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

[Celsiuss]

I don't anything will ever replace fiat ever. Bitcoin is an alternative to currency. Even if Bitcoin becomes normal to use day to day, I still think fiat will still be the main currency in any country.

[Kray]

I don't anything will ever replace fiat ever. Bitcoin is an alternative to currency. Even if Bitcoin becomes normal to use day to day, I still think fiat will still be the main currency in any country.

Yeah sure, because goverment can control fiat. Even bitcoin price is $50.000 it wont replace fiat, sometime we need to think with many traditional people which use fiat, they wont leave fiat

[choppork]

I don't anything will ever replace fiat ever. Bitcoin is an alternative to currency. Even if Bitcoin becomes normal to use day to day, I still think fiat will still be the main currency in any country.

Yeah sure, because goverment can control fiat. Even bitcoin price is $50.000 it wont replace fiat, sometime we need to think with many traditional people which use fiat, they wont leave fiat

Traditional or some special snowflake type of person, both would leave fiat in a heartbeat once they realized how much their money have inflated and how can they prevent it by using bitcoins. Bitcoin only has to go mainstream for people to find out about it. Bitcoin price at $10K is still far from that. The price of bitcoin would blow up even more when bitcoin goes mainstream. Although $10K is already a huge improvement. In your example, you used $50K and that's already a good price to say that bitcoin has finally made it and it has become mainstream.

I see on Youtube that cryptocurrency has finally an advertisement. Little by little, we are increasing in numbers and people are actually finally funding advertisements for us towards mass adoption.

[tabas]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

Government will always be there so there's no way for bitcoin to make the fiat worthless. But who doesn't like when the price of bitcoin starts to reach at $10k? No matter what will be the price of bitcoin, decentralize is decentralize and government will not advice people to depend on crypto currency, there will always be fiat.

[Hamtard]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

Government will always be there so there's no way for bitcoin to make the fiat worthless. But who doesn't like when the price of bitcoin starts to reach at $10k? No matter what will be the price of bitcoin, decentralize is decentralize and government will not advice people to depend on crypto currency, there will always be fiat.

I think it is all relative. When the bitcoin price break $10,000. It will soon be $100,000.

[AdolfinWolf]

I don't anything will ever replace fiat ever. Bitcoin is an alternative to currency. Even if Bitcoin becomes normal to use day to day, I still think fiat will still be the main currency in any country.

Yeah sure, because goverment can control fiat. Even bitcoin price is $50.000 it wont replace fiat, sometime we need to think with many traditional people which use fiat, they wont leave fiat

If bitcoin would get that big, governments will just ban bitcoin if it is getting too much influence.

Fiat is already worthless. It is just a number, or a piece of paper. The value is artificial unlike bitcoin, however because of the government it will never useless.

These are two very different things.

Also, look at what happens when you have an unstable government like venezuela. Bitcoin has almost replaced fiat there. So yes, it is very possible with third world countries.

[peter23]

Ofcourse not fiat will be here in the world except bitcoin just release its own hard money i mean real money in the real life not just in internet bitcoin can do so but if the bitcoin stays in the internet theres no way that bitcoin can replace or remove fiat money in this world.

[CriptoSven]

Ofcourse not fiat will be here in the world except bitcoin just release its own hard money i mean real money in the real life not just in internet bitcoin can do so but if the bitcoin stays in the internet theres no way that bitcoin can replace or remove fiat money in this world.

We see today that besides Bitcoin they are starting to create other crypto-currencies. Some countries also go the same way to create something of their own from decentralized currencies. But nevertheless, the Fiat continue to live and will only be the only natural currency for daily use.

[malami]

Well bitcoin could already hit that price this year but I don't see fiat going anywhere in the short term. In 20 years though who knows, but there would need to be some form of offline payment to replace it too.

[stompix]

I do not believe fiat can ever be replaced as the government exist.
The government could ban bitcoin so the value of bitcoin could drop to non existent to one's country

I am Sorry but I dissagree with you, there is fiat of some country that being worthless then the people try to buy bitcoin to safe their wealth. I think there is still a chance for bitcoin to replace fiat.

Haha. You need to know that Governments will try their best to stop this from happening. No government wants their people to use other currency except their national currency. Therefore, there is no chance for bitcoin to replace fiat unless the governments collapse

You need to know that what you're saying is false.
For example Ecuador. They are not using their own currency they are using the usd.
And there are a lot more. And a lot more who have pegged the value to either the usd or the euro.

Ofcourse not fiat will be here in the world except bitcoin just release its own hard money i mean real money in the real life not just in internet bitcoin can do so but if the bitcoin stays in the internet theres no way that bitcoin can replace or remove fiat money in this world.

