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

[Polar91]

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 strongly disagree with that argument or statement. Because as far as we can observe, there are still a large count of population in the world who does not recognize and do not know bitcoin yet and do still prefer using fiat rather cryptocurrencies. Not all people can easily handle and use bitcoin effectively so many are not still dependable into cryptocurrencies because fiat is still the most valuable thing for them. As for now, bitcoin has already reached the $8,000 mark but still fiat is worthy and that will be still worthy even bitcoin price pumps up to $10,000 because people still depend and rely their everyday living on it.

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[ultraminer11]

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 strongly disagree with that argument or statement. Because as far as we can observe, there are still a large count of population in the world who does not recognize and do not know bitcoin yet and do still prefer using fiat rather cryptocurrencies. Not all people can easily handle and use bitcoin effectively so many are not still dependable into cryptocurrencies because fiat is still the most valuable thing for them. As for now, bitcoin has already reached the $8,000 mark but still fiat is worthy and that will be still worthy even bitcoin price pumps up to $10,000 because people still depend and rely their everyday living on it.

None of the currency is dependable on any other currency because of their price value so if one currency will increase in value then it will not destroy any other currency. But it is the opportunities with a currency and the interest of people in a currency that establish a currency and dominate it on others. So the price alone cannot make fiat worthless.

[DarkIT]

of course fiat will still be in use. but, I feel that bitcoin will be the main character in making money, in comparison to finding fiat. but, of course fiat remains valuable and used. I feel that it can not be separated from society.

[MakLampir]

of course fiat will still be in use. but, I feel that bitcoin will be the main character in making money, in comparison to finding fiat. but, of course fiat remains valuable and used. I feel that it can not be separated from society.

that's true, although bitcoin is now a lot of users from around the world. fiat has been used for a long time by everyone. so someone will not leave the fiat.

[PrinceCaspian]

Even though bitcoin will not reach the price of $10,000 then fiat is already worthless because fiat is backed by nothing so it means that there is no real value of it and the government are the only reason why the bitcoin have its value and it is also worthless because the value of the fiat is getting lower and lower because of the inflation.

[davinchi]

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.

Fiat won’t become useless and there are various reasons for that. First you should know that lots of people, like about 98% of the world are not interested in Bitcoin and other investment platforms. There are even lots of people that don’t like Gold, I’m sure of that, despite Gold is the best and has been around for a long time, people still don’t show interest in it, and same thing is what’s happening to Bitcoin. By the way, Bitcoin is not a currency, it’s just a digital asset that’s meant for investment, that’s it.

[:wq]

If fiat becomes worthless, how do you intend to increase your position in bitcoin?

[Izarok]

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

Even if Bitcoin reach x amount it will never replace fiat currency usage. Though in a few years time the rise of cryptocurrency will bring about new are in transcation and market.

[doothewop]

Even if Bitcoin reach x amount it will never replace fiat currency usage. Though in a few years time the rise of cryptocurrency will bring about new are in transcation and market.

Nation-states are hugely dependent on their control of the money supply.

We can use other money, but eventually we have to get back into fiat.

[nightfury]

I don't agree with that even if bitcoin goes for hundreds of thousands worth because bitcoin and fiat are completely two different thing and fiat has advantage over bitcoin simply because you can not transact payment using bitcoin if you're offline.

[jonval21]

if the preces goes to 10.000  fiat still will exist for a lont time, and bitcoin will be use it for more and more people around the world.
what we will see is fiat decreasing in value and bitcoin increasing the value.

[dalat]

Whatever happen in this world cash will exist, it will never be worthless even if bitcoin price skyrocket. We all know that bitcoin is not supported by the government this is why bitcoin will never beat the cash.

[tranquanghuy]

 if Bitcoin price reaches $10000, Stiill fiat will be alive in the market.Even now in some countries, fiat price is very less but still it is used and it will be used for buying goods.

[BillCoin]

I think that it is a good choice to bump this thread now as we are getting closer to 10000$.

Do you think that fiat is about to get worthless?
I don't think so.
Bitcoin system hasn't become mainstream yet, and most of the people around the world doesn't know about it's existent.

I think that we have a long way to pass before we can declare that fiat is worthless./

[kobe24]

Fiat would still be here even bitcoin reach $10k or more fiat is a well known currency most people in different countries used fiat for their daily expenses so it's impossible fiat will be worthless.

[Gabz999]

Fiat would still be here even bitcoin reach $10k or more fiat is a well known currency most people in different countries used fiat for their daily expenses so it's impossible fiat will be worthless.

Yeah right ! Fiat will never be useless even if the bitcoin reaches high price. Many people is not using bitcoin to buy their daily needs, fiat is the only one they need.

[meldrio1]

bitcoin is almost reach $10,000 and we still using fiat so its not be worthless, virtual currencies needs more upgrade for fast transaction, very high secure, support from the government, maybe these will fiat be worthless.

[hartonosusilo]

With the present conditions about price of Bitcoin, i think the goal 10k will be easily to reach with Bitcoin but it will not damage the fiat's influence , both of them will develop side by side.

[mikeprimia]

Fiat would still be here even bitcoin reach $10k or more fiat is a well known currency most people in different countries used fiat for their daily expenses so it's impossible fiat will be worthless.

Yeah right ! Fiat will never be useless even if the bitcoin reaches high price. Many people is not using bitcoin to buy their daily needs, fiat is the only one they need.

Bitcoin can't do the most purposes of fiat. Fiats are using for daily payment in real life, Bitcoin still can't solve that mission so i think the fiats are still be okay if even Bitcoin reaches to 20k in the future.

[sudeepsinha]

No way fiat is going to be useless.It is too cocky to assume something like that yet

Yeah , it's impossible for fiats to become useless for real. It's really a big change that couldn't happen.