if bitcoin market cap overtakes the total market cap of fiat.

[jackg]

Im not sure if this has been asked before, but what happens if the market cap of Bitcoin is overtaken by the total market cap of fiat.
This could potentially happen (though it is unlikely).

If this has been asked before, feel free to say below. This is self moderated to cut down on spam.

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[Dafar]

I would be extremely rich 

[Paashaas]

$5.700.000 per coin.. i dont see that happening but 1-10% of m2 is a more realistic goal. You woud not become uber rich but very wealthy if Bitcoin takes off...uhmm 10% is still $570.000!

[xIIImaL]

Im not sure if this has been asked before, but what happens if the market cap of Bitcoin is overtaken by the total market cap of fiat.
This could potentially happen (though it is unlikely).

If this has been asked before, feel free to say below. This is self moderated to cut down on spam.

I am sure it would happen in future and I don't think so now. Bitcoin potential rise bigger than gold nowadays but this will need some time to have best and stable price value of the bitcoin.

[The Sceptical Chymist]

This sounds like all those people on the gold & silver forums:  "If everyone buys only 10 ounces of silver, there won't be any left and the price will skyrocket!!".  If my grandma had tires, she'd be a motorcycle.   Keep dreaming.

[windale]

marketcap fiat pair only with bitcoin, so all market cap total fiat money
is same market bitcoin too and bitcoin still plus pair altcoin, all altcoin is in trade exchanger only pair with bitcoin
because altcoin low trust only litecoin and ethreum is ready pair with fiat money because big community

[MingLee]

Im not sure if this has been asked before, but what happens if the market cap of Bitcoin is overtaken by the total market cap of fiat.
This could potentially happen (though it is unlikely).

If this has been asked before, feel free to say below. This is self moderated to cut down on spam.

It is HIGHLY unlikely that Bitcoin would be able to break the entire market cap of fiat (mostly because you eventually reach a point where all the fiat is absorbed and the market cap can't really go any higher by definition), however if it did it is more than likely that Bitcoin would now be the primary currency globally, most people would own it and have their savings in it, and the average person who currently holds Bitcoin like you or me would be borderline millionaires. There would be so much money at stake and available that people would more than likely be killing to get their hands on Bitcoin.

[crytoboost]

$5.700.000 per coin.. i dont see that happening but 1-10% of m2 is a more realistic goal. You woud not become uber rich but very wealthy if Bitcoin takes off...uhmm 10% is still $570.000!

That is wonderful analysis so if bitcoin would achieve to 10% of m2 than I would be millionaire for sure, I think 1 - 10% is more realistic and I wish too this would happen in very few years than so many bitcoin lovers will start enjoying wealthier life.

[amacar2]

If this is well calculated pie diagram, than if bitcoin get 1% of total fiat marketcap which is quite likely to happen in less than a decade period in future. This is very good news and the one who still invest in bitcoin these days could be considered as early adopters when bitcoin get to that level.  

[Ayers]

bitcoin just need to be 1% of marketcap of gold to be huge, just do the math 1% is like 700B lol, everyone would be rich at that point, even those holding 1BTC, it would be fabulous to wake one day and see bitcoin reaching enormous price, and not only a dream, would make bitcoin a true currency like it deserve to be already

[Kprawn]

It's not totally unlikely that one or two smaller countries might accept Bitcoin as their currency, in cases where their currency perform poorly. We

have seen countries like Zimbabwe accepting other currencies like the Rand and the US Dollar to protect their economy from failing. The economic

situation in most countries are very unstable, so it might just happen. I would doubt that all of them, would convert to BTC though.. they just love

the fiat currencies they can manipulate. 

[Denker]

bitcoin just need to be 1% of marketcap of gold to be huge, just do the math 1% is like 700B lol, everyone would be rich at that point, even those holding 1BTC, it would be fabulous to wake one day and see bitcoin reaching enormous price, and not only a dream, would make bitcoin a true currency like it deserve to be already

The actual gold market cap is about $7.8trillion!
1% is $78billion!
Let's assume 1 million coins are lost and divide that cap with a supply of 20million BTC.
One coin would be worth ~$4000!
That's far away from being rich as the majority of us is definitely not owning 250 coins or more.

[Meuh6879]

but what happens if the market cap of Bitcoin is overtaken by the total market cap of fiat.

Only 1% is enough ... now.

https://bitcointalk.org/index.php?topic=1489139.msg15495626#msg15495626

world money supply 80 000 000 000 000

approximately 67000 $ per bitcoin, even if only 1% of it moves into bitcoin

NOW, total world debt is 200 000 000 000 000, and in case of a fiat currency breakdown, this debt has to be converted into money (so called monetization of debt; typically done as part of a monetary reform).

----> theoretical potential of up to $1.6 million per Bitcoin

Naturally not all money will move into Bitcoin but it is a clear thing, that 10 000 or even 50 000 are a nobrainer, and fiat money (and debt) is exponentially growing

http://money.visualcapitalist.com/

[welligon]

It is unlikely because the total bitcoin that you can mine is only 21 million.

[European Central Bank]

fiat doesn't have a market cap does it? it's the amount of actual money. bitcoin's market cap is decided by a few buys and sells of a tiny fraction of the total number of coins.

[ktabb]

Im not sure if this has been asked before, but what happens if the market cap of Bitcoin is overtaken by the total market cap of fiat.
This could potentially happen (though it is unlikely).

If this has been asked before, feel free to say below. This is self moderated to cut down on spam.

Bitcoin has a market cap of something like $35 billion right now. Fiat is somewhere in the many, many trillions. Bitcoin is not even remotely close to surpassing fiat, but I don't think anything magical would happen if it does some day. There will be some articles in the news about it but crypto market cap exceeding fiat won't have a specific effect on the economy in and of itself.

If this does happen, I think it won't be for another 15+ years. There would be a lot of hurdles to getting that much money invested in crypto.

[n0ne]

Market capital of fiat is very big, that it cannot be reached that easy in a short time frame of around 9 years. Fiat is spread all around and to overcome the capital of fiat bitcoin need to reach unrealistic value and hard oppositions can be expected from Countries, because they cannot have control over the country's economy.

[Schuyler]

As long as the governments are backing fiat, there is no way that bitcoin’s market cap is going to be bigger. The moment the fiat loses value and something replaces it, bitcoin might long have been gone into obsolescence and something else might have come out which has wider acceptability. When that time comes is something I am unsure about, if it comes at all.

[freebutcaged]

It means Satoshi will have a few heart attacks, this is not possible not even in the future, remember people are the ones

Living their lives with fiat and they seem happy enough not to let it go, unfortunately governments around the world are

Free to print covertly-overtly as they see fit, honestly I can't see Bitcoin anything more than the alternative decentralized

Currency, I can see price rising above $50,000 in 10 years from now but replacing fiat? because overtaking the fiat market

Share means replacing it, that is unlikely.

[Qartada]

...Then nothing would happen.

By the time that Bitcoin "overtook" the market cap of fiat we would no longer be looking at the fiat price of Bitcoin because fiat would be worthless.  We would be looking at the Bitcoin value of the fiat garbage that governments pump out, if they even continued to bother.

Plus, the market cap of Bitcoin could actually overtake fiat well before it's used more.  All it would require is some scarcity on exchanges making pumps too easy.

Then people would finally realise how worthless the measure of market cap actually is.