I'm having trouble picturing or understanding what you're saying here.
Bitcoin releasing it's own money?

What the hell are you thinking.
Go back to the beginner lounge and stay there for a few months and study.

[deisik]

I don't anything will ever replace fiat ever. Bitcoin is an alternative to currency. Even if Bitcoin becomes normal to use day to day, I still think fiat will still be the main currency in any country.

Yeah sure, because goverment can control fiat. Even bitcoin price is $50.000 it wont replace fiat, sometime we need to think with many traditional people which use fiat, they wont leave fiat

If bitcoin would get that big, governments will just ban bitcoin if it is getting too much influence

That's unlikely to happen

I refer to both Bitcoin going big and governments banning it, though these are not independent events. It is enough for Bitcoin to remain small, and governments wouldn't have to ban it. I likely know what you are going to say, i.e. that Bitcoin price is going to hit 10,000 dollars per coin soon (and then only sky is the limit), and I will as likely agree with you. But can just price alone make Bitcoin great (again)? I guess no, Bitcoin needs real adoption, and genuine adoption means creating an economy based entirely on Bitcoin, while merchants accepting it and then selling for fiat are nowhere near that. That's the idea behind going big

[Janation]

Well bitcoin could already hit that price this year but I don't see fiat going anywhere in the short term. In 20 years though who knows, but there would need to be some form of offline payment to replace it too.

There is no way that bitcoin will ever replace fiats or even make them worthless, even in 20 years, this is impossible, the price of bitcoin may rise more than $10000, but it will never replace fiat. And yeah, if fiat will be replaced by another coin, what will it be? There's nothing that can replace money physically.

[goldcoinminer]

Well bitcoin could already hit that price this year but I don't see fiat going anywhere in the short term. In 20 years though who knows, but there would need to be some form of offline payment to replace it too.

There is no way that bitcoin will ever replace fiats or even make them worthless, even in 20 years, this is impossible, the price of bitcoin may rise more than $10000, but it will never replace fiat. And yeah, if fiat will be replaced by another coin, what will it be? There's nothing that can replace money physically.

We can always project and there is not exact limit on how the price will be, it will always depend on the progress of bitcoin, if it continues
the trend then you can expect you can see that price in a short period of time from now, even less than 10 years it's possible.

[Fatanut]

....make Bitcoin great (again)....

Such a subtle joke that made me laugh more than I should.

Well bitcoin could already hit that price this year but I don't see fiat going anywhere in the short term. In 20 years though who knows, but there would need to be some form of offline payment to replace it too.

There is no way that bitcoin will ever replace fiats or even make them worthless, even in 20 years, this is impossible, the price of bitcoin may rise more than $10000, but it will never replace fiat. And yeah, if fiat will be replaced by another coin, what will it be? There's nothing that can replace money physically.

I guess if fiat is to replaced by something that has a physical form, it would be gold. Back then, people are already using gold and up to date, gold still has actual value. If people knows that fiat money is just paper, then they would start investing all of their fiat money to stocks, precious stones, minerals, etc. Basically things that actually have value and are a good store of value. Unfortunately, people aren't just going to be informed that fiat isn't backed by gold or anything anymore so you're right, fiat is irreplaceable. But, who knows? Bitcoin might have some spike in its adoption at some point.

[Panda Trump]

$10,000.. That means with about 18 million Bitcoin then, that the market cap would be $180 billion. If you look at the total money on earth, which is many trillions, this is only like 1%? Or even less...

So to answer your question... Nope! Fiat won't be worthless!

Regards,
-Trump

[Flodemaga]

Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.

[tabas]

Bitcoin looks like will reach those value at 2020, atleast the way it is looking is we are mooving forward to bigger values, bitcoin records had been broken already, and now bitcoin is stable with a good support above 2000 dollars. Fiat will be always used and neither bitcoin or crypto can change those.

Hard to believe by 2020 it will happen if bitcoin will have a movement like this, it will be hard for it to get up at $10,000. But if there's a billionaire investor that will buy almost half of an exchanges total bitcoin holding for sure this is going to make money for all of the holders that can make the price of bitcoin higher. But no way, it can't make fiat useless.

[javalemcgee]

Fiat will never be worthless in this condition because the number of bitcoins is limited with millions. When you campare all fiat Money amount with bitcoin, you'll see that fiat Money is dominating like crazy.

[saidhr20]

it will never be useless or worthless ,  what i about gold
bitcoin without fiat is nothing

[flipstyle]

Even if the price of bitcoins goes in millions still fiat will not become worthless as we need fiat to convert our bitcoins as even in future I don't think that we will be able to spend our bitcoins at each and every place.