maybe yes.
if bitcoin hit $10.000, maybe we must pay $100 for a cup of coffe
in this case with 1
BTC ($100.000) we can't buy home
Fiat will automaticaly worthless because of it's inflation, just wait until government print a lot of fiat. Probably the nominal is increase but the value is the same. I think bitcoin need to be used directly to make fiat worthless.
The USD has lost 95% of its value since 1913, but that hasn't made it worthless. In fact, even though that statistic is brandies about as evidence of how unstable the dollar is, or as evidence of how "evil" the fed is, the US economy is stable and inflation is reasonable. You have to use 100 year time periods to see the "drastic" devaluation cited, but nobody generally lives long enough to lose such a significant portion of their savings to inflation
There are three kinds of lies - lies, damned lies, and statistics
When someone says that the dollar has lost 95% of its value since 1913, this figure looks mind-boggling of course, but we should compare it with the income that might have been earned on this dollar. Since this is the American dollar, we should take the American bonds as the yardstick which have the same risk as the dollar itself since they are issued by the same US government. Since we are talking about long terms, we should obviously take the longest term US bonds, say, 10 or 30 year
bonds, and when we calculate their income with interest compounded, we will see that bonds, which are basically the same dollars with interest paid on them, would well outperform inflation of the dollar as such
