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

[noloco]

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

Agree, 10000 units of $ fiat will be as worthless as 1 bitcoin.

[btcprospecter]

I cannot see fiat been worthless against bitcoin if fiat had no value bitcoin would have no value we only value bitcoin as much as we do because of fiat.

[Vaskiy]

I cannot see fiat been worthless against bitcoin if fiat had no value bitcoin would have no value we only value bitcoin as much as we do because of fiat.

Yes, fiat always has its role. Without fiat bitcoin is valueless, in one form or the other bitcoin have a dependence on fiat. In the past when $10000 looked unachievable I thought fiat might go worthless, but in reality the value itself being provided by its value. So however high value grows doesn't matter, fiat continues to have its stable value.

[susuberuang]

I think fiat is still valuable but the price is very cheap from the price of bitcoin and the total supply fiat is still a lot of bitcoin that has a small supply,

[Cavyanpo]

The fiat will never be worthless in my opinion simply because you can nonetheless transform them with every single other and that it would still stay its well worth in my eyes.

[Jonsnowstark]

I don't think so. Nomatter how high tge value of bitcoin will be, the fiat will still be there. Although it might be worth less but we will still need it. For now, not all merchants accept bitcoins as payments.

[shesheboy]

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

lol. id say no and it wont happen , bitcoin cant still replace the fiat money even if its value will be 10k$. why? because bitcoin is just a digital currency and when you say digital it means it only works online so its priority it can only be used online with an internet conection and also not all people have a knowledge using a computer and going online so i guess it will be hard for some person to use bitcoin and also you cant just buy instanly offline using bitcoin thats why its too complex and hard to understand to some people.

[Maslate]

I don't think so. Nomatter how high tge value of bitcoin will be, the fiat will still be there. Although it might be worth less but we will still need it. For now, not all merchants accept bitcoins as payments.

$10,000 but the volume of user are not really big, that would not gonna eliminate fiat, in fact the government are already regulating bitcoin
and when they regulate they will not allow bitcoin will become the most popular which will only be a threat to fiat system.

[lienfaye]

I cannot see fiat been worthless against bitcoin if fiat had no value bitcoin would have no value we only value bitcoin as much as we do because of fiat.

True, even now that bitcoin reach the unexpected value since 2015, fiat is still the primary currency of everyone and it wont become worthless even in the future.

Many people prepared to use fiat because it is a physical money and they used to it while btc is existing only in computer without it you cant have access.

[hangar18]

I cannot see fiat been worthless against bitcoin if fiat had no value bitcoin would have no value we only value bitcoin as much as we do because of fiat.

True, even now that bitcoin reach the unexpected value since 2015, fiat is still the primary currency of everyone and it wont become worthless even in the future.

Many people prepared to use fiat because it is a physical money and they used to it while btc is existing only in computer without it you cant have access.

Example if ask you "What is the place to take final profits?", can you give me your answer? For me, I need to convert to FIAT for using, I can not use Bitcoin for my life every day. It is unlike FIAT, it is not useful when I need to use for daily.

[EdenHazard]

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.

just think about this scenario , when fiat in the future considered as an outdated currency and people start to move their daily currency in bitcoin , what do you think will happened later on fiat? become worthless unlikely happened as fiat managed by government.

government might just adopt bitcoin technology into their financial system to make fiat not considered outdated anymore.

[Sled]

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.

just think about this scenario , when fiat in the future considered as an outdated currency and people start to move their daily currency in bitcoin , what do you think will happened later on fiat? become worthless unlikely happened as fiat managed by government.

government might just adopt bitcoin technology into their financial system to make fiat not considered outdated anymore.

Fiat will not become outdated and the only thing that they will get outdated in fiat is its form and for sure the government will not let the cryptocurrencies to get into the majority of the population so they will engage a mobile payment option where they will have their money on their phone and it is already started in china where the people uses their mobile phone to make payments.

[LordDisick]

I really don't think fiat become worthless ever as long as the bank still producing it and many people will use it. We can't deny that there are still a lot of people who doesn't have an idea about bitcoin and are not using t as well. Fiat will not become worthless because we are still gonna convert our bitcoins to real money since using bitcoin is still limited as of today. Not all business and stores accept bitcoin so we still need fiat for that matter.

[Milo_Kidd]

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

I think fiat is not easy to be worthless because it is currently used and it was usually used. But it is possible to be eliminated by bitcoin. I believe that we are in the future of cashless society. But fiat for me is serves as secondary payment.

[Moonmanmun]

I dont think fiat will ever be worthless, per say.  I just think more and more people will be envious of all of us bag holders

[jatin729]

Bitcoin will not effect on worth of fiat currency, because the both currency has Different pros and cons.
There are billions of people who don't know about bitcoin and they are totally depend upon fiat currency.

[Dannison]

I dont think fiat will ever be worthless, per say.  I just think more and more people will be envious of all of us bag holders

Fiat will be only good for small amount payment in the future, or where there is no electricity.

[bitgov]

Unfortunately not, in my opinion, this can not happen in the near future, and even more so in the very near we are talking about, because this price is the most possible.

[Bitcoinjheta]

Unfortunately not, in my opinion, this can not happen in the near future, and even more so in the very near we are talking about, because this price is the most possible.

Fiat money has its own worth and it will never be denied and eliminated even if bitcoin will reach to $10,000. It has been the main mode of payment to the world's majority citizen while bitcoin is still limited to some transactions only. If ever bitcoin will reach this high it would be a great advantage to us bitcoiners because once it is converted to fiat then financial stability to us will be secured.

[Eugenar]

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

I disagree with the statement. Even if it will have an expensive market value, fiat or regular currency will be still used since it has a different function which is commonly to daily transactions. And knowing that the market value of bitcoin is continuously increasing and getting more expensive everyrime, it is becoming more of an asset than a currency
 So its main function at this moment is an investment where people are getting profit such that they don',t even want to spend Bitcoin just to hold it. So it appears that fiat will still be benifitial for people as a real currency.