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

[FairUser]

Fiat will never become worthless even if the price of bitcoins is in millions as at any price people will prefer to sell their bitcoins and convert it to fiat and unless bitcoin is not widely used and accepted like fiat I think fiat will always maintain its position so I don't think that fiat can ever become worthless or disappear in near future.

[Inkdatar]

Fiat will never become worthless even if the price of bitcoins is in millions as at any price people will prefer to sell their bitcoins and convert it to fiat and unless bitcoin is not widely used and accepted like fiat I think fiat will always maintain its position so I don't think that fiat can ever become worthless or disappear in near future.

That's true fiat will never be worthless as this is the main use currency of all people. Though bitcoin gaining popularity over the world, mostly it will convert to fiat. And I dont think it will reach 10,000$ because bitcoin is not yet accepted nationwide and still used the fiat currency.

[ocid]

Of course I do not agree with that because fiat currency will forever remain valuable though not as big as the bitcoin price mentioned, most people who do not know of their bitcoin are more comfortable using fiat currency.

[Ziskinberg]

Of course I do not agree with that because fiat currency will forever remain valuable though not as big as the bitcoin price mentioned, most people who do not know of their bitcoin are more comfortable using fiat currency.

What makes bitcoin valuable is its value when converted into fiat, therefore even if bitcoin will be popular and will increase its demand we are still gonna see fiat in the circulation. Maybe some people does not really understand what bitcoin is, to reiterate, it is just a payment system or a tool that will not have any value when not used by people.

[gabmen]

Of course I do not agree with that because fiat currency will forever remain valuable though not as big as the bitcoin price mentioned, most people who do not know of their bitcoin are more comfortable using fiat currency.

What makes bitcoin valuable is its value when converted into fiat, therefore even if bitcoin will be popular and will increase its demand we are still gonna see fiat in the circulation. Maybe some people does not really understand what bitcoin is, to reiterate, it is just a payment system or a tool that will not have any value when not used by people.

He first question is will btc be able to go that high in fiat price? Probably yes, probably no. It can even go beyond 10k in time. Though whatever the price of btc may become, i'm pretty sure it's not going to affect fiat at all. It can be the otherway around but btc will have minimal effect on a stable currency like fiat

[Vaskiy]

Of course I do not agree with that because fiat currency will forever remain valuable though not as big as the bitcoin price mentioned, most people who do not know of their bitcoin are more comfortable using fiat currency.

What makes bitcoin valuable is its value when converted into fiat, therefore even if bitcoin will be popular and will increase its demand we are still gonna see fiat in the circulation. Maybe some people does not really understand what bitcoin is, to reiterate, it is just a payment system or a tool that will not have any value when not used by people.

He first question is will btc be able to go that high in fiat price? Probably yes, probably no. It can even go beyond 10k in time. Though whatever the price of btc may become, i'm pretty sure it's not going to affect fiat at all. It can be the otherway around but btc will have minimal effect on a stable currency like fiat

From various experts price prediction for the future it's assured that the price of bitcoin will go much higher than $10000, and the same doesn't gonna make any impact on the fiat. If more people get into bitcoin the popularity will increase along with the price and the direct acceptance of bitcoin for all our need increases. This might cause a decrease in usage of fiat nothing much happens.

[msarro]

Fiat will always be in demand no matter how bitcoin goes higher in future as people need fiat for their day to day expenses and we cannot expect that bitcoin will accepted everywhere in future and even if it gets accepted there will be many people who will prefer to use only fiat.

[DanielLNugent]

Because if the price is 10k, then one must assume that to have a bitcoin will be 25x harder than it is now, so you will end up with the same value as now, meaning much less coin. Think again. Fiat will not value but bitcoin will be. Since being backed by governments, it will remain stable whether or not the bitcoin price increases. No matter what the price is you still need fiat.

[denny27]

I don't think at all fiat currency would be worthless if bitcoin prices go up to $10k, in my opinion fiat currency will still be valuable under any conditions bitcoin prices. Of course fiat currency remains the most important part of life that will still be used to buying whatever we need, and impossible for peoples not to selling bitcoin into fiat currency, there will be always peoples who selling bitcoin to get fiat currency and then spending it on daily necessities. Regardless of bitcoin price, i think fiat will remain valuable co-exist with bitcoin.

