Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
kacak41
on 17/03/2016, 15:12:08 UTC
bitcoin will never be able to suck all the fiat money, they can just print more without problem

also fiat is already worthless, but you're obligated to use it for the majority of things

if you mean collapsed, i don't think so
yeah that's right.
I think fiat will survive in hundreds years and won't be worthless.

if bitcoin ever reach $10.000/bitcoin, fiat currency won't be worthless either as long as people convert bitcoin to fiat

Fiat will always survive especially in poor countries, where people don't have any idea about the digital world, they would prefer to use fiat for making purchases.