daily needs. snf it will never become the worthless currency rather than bitcoin in the future.

[Tradescoinz]

The price won't get to $10.000 because that would make the economy crash.

[deisik]

Not at all. Fiat currency willl exist always regardless of bitcoin price and always will have their value. Actually saying, fiat don't need electricity and internet, when Bitcoin requires this. Only for making transactions and mining

You obviously mean cash money

Fiat can be either digital or in the form of paper bills (and nickels). Most of fiat today is in digital form, so you still need electricity to successfully transact with it. You don't so much need Internet since you can just call the bank, tell them your passcode, and they will make all required payments on your behalf even if there is no Internet around. Banks don't need Internet either since wire transfers of digital money had been there long before Internet became mainstream in the 1990s

[lionheart78]

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

You don't know what your saying, Don't you know that for a several years fiat became useful in many countries in the entire world. And even bitcoin reach 1M$ Fiat will still be useful in different places of the country. 

Well said, I just hope he explain why fiat is worthless,  for at least we can see why he is saying such thing.  I also wanted to think that fiat is really worthless but everytime I want to fulfill my needs, fiat currency is needed.    So I think as long as fiat currency is accepted as payment for goods, no matter how low its value, it still have its worth and not worthless.

[Mvaporis1961]

Well for my own opinion doesn't matter how much bitcoin is,
As long as it can't be used to pay anything that we need Fiat will still be worth it.

[(altair)]

Well as long as we can use Fiat to pay for our needs or something it will surely be worth it,
And I think the only way for Fiat to become worthless is if nobody would accept it as payment.

[Roboabhishek]

Lol, it's not possible because they will print more if the current is exhausted.
Also, the people will never use all their fiat to buy bitcoins.

[Rahar02]

Well for my own opinion doesn't matter how much bitcoin is,
As long as it can't be used to pay anything that we need Fiat will still be worth it.

No chance at all, fiat money will be always the first and the best option for daily transaction instead of using bitcoin, because :
- People/citizens do not need to have any wallet
- Complicated transaction for layman
- No need to pay fee for every single transaction
- bitcoin transaction  takes time (even for hours) to be confirmed
Long live for fiat money, especially for cash. I agree with you, as long as bitcoin can not be useful and simple like cash, fiat won't be worthless.

[South Park]

Bitcoin could reach 10k without fiat having to go through hyper inflation or anything, if adoption grew by 10 times the current amount of people and business, then it stands to reason to believe that the price will grow that much, so fiat will not be worthless in that scenario.

[BitSat]

Fiat never been worthless because its going with own values and bitcoin cannot challenge this but we can say adoption could be higher and peoples will give some good value to bitcoin also as its touch 10000$ in future

[Technicality]

Bitcoin could reach 10k without fiat having to go through hyper inflation or anything, if adoption grew by 10 times the current amount of people and business, then it stands to reason to believe that the price will grow that much, so fiat will not be worthless in that scenario.

Well the price suggested here is ridiculously low for the fiat price to become worthless.  Multiplying the adoption of Bitcoin by 10 would still leave it an absolutely tiny currency compared to, for example, the US dollar.

[Tyrantt]

nope, even if the bitcoin hits 10k$, fiat will not be worthless. Probably because banks hold a too much power nowdays to just let that happen. Also, if (let's say that USD drops low), that will make some other countries gain buying power and a lot can happen in that moment, but that time is far, far away from today imo.

But no, I don't think that fiat will collectively become worthless in case that bitcoin hits 10k$. 

[batang_bitcoin]

Lol, it's not possible because they will print more if the current is exhausted.
Also, the people will never use all their fiat to buy bitcoins.

They aren't going to print more that will make the economy in chaos if the government will print more. It's simple that whatever the price of bitcoin, fiat will remain and will be the favored medium of transaction and payment of government. Because they are the one that regulates it, unlike with bitcoin it's decentralized.