it depends, I mean it depends on how much our fiat currencies are worth
like
1950s people earning $100 per month were like the kings, now earning $100 per month will not be acceptable. Also think about hyper Inflation in Germany
well I wish this never happens but it might be a possibility :)
The way they're printing fiat currencies, it's already begun, in fact inflation is one of the FED's publicly disclosed targets. The only reason it hasn't hit yet is because the money velocity is flat lining, because our economies are in deep water. But it will hit, you can't print X trillions of $ and not cause inflation. The yield curve of bonds is flattening out, this historically precedes a stock market crash. What I haven't determined yet is what impact this might have on cryptos. In the scenario of hyperinflation, yes the $ valuation will rise to keep up with the loss in value with fiat (thus meaningless in purchasing power) but it is a possible scenario that cryptos like precious metals will be seen as a safe harbour for funds, giving a boom to crypto. The less tied that crypto is to the mainstream banking economy, the higher it is likely to go.