Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
kyanscadiel
on 21/11/2017, 01:06:37 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?
no, that's never going to happen. Even if the value of bitcoin rises to its higher peak fiat money will still be the legal currency and it's not going to be worthless. People uses fiat money almost everyday and not all establishments accepts bitcoin as payment so people still need cash for everyday living.