Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
D05GTO
on 29/03/2017, 17:32:48 UTC
Much mlre votes for NO, and little contradiction how can bitcoin worth 10 000 dollars when dollar is worthless, how you imagine that to happen?
Fiat will be present for many more years, just some world revolution can end dollar domination, and bitcoin is good start for that revolution, but many more things has to be done to come to that.
It is not precisely a contradiction I think the OP meant that if bitcoin was worth 10k dollars then that will probably mean that the dollar is under hyperinflation but the truth is that bitcoin could reach that value by just reaching more adoption.

Anything is possible with bitcoins in future but to see that high price we have to wait for so many years and if it reaches there I don't think that people will stop using fiat as even at that time there will be many people who will not be aware about bitcoins.