Post
Topic
Board Bitcoin Discussion
Re: Chances of BTC surpassing the value of Fiat Money
by
kemoglo
on 05/12/2020, 00:22:12 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?

WOuldn't this fall under price speculation? Anyway, I don't know, the global FIAT market cap is far too high, would it be nice? Yes, but also I wouldn't bet on it. Though I do think that current BTC is far undervalued, I honestly have no idea how far up it'll go, and anyone telling you otherwise might not "know" for sure, and just believes it'll go that far up.

But again, it would be pretty awesome.