Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
betohell
on 30/11/2016, 11:20:52 UTC
In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?

I don't think Fiat will ever  be out of circulation,bitcoin needs internet connection and a computer to run not all the people in this world have this two and not all corners of this world had an atm to withdraw bitcoin ,we still need fiat in our daily lives and it will not get out of our system.
what is clear is bitcoin will not likely have a price of $ 10k the first and the second is whatever the price bitcoin will not be able to make fiat become worthless, because without the fiat I believe bitcoin will not be valuable, and especially fiat in use by all countries in the world