Post
Topic
Board Bitcoin Discussion
Re: Chances of BTC surpassing the value of Fiat Money
by
davis196
on 04/12/2020, 07:00:57 UTC
Sorry if the topic sounds logically flawed I didn't dig much deeper into the financial fantasies of such.

I'm wondering what if one day Bitcoin goes so high up in value that it causes somewhat a fiat crisis? I mean imagine, you've Bitcoins but there isn't much cash available in the market to buy your BTC, or simply put people can't afford it? Will bitcoin be of any value then?

Such case scenario simply isn't possible.There's always enough fiat in the financial markets.Actually there's an abundance of cash.That's why cash is losing value(inflation) and that's why cash will become worthless some day in the future.
Bitcoin can be divided into millions of satoshi and doubt that people can't afford to buy even one satoshi. Grin
I'm not a Bitcoin maximalist and I don't believe that Bitcoin will ever reach some astronomical(to the moon) price of,let's say,a few million dollars per BTC.This won't happen due to the nature of Bitcoin and all the HODLers,who will decide to sell their BTC at some point,therefore creating selling pressure.