Topic: If bitcoin will accepted worldwide for legal then price rising $100k?? (Read 1535 times)

well this is too much to handle when world wide adopt bitcoin as their legal currency maybe it will not only double the price it self maybe more than what you are expecting from it. as you can see if bitcoin can be use as a payment method by buying and paying some other bills etc. But in reality we had so called blind government that only wants fiat which they can easily benefit from people or others that can make them more rich what a greedy nonsense.

Im not saying that it would happen on which we arent that blind that government wont really be that letting things to happen on which it wouldnt be so shocking on that scenario.We are really just that assuming if ever
adoption scale would really be that on global aspect on which it cant really be that possible. Now that the price is heading almost 50k then we arent still on a bull run yet. We dont need that global adoption phase
for us to reach $100k in speaking of price. We can really be able to reach out those numbers without needing that thing but still we do know that adoption and recognition is really on the move
on which it is something that would really be inevitable to happen. Reaching out 100k would really be just that a piece of cake and something that could be achieve so easily
even if we are really just that approaching that mid-way bull run.

that's for sure, when the adoption of bitcoin increases then its value also increases, people will only see Bitcoin as something they have to have but the bad effect is that when adoption increases then Bitcoin fees also increase, just look at the current example, the ordinal protocol that rides in the bitcoin network, bitcoin transactions have increased sharply, as a result, there are many bitcoin transactions that have not been completed quickly, it is clear that if there is no best solution to make bitcoin fees more stable then the only people who will use bitcoin and also invest in bitcoin are people who have a good economy only, Bitcoin will become a very special asset, which can only be owned by a handful of people.  There is still a lot of speculation going on in Bitcoin, especially as adoption increases rapidly.

What about El Salvador (the first country who made it possible) and the other two countries who followed their foot steps? I'm sure they also have a currency which is a legal tender before they gave BTC the same status. They are a proof that it can also happen to the rest but we should be patient because it can take some time. They say that two is better than one.

So, if we already have alternative payment methods, then why can they just maximize their potential? Even them didn't kill the countries main currency so what is the difference of BTC? People will just use them equally or there will still be more people that will use the common/traditional ones.

If every single country out there said Yeah, Bitcoin's good with us, that would make a ton more people want some.  When more people want something but there's still only so much of it to go around, the price shoots up.  So if all at once billions more people could actually use Bitcoin for buying stuff it wouldn't shock me at all if one Bitcoin wound up costing way over 100 grand.  Might even hit a million bucks.  Hard to say for sure, but more demand equals higher prices.

It’s surprising how you still seem to miss the point too. OP is simply asking a question saying that if crypto is accepted in all counties, will the value be up to $100k. He isn’t saying that it’ll happen that way, he is just assuming it was the case. For even half the countries to accept bitcoin, it’ll be a lot, that’s totally known but what if Bitcoin somehow pulls through, do you think it’ll be worth up to $100k. That’s his question.

If this had to be equalized for all countries in terms of accepting Bitcoin like accepting other currencies in life, of course the threat would be the value of the fiat currency in each country itself. Even though Bitcoin does not aim to kill any country's currency, this could happen as a result of Bitcoin's increasing use and increasing trust by many people so that there is a possibility of experiencing major changes in its value or price. So I wouldn't assume it's the same for every country in their desire to accept Bitcoin (if that actually happens)

Like I mentioned earlier, I actually do not believe that all countries in the world will accept Bitcoin or cryptocurrencies at large. But the post if about ‘what if’. So the responses are tied to the assumption of Bitcoin being accepted by every country in the world. And like you agreed, $100k as the value of Bitcoin is small as it will likely be way more than that considering that it isn’t just a couple of countries or the top countries but every country including all big countries too. That would be massive ‘if’ it were to happen.

I don't imagine that bitcoin and other cryptocurrencies will reach global scale adoption levels easily any time soon. The government needs quite a long time to consider all aspects that could have an impact on its implementation, both negative and positive. So far governments have tended to think about how to compete with bitcoin and other cryptocurrencies with CBDCs, so they will think about the idea and roll it out.

Apart from government regulations that prohibit bitcoin as a legal means of payment, in some countries it is also necessary to consider many other factors before determining the legality of its use case. Bitcoin does not have a physical form like other currencies, Bitcoin also cannot guarantee that investors will not lose money and none of the users can guarantee that their money will never be lost if they lose access to their wallet. The government considers that to be a number of reasons, but it is not the main reason.

Bitcoin doesn't need global adoption to reach $100k, it just needs more trust from big investors to invest in it to get $100k in value. A halving could help bitcoin break $100k in the future, as could a spot bitcoin ETF.

Recognition and adoption might really be that still on the move but it doesnt mean that it would really be that applicable in most parts of the world on which there would really be those places on which they would really be banning or prohibiting Bitcoin or in overall cryptocurrency ideas. This is why it would really be that better that you shouldnt really be that too optimistic about global adoption scale because not all government of each country would really be having that kind of easy approach towards crypto on which we do even see up to this moment that there would really be those places on which they do make out some consideration and regulating it
but most of them are really that still on neutral or in between. They cant be sure whether they would be accepting it or not as of this moment and also we've seen into those countries who had completely ban
Bitcoin or crypto on circulating out into their country on which we know that it cant be completely get rid of it but having these prohibitions really do sucks as a crypto enthusiast living into that place.

