Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
davinchi
on 22/11/2017, 11:09:53 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?

not fiat still has its own price, maybe the price will go down but not too much, because maybe fiat investors will turn to bitcoin investment, hopefully it could be the trigger of bitcoin price increase.
Fiat won’t become useless and there are various reasons for that. First you should know that lots of people, like about 98% of the world are not interested in Bitcoin and other investment platforms. There are even lots of people that don’t like Gold, I’m sure of that, despite Gold is the best and has been around for a long time, people still don’t show interest in it, and same thing is what’s happening to Bitcoin. By the way, Bitcoin is not a currency, it’s just a digital asset that’s meant for investment, that’s it.