Quote from: Potatohead on January 04, 2018, 04:14:57 PM

Quote from: virtualx on December 13, 2015, 10:25:39 AM

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.

I think threads like this serve really well to show how far the crypto community has come, if bitcoin has a price in fiat then fiat isn't worthless. It's amazing how people didn't realise such things. Even if bitcoin was worth $100m fiat would still have a worth.