Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
trickshot22
on 06/09/2016, 11:57:28 UTC
Yes, it could be worthless, but it would take time to achieve this... many people still will continue to use fiat money for many years, before that happen.
it wouldnt be worthless for sure, because then bitcoins wouldnt still replace all the money, first of all bitcoin should grow way more i think

i also think it wont be worthless, because the bitcoin price is not depend on the fiat value, so if it goes up to 10.000$ nothing will effected except the bitcoin user, we will be richer and more people will try to keep more coin, there wont be any effect on any country
I do agree with you bitcoin would only affect those people who has bitcoin, for the countries wont mean nothing as its something they dont use, sure some banks and countries could block the funds to know where they come, besides that nothing would really happen.
though countries should be starting accepting it because in my opinion tit is a wonderful technology that will make people good fortune