Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
hendra147
on 28/05/2016, 00:58:56 UTC
The chance is really low that it can reach that high value and you have to look at the value now and you see that it was stable for a long time so it needs a longer time to get a higher value.
So if that will happen than it will happen after some 10 years I think and not everyone have the patience for it.

10k usd is not a small amount and nor it can be achieved so easily, bitcoin surely has that potential to achieve it but no one knows when that time will come.
There is a possibility that it will happen because bitcoin is a revolution, with people going full digital in the future that will happen, fiat will only be use to limited transactions because mostly bitcoins are use.
to use bitcoin we must always be connected to the internet, while not everyone uses the Internet, so the user fiat will not be limited transactions. but bitcoin will only be used by people who understand the technology and are very active in online