Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
LegendaryMiner
on 20/11/2016, 17:04:13 UTC
I don't think that makes much sense. It is possible that Bitcoin reaches this value someday, but it will not make people stop using fiat. To gain more users, Bitcoin must first reach more people willing to sell goods and services for Bitcoins. In this way, there will be greater liquidity in the market, and over time Bitcoin will gain more stability. This will give more confidence for people to use Bitcoin as a currency.