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

[vasrasus]

I think fiat will be worthless after mass adoption is already happening. Even bitcoin reached $10k or more than that, it's still useless if we can't make people use bitcoin in their everyday lives and fiat will still dominate the money system.

If that mass adaption will have many establishment built for accessing and accepting bitcoin, for buying it and for making it grew then, fiat might really not needed providing that the internet connection is well fixed or it can access offline then it's possible, if not then, i doubt it.

[mistanama]

It looks like you still need to learn more. The 10,000 $ value is Not enough Even though it's worth more than a million dollars. The need to change before the fiat money is worthless is the Payment method. Everyone needs to accept bitcoins. And I think it's a long time to be happened.

[googol.star]

Of course not. It's not like the United States government is going to start doing things in Bitcoin. Or people are going to start refusing dollars because they are not bitcoin.

For regular people, if they can't use the $50 in their pocket to buy food because of Bitcoin, they would hate Bitcoin, and thus it would be very unpopular.

I mean that's how I see it, I could be wrong.

[Janademir4]

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, bitcoin will never replace the money as a whole, however the cost of bitcoin will not replace its position

[appleffi]

My answer is No, I don't think bticoin value has an effect on fiat being worthless simply because these two have different system though they focus on the same target people. Also, if the bitcoin price  reaches to the point where its value is $10k then I think bitcoin can be consider as a direct medium for transaction next to fiat but none of this would be called as worthless for they value much to the people who still holds that.

[Kemarit]

We are almost going to hit $10000 this year and I don't think that fiat will be useless. And I don't think that it will be useless not in the next 100 years. If you mean that there will be cashless society, then I believed in will in the future. But fiat being worthless? don't think so. And for those thinking that bitcoin will replace fiat, it can't and won't be. As long as there are Central Banks around the world, fiat will also exist. Do you think that each nations will just eliminate their own Central Banks? The answer is NO.

[potatocorner]

Of course not. How would you use your bitcoin if there is no fiat? Many users here convert their earned bitcoins into fiat for it to be useful for them. Fiat is essential in earning bitcoin because how do we know that bitcoin's price became higher; none other than our currencies also. We cannot say fiat is useless because if we say that, then we also say bitcoin is useless. Think about it carefully.

[futile-resistance]

Even if bitcoin will reach $10000 or more fiat will not become  worthless. Because fiat is part of our daily life

For sure the bitcoin is getting high and the price of the bitcoin is also very high so I can say yes the bitcoin price and the value will be high I can say the increase of the bitcoin is the best thing and the chance of the bitcoin is now getting wide as it is the being use by the people for the long time as I know the bitcoin is getting high and the people will trust the bitcoin and will give you the best future.

[ricardobs]

Fiat not yet been worthless even though bitcoin has hit $10K. Because, compared to currency in Asia still has higher capitalization than btc. Bitcoin and fiat are on different platforms. So that's not very influential.

Yes that’s true, if it was considered like that, then Gold would have replaced Fiat a long time ago because it was the first ever, and is also worth more than Fiat.If you’re saying that Bitcoin will replace Fiat due to it is having more value more than Fiat, then you know nothing about currencies and how they work.

Bitcoin is a stock, and stocks are meant to be more costly than real currencies, that’s what makes them different, just like Gold. Secondly, Bitcoin has just a number of 21 million, so it can’t replace Fiat. Well, no need to say that, whether limited number or not, it still can never be used in place of Fiat.

[restuibu]

I agree that the fiat can not be replaced by bitcoin which is only worth $ 10000 because the fiat has been used all over the world and I think bitcoin will still be an interesting investment but will not replace the fiat

[2bfree]

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

Well depends does BTC have aircraft cariers and nukes to force people to use it?

[vaughn125]

We are almost going to hit $10000 this year and I don't think that fiat will be useless. And I don't think that it will be useless not in the next 100 years. If you mean that there will be cashless society, then I believed in will in the future. But fiat being worthless? don't think so. And for those thinking that bitcoin will replace fiat, it can't and won't be. As long as there are Central Banks around the world, fiat will also exist. Do you think that each nations will just eliminate their own Central Banks? The answer is NO.

Yeap, i totally agree with you man. There is really no way that any cryoto currency that can literally make fiat useless. Not anywhere hnear these years. Although if there would be, only bitcoin can pull it off. But certainly not yet. But if op meamt that it would happen in the far future, then i wipl agree with him. Because something like this is really bound to happen. No doubt about that. Fiat is something we cannot live without yet. Specially in countries like mine that still lack number of internet connections in remote areas. We still need to solve these type of problems first before we can talk about getting rid of fiat. Itlself.

[samputin]

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 dis agree with that..though bitcoin hit the value of 10k$ but it doesnt mean it can conquer all the fiat. It is just because  today bitcoin usage is limited specially in the 3rd world country. Fiat is more usable in all things in the world though its value become worthless.
Bitcoin nowadays is become more powerful than fiat but I believe that it will never happen that it will replace the fiat.

[anjho.ace]

no! were not yet ready we shoiuld do the thing we must! once the ebitcoin can be access through offline well thats the timme.. bitcoin is forever but we need development!

[CapKirk]

10k is just a small step on a very long route that we're gonna pass in a blink of an eye this year:)

[PORN_coin]

this is a very likely development of events

but what will happen next is not clear
The horizon of events lacks to predict this
hence the conclusion must be fixed

[NewBet]

We are almost going to hit $10000 this year and I don't think that fiat will be useless. And I don't think that it will be useless not in the next 100 years. If you mean that there will be cashless society, then I believed in will in the future. But fiat being worthless? don't think so. And for those thinking that bitcoin will replace fiat, it can't and won't be. As long as there are Central Banks around the world, fiat will also exist. Do you think that each nations will just eliminate their own Central Banks? The answer is NO.

Yeap, i totally agree with you man. There is really no way that any cryoto currency that can literally make fiat useless. Not anywhere hnear these years. Although if there would be, only bitcoin can pull it off. But certainly not yet. But if op meamt that it would happen in the far future, then i wipl agree with him. Because something like this is really bound to happen. No doubt about that. Fiat is something we cannot live without yet. Specially in countries like mine that still lack number of internet connections in remote areas. We still need to solve these type of problems first before we can talk about getting rid of fiat. Itlself.

Yeahhh OP should say $100,000 and not $10,000. At $100,000 per Bitcoin the market cap will be over a trillion dollars (still no where near gold even), but then this conversation will hold more weight. Realistically, even at a million per Bitcoin it won't destroy the dollar, because Bitcoin is always being lost every day. The price needs to go far higher than a million and I suspect it will because of the deflationary aspect of it... people are too used to inflation and can't wrap their heads around deflation make the price of BTC always go up over time, instead of how the fiat currencies of today always go down.

[Astvile]

I think not. Fiat will not be worthless even if bitcoin will reach $10k. fiat's value si more stable than bitcoin. knowing that bitcoin jsnstill young,  it can be affected by some news and other psychological influences that can change the mind of a person not to believe in bitcoin. by all means, fiat will still be used my majority because we all know not all people has an access to internet.

[Daektum]

I don't think so, many countries is still lacking in technology especially in third world countries.
They don't even know what bitcoin is. And to be frank i'm living in an urbanized place where I think 3/4 of people here doesn't know what bitcoin is. I'm from PH.

In addition, FIAT money is controlled by the government. The government is everywhere. Thus, fiat money wont be worthless because it's the way they earn

[Semaj123]

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

It's impossible that fiat would be worthless because its been used for decades and it is also controlled by government so even if btc price will be at $1million still fiat will not be worthless. What you just read are all just speculation to make btc be more exposed.