[MineMax]

The fiat will by no means be worthless in my impression because you can still convert them with every single other and that it would nonetheless remain its well worth in my eyes.

[Strught85]

Fiat would be worthless when Bitcoin price tag is well worth at minimum a million. This would suggest that inflation is receiving out of handle.Fiat will nevertheless be close to in decades. a good results for Bitcoin in phrases of price in fiat does not have to be linked with losing benefit of fiat.

[Flodemaga]

Fiat wont be never worthless, because all bitcoin supporters will exchange their coins into fiat soo they can use and abuse the profit they had made with bitcoin investments. Bitcoin can worth 50 000 dollars that it wont hurt fiat at all, remember all that crypto does moove the money countries print and allow to circulate, most of this money has camed from savings.

[Hexah]

I don't think that would be happening because as I can see that even when the value of bitcoin will be in that level fiat will still be useful and will not turn to be worthless. It still be useful because first, it can be used even offline, second, not all country are engaged to bitcoin and so they will prefer fiat before crypto and lastly, government would not alllw such thing because some of government doesn't legalized bitcoin nowadays. In my own point of view fiat will only be worthless when wide range of people choose bitcoin as there primary mode of payment and that would be happening in the near future, and I am patiently waiting for that to happen.

[zirt]

Hi, I disagree with this statement. Bitcoin is not far from 10000... if BTC is 10000 then marketcap would be about 150Mds. Which is big but it wouldnt be end of fiat. No way. Looks, total cryptocurrency market is about 150 Mds...
But sure bitcoin may go that up, nobody knows. Seems bitcoin is true gold, very away from others currencies... even promising currencies can go up and up but seems as bitcoin is gold it is true official crypto currency with real value.

[Wexnident]

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

Nope. Fiat or regular curency won't be worthless just because Bitcoin will have a high market value because of the reason that Bitcoin is not yet legal to most of the countries and to the countries where it is not yet legal, they won't be making use of its so they'll still stick with fiat. Also, Fiat is still used longer than Bitcoin so people are used to fiat. Fiat is alsp used to Buy Bitcoin or inveat to it. So I think it won't be wortgless for such reason.

[TheNextChampion]

Fiat will be the same even if bitcoin reach $10000 because not all person knows bitcoin and some countries don't yet accept bitcoin as legal payment. Aside from thay fiat is important to each country that's why it will not be worthless unless some country switch to paper less money but i don't think they will do it.

[NathanJB]

Of course not. In fact, if we follow your logic in asking such a question, you are still basing on fiat money value. In other words, bitcoin's price is still highly dependent on the value of dollar. It is one reason why bitcoin becomes so big, a single bitcoin being valued a few thousand dollars. Majority of small to moderate bitcoin investors are converting to fiat every now and then.

[chickenado]

Of course not. In fact, if we follow your logic in asking such a question, you are still basing on fiat money value. In other words, bitcoin's price is still highly dependent on the value of dollar. It is one reason why bitcoin becomes so big, a single bitcoin being valued a few thousand dollars. Majority of small to moderate bitcoin investors are converting to fiat every now and then.

Right. I see no difference at all. Actually,$10,000 is not that big issue for everybody I guess because no matter what happens,it will still pump higher on the next it drops. The good thing is that it won't be affected its value. Therefore,fiat will not be worthless. It continues its journey to become more successful in the cryptocurrency world. Investors won't change their minds investing to bitcoin because they already experienced its result and this won't fail them for more or upcoming investments they are going to make.

[kengeorge21]

i don't think it is possible for bitcoin to make fiat become worthless, first of all fiat is being backed up by many governments and international banks and 2nd even at that price if bitcoin is not regulated not all people across the globe will still trust it (though I trust it my self, just in my own opinion).

[sommii]

Bitcoin can become worthless, fiat cannot. Silly question. Fiat won't be banned by countries and using it won't be punished. -.-