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

[PMmesexycoins]

If btc is widely accepted, governments would be losing power, and people dependent on fiat, which is almost everyone, would be losing purchasing power. It might not be too noticeable at that point yet, but, when it comes to money, if one side gains the other inevitably losses.

On the other hand, if it stays mostly as an asset people speculate on, like now, not much would be different even at a much higher price.

[KingsparK]

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.

Yeah it is going to happen soon because now the bitcoin value and the price is increasing and it is the reason the demand of the bitcoin will also help a lot of the people it is the need of the time and I hope the bitcoin will be the fiat supporter in the coming age and the time, I hope the bitcoin will have the right value now. And the other currency will go out of the world just in the very short time now.

[bitgov]

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

hehe Thread opened in December 2015. Even thinking at this time that Bitcoin price will reach $10k was kind of abstraction And today we are little step from 10000 USD per 1 BTC. As we can see in fiat world actually nothing happened. I'm sure that Bitcoin can coexist with fiat money in financial system around the world.

[Doell]

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

hehe Thread opened in December 2015. Even thinking at this time that Bitcoin price will reach $10k was kind of abstraction And today we are little step from 10000 USD per 1 BTC. As we can see in fiat world actually nothing happened. I'm sure that Bitcoin can coexist with fiat money in financial system around the world.

you need to know by my friend in 2012 bitcoin has been predicted by some smart people in reading the charts of bitcoin ,and they say reach $10,000 and this is coming soon well this will come soon ,it's now $8100 how the continuation after this tomorrow continues to see the moonlight in the middle of the symbol of bitcoin ,cool but fiat money still exist remains valuable until end of the time

[megynacuna]

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

hehe Thread opened in December 2015. Even thinking at this time that Bitcoin price will reach $10k was kind of abstraction And today we are little step from 10000 USD per 1 BTC. As we can see in fiat world actually nothing happened. I'm sure that Bitcoin can coexist with fiat money in financial system around the world.

you need to know by my friend in 2012 bitcoin has been predicted by some smart people in reading the charts of bitcoin ,and they say reach $10,000 and this is coming soon well this will come soon ,it's now $8100 how the continuation after this tomorrow continues to see the moonlight in the middle of the symbol of bitcoin ,cool but fiat money still exist remains valuable until end of the time

It is believable at this stage as bitcoin climbs really well past almost $ 8.300, it makes 10k$ within reach and i think if this continues maybe bu]y next month with all the x mas shopping and the demand  for payments here and there bitcoin will reach 10k% somehow.

[kyanscadiel]

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, that's never going to happen. Even if the value of bitcoin rises to its higher peak fiat money will still be the legal currency and it's not going to be worthless. People uses fiat money almost everyday and not all establishments accepts bitcoin as payment so people still need cash for everyday living.

[sumangs]

No, because there are still services that doesn't offer bitcoin as payment. The bitcoin needs to be develop and the access on internet must be apply to all people. Also the fiat will not be dump since the government needs a way to tax people.

[STT]

I was reading about self made billionaires behind the payment systems that Apple use and it seems relevant to the worth and propagation of bitcoin.     There are far more services and products sold without bitcoin then any enabled by crypto and if everything was available by crypto it would actually pose a problem.     Crypto lacks the systems that Fiat and online companies use to make payment easy, cheap and secure to process.

So it continues to be the case that even with a 10,000 price, the utility of Fiat currencies is not easily in reach of Bitcoin at least.  Maybe a different or sidechain to bitcoin, hopefully protocols continue to adapt and no one sees a price tag as success.

[nguli]

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

not fiat still has its own price, maybe the price will go down but not too much, because maybe fiat investors will turn to bitcoin investment, hopefully it could be the trigger of bitcoin price increase.

[King Sastro]

Bitcoin and fiat are different things, I'm not sure any bitcoin prices can make a big impact on fiat, this is because the state protects fiat fully and will certainly do everything possible to make the fiat can last.

[Bertoman]

Fiat money will not affect me if bitcoins have increased by $ 10,000. Because it was first necessary for the people to receive it. use with simple transacation. And there we see the coverage of bitcoins in our fiat moneys

[scarecrow2096]

Bitcoin or fiats have their own missions and goals , so i think they won't destroy each other.

[Dannaey]

The phrase is too vague. What do you mean by fiat will be worthless if Bitcoin reaches $10,000? If you mean that it will replace fiat, I don't think that would happen that easy. Government wouldn't allow that because they do not want something that they cannot control. And most of the people are still not into the stage of adoption of Bitcoin.

[Semar Mesem]

May be a useless fiat, which is why it is easier to bitcoin transactions than fiat, but without strong support from all parties it will be difficult for bitcoin to replace fiat.

[Zinacrypto]

FIAT will still be useful because the government prefer fiat and they are in charge of the currency. they determine the growth and they can easily trace any transactions and nail down fraudsters

[freedomgo]

FIAT will still be useful because the government prefer fiat and they are in charge of the currency. they determine the growth and they can easily trace any transactions and nail down fraudsters

The problem with the government is it still controlled by people, so we cannot expect that they are transparent unlike a decentralized system.
Bitcoin will become more popular because the real transparency can be seen when we are using the blockchain and no one can delete and undo the transaction.

[gabmen]

FIAT will still be useful because the government prefer fiat and they are in charge of the currency. they determine the growth and they can easily trace any transactions and nail down fraudsters

The problem with the government is it still controlled by people, so we cannot expect that they are transparent unlike a decentralized system.
Bitcoin will become more popular because the real transparency can be seen when we are using the blockchain and no one can delete and undo the transaction.

We're almost at armsreach of that 10k target this year and fiat's not even flinching. That goes to show that fiat doesn't mind bitcoin and crypto. Whatever happens to.bitcoin, fiat will be fiat and unless majority of the people will have the means to transact digitally, its not going to lose value

[GrayFullbuster]

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 don't agree to your statement! Fiat currency will never be worthless! If you will observe our society, there is always a transaction that are using fiat currency. Even the bitcoin reach $50,000 per each, I believe that fiat currency will not become worthless.

[slashz9]

if bitcoin reaches 10.000 USD maybe I think monet fiat is still valid, for example you buy cigarettes or other daily goods, of course we do not have to use bitcoin for transactions we still need fiat money

[Sled]

if bitcoin reaches 10.000 USD maybe I think monet fiat is still valid, for example you buy cigarettes or other daily goods, of course we do not have to use bitcoin for transactions we still need fiat money

That is right, fiat money will stay here in our world and it will not become worthless because it is still worth it to just use fiat money in doing basic purchases or stuffs that we usually do in our life like buying small things like food, clothes and basic needs. Bitcoin is more on being an investment and it is a must to have if you want to become rich someday.