Post
Topic
Board Economics
Re: If bitcoin price is $10.000, will fiat be worthless?
by
Potatohead
on 04/01/2018, 16:14:57 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?

Well guess what, it just reached $20,000 ATH recently and went down a little. Fiat money didn't become worthless. Fiat money will still survive because bitcoin is not yet widely accepted by some country, even other countries banned it because they are scared that bitcoin would lessen the amount of income tax they would get.