Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
dezoel
on 04/10/2016, 10:40:51 UTC
Quote from: Zadicar on October 04, 2016, 10:36:28 AM
Quote from: coynedterm on October 04, 2016, 06:40:52 AM
Quote from: virtualx on December 13, 2015, 10:25:39 AM
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
yes , because with this price everyone who are in bitcoin work or earning program , everyone will get the same profit or loss . if the bitcoin price will increase upto $10k then there will be absolutely fiat currency will worthless .

It wont happen even how high  on the price of  bitcoin  because the value  itself  would  depend on fiat and   there no way that it would   be useless even  bitcoin would soar high.  Bitcoin wont be  a   competitor  on fiat because  fiat is  so vast and  well established and been used  already  on many centuries.
Yes and fiat will always exist no matter how higher price bitcoin achieves in future as there are many people who will prefer to use only fiat and won't bother about bitcoins.