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

[MommyElsa]

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, i disagree with this topic, definitely fiat is very important all over the world, bitcoin is very important too but with a very limited transaction only and not everyone have been using it.

[francesyrus]

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, fiat couldn't be worthless what ever bitcoins value will reach. We still need fiat when we exchange our bitcoin. We still need fiat is our daily expenses. Fiat would only be worthless if all people use bitcoin and all transactions are being done with bitcoin or other altcoin even if you only buy a lollipop. 

[ivrynx]

I don't think Fiat will become worthless if bitcoin's price went over 10000 USD, it will only mean that Bitcoin will have a strong buying power than fiat. How people value fist, is the same as we value Bitcoin, since both are currency, however, their value differentiates through time, Bitcoin is going higher while the latter seems to be going down, and that is due to inflation, and if the value of Fiat, let's use the US dollar, if it's value decreases, the value of Bitcoin will also be hit, but it will not be drastic, since we are using Fiat to value Bitcoin, but I think it will be a long time for fiat to become worthless since a lot of people today are still hesitant to use cryptocurrencies, and probably the best generation, there will be no more fiat, and that's the time it will become worthless, if people no longer uses it.

[RongNumber]

Even if BTC was $100k, I dont ever see fiat being worthless, as you describe. Not everyone in this world (we live in a huge world) will have BTC or become familiar with how to use it.

[_Dawid_]

I don't agree with this statement, mainly because the price of bircoin or any other financial product or raw material on market don't decide about its importance. The only institutions who are in power to decide if fiat are worthless are banks and local goverments. We could also add retailers to its list, because if all retailers will accept bitcoin banks and goverments will have to introduce bitcoin as a common digital medium payment(goverment should listen to its electorate). As long as people won't accept bitcoin goverments won't accept it too. The main question for both sides is if bitcoin is worth its price and technology.

[jimn]

Bitcoin can reach this level (10000$) soon, but fiat will stay useful and will not become worthless even if bitcoin's price overcome this level.
People worldwide are using fiat currencies a lot more than crypto currencies actually.

[bitgov]

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

It could be worthless, why? Bitcoin and cryptocurency is developing faster, if only, cause fiat is staying "at the same postion"...

[paul00]

I don’t think fiat currency will become wortheless once bitcoin has increased its value up to that amount. By that time, we don’t have an assuarance that bitcoin is already an official currency accepted by all countries. Currently, some countries still ban the use and the website of bitcoin. In this case fiat will still be the one used by the citizens.

[CryingCheer]

I think that is not feasible, fiat will always be used by most of people in future too, without doubt will also use bitcoin once it will get well-liked but fiat can't merely disappear.

[pia19]

No, I don't think so. In my opinion, I think no matter how high the value of bitcoin will be, fiat will never be worthless. Bitcoin is a virtual money and it serve as an alternative currency and not to replace fiat cash. Besides not all people are not knowledgable about bitcoin so they will not accept it immediately. Also, some government even prohibit the use of bitcoin.

[BrannigansLaw]

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

It could be worthless, why? Bitcoin and cryptocurency is developing faster, if only, cause fiat is staying "at the same postion"...

Do you really think so,do you think that you will be carrying bitcoin in you wallet when you go for local shopping and you think that the stores will be accepting digital currency instead of fiat,well that is a good dream but it is not going to happen unless it is a dream or a movie.

[cardoyasilad]

No i don't think so that fiat will be worthless even bitcoin reaches $20.000, fiat will still the main currency in different countries unless the government will introduce bitcoin as a replacement for fiat.

[romecheo]

Nope, 10000$ is nothing when we're talking about Bitcoin, it seem to be reachable within this year. and by next year, bitcoin would hit 50000$ to 100000$, this is only my presumption and only based in my own observation.

What we could say about Fiat, it will stay for a while for daily use, specially for remote areas.  

[Ngewex Yuk]

Yes right, I'm sure if the price of 1 btc = $ 10,000 then the number of users will continue to increase and the fiat is worthless. this is what all countries feared banned bitcoin.

[Sand King]

I think fiat will never be worthless in this world, fiat money has a many purpose for all people and it is part of the daily need of all people, And even the bitcoin price will be $10,000 it will never means that fiat will be worthless, it is very nice if the bitcoin price will be $10,000, and i will very sure that there more people will try bitcoin if that will happen.

[cryptokitty]

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, it will not become worthless because bitcoin has its limited usage even if it reach $10000. Bitcoin price now is $7200 it can reach $10000 before this year end or maybe next year. Bitcoin price continue to increase but it is not yet accepted all over the world, so it means fiat will not become worthless as of this time.

[Harlot]

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, it will not become worthless because bitcoin has its limited usage even if it reach $10000. Bitcoin price now is $7200 it can reach $10000 before this year end or maybe next year. Bitcoin price continue to increase but it is not yet accepted all over the world, so it means fiat will not become worthless as of this time.

I have to agree with cryptokitty's statement here as the fiat currency having no value will also make Bitcoin and other cryptocurrencies valueless as their value is based on fiat currency. Even if Bitcoin is worth 7500$ and the value of 1$ is nothing Bitcoin will also be valueless. Nonetheless Fiat Currency is the legal tender of a country its value is based on the economy of a country, having Bitcoin reach 10,000$ will not affect the price of Fiat currency as it is not even a factor that can affect the its price.

[Sanitough]

Yes right, I'm sure if the price of 1 btc = $ 10,000 then the number of users will continue to increase and the fiat is worthless. this is what all countries feared banned bitcoin.

That would not be possible, if the users will increase that does not mean it will be majority of the world's population.
We are using fiat now and bitcoin is not that popular as fiat so this will take a longer period of time before they will adopt, but that would not change
the fact that fiat is more powerful that bitcoin and it will never be worthless.

[Jembut Ireng]

Yes right, I'm sure if the price of 1 btc = $ 10,000 then the number of users will continue to increase and the fiat is worthless. this is what all countries feared banned bitcoin.

That would not be possible, if the users will increase that does not mean it will be majority of the world's population.
We are using fiat now and bitcoin is not that popular as fiat so this will take a longer period of time before they will adopt, but that would not change
the fact that fiat is more powerful that bitcoin and it will never be worthless.

Yes true until the price of 1 btc = $ 1 million, then we still depend on fiat, because the fact is fiat is a legal currency that we can use for transactions and bitcoin there are still many limits to be used legally and directly.

[Farma]

soon the bitcoin price will be $ 10000 for 1 bitcoin. worth it or not be prepared, because it will happen soon, although I might predict it will happen next year, probably mid-2018. prepare the bitcoin you have.