$100k is really just that small if we do speak about global adoption scale into the sense that majority of country does share up on the same positive sentiment towards Bitcoin
then we cant really just that be able to see those digits or numbers but it would really be much more higher.

Everything that has to do with Bitcoin is quite obvious that things can be very good, because there is talk that it can reach $100k , but the most Positive in their Analysis may have said that it will reach more than $150k, which makes me It seems pretty good, that means that now everything that comes with bitcoin is favorable for us , those of us who have some debt exchange because that is Something that can benefit us, we are the people who have Emotions , which sometimes lets us get carried away by that , and the only thing that makes us human, the fact that we have many things to review in order to be successful is that, being human and doing things with love so that we all do well, some of us keep bitcoin and put it in Hodl mode, because I'm afraid the next increase could be bigger, to more than $100k.

The least believers do not Recommend leaving bitcoin because they say it will fall a lot, there will always be enemies and people who do not have a very good view of this , I Understand them, but it is something that is our decision, and our future.

But I don’t think OP meant Bitcoin being accepted as the default currency for all the countries. I think what he’s saying is that if all the countries can accept it as a legal means of making payment. So, people transacting in Bitcoin without any issue. But then, even if it’s that simple, I don’t think all the countries will eventually accept Bitcoin. There will always be stubborn countries who will just want to decline so they look different. But for a fact, I believe that as the day goes by, many countries will legalize and accept Bitcoin.

Talking possibility bitcoin will raise to $100k if accept as worldwide legal currency payment transaction likeyly not diffiuclt yet. Bitcoin has potential raise to higher price if many country not giants with Bitcoin as payment digital in the future.
But each country have own rule about legalize or not bitcoin as currency payment transaction because they still not believe with bitcoin impact in the future.
Personally wish bitcoin will get positive respond from all countries around the world and make bitcoin easily raise to $100k.

Bitcoin being legal globally will increase its price over 100k. Over even 500k. With the restrictions and hindrances Bitcoin is facing currency, they price is over $40k so imagine when it would be legal and acceptable everywhere.

Demand for Bitcoin increases the price so imagine if the demand for Bitcoin increases by a thousand percent. Lol. The price might even go above a million dollars.

I don't really think about things like this because it's kind of irrelevant. It's irrelevant because it's not going to happen. A few countries can make Bitcoin legal tender, but the whole world would never accept it.

You are right,  right now there are still restrictions from several countries, but Bitcoin is still able to move and continue to increase. Since the beginning of the year, it has been seen that Bitcoin is moving better.With a situation like the current one, it is certain that Bitcoin will be able to reach $100K, especially since the whole world has decided to legally accept it as a valid transaction tool. Of course, more and more people will use it, and Bitcoin turnover will be higher, resulting in the value of Bitcoin continuing to increase due to high demand.Hopefully, Bitcoin will become a legal tool that can be used like the US dollar because it is simpler and there is no intervention.

Yes, you are right, it is very unlikely that BTC will become a legal means of payment in all countries on this earth, including in my country, as mandated by the country's constitution that no other currency can be used as a medium of exchange other than the rupiah. Therefore, all types of currency other than rupiah are prohibited from being used, even if someone forces them to do so, they will be punished according to the regulations in my country.

but if it is intended for countries that do not have a strict constitutional message like in my country, it might happen, to be honest, this will be a big spike, but I really doubt that gas fees will be expensive and transaction congestion on the BTC network itself, so it won't would work effectively if only 50% of world transactions today used bitcoin.

It is highly imposible that all countries will adopt bitcoin as legal tender.
because every country already has a legal tender in the form of currency that is used as a means of payment.
If bitcoin is used as a legal tender, it can kill the country's local currency.

Bitcoins cannot be officially accepted as a mode of payment. This is because Bitcoins are limited or fixed in number. Hence this can consider as a finite asset. Yes you can trade the coins for something in return, but cannot use it as a mode of payment.
Now regarding OP’s concern, he is asking if it’s legalised as an asset, and have governments support, then what will be the scenario? According to me, it will lead to increase in demand to buy the coins and hence the price will go up.

Actually the overall price Fluctuations is due to supply and demand when there are large number of people buying bitcoin then price rise but when large number of individuals decide to sell their asset then it adversely effect the price of bitcoin. Previously people were not ready to buy bitcoin but now if they heard about halving so they are buying more bitcoin as a consequence of which the price of bitcoin get bigger and they will now buy bitcoin at larger price as compared to those who have bought bitcoin in 2022.



Some Government has stopped the use of bitcoin as they assume that it is used for illegal activities so if bitcoin transaction become banned then illegal activities will also be easily removed from one country. Without doubt it can be says that all people are not using it for illegal activities but few are doing it which put bad image on others too. May be there comes a time when each and every country start accepting bitcoin but till the date it is not an acceptable currency all over the world.

I personally believe that if Bitcoin was to be accepted by any country that its value will be way more than $100k. I mean look at where we are today: with all the restrictions, countries that are against Bitcoin, and all, yet we’ve still be able to hit $60k. In fact $100k is quite an understatement because the kind of traffic we would see would be really massive. Well, let’s get back to reality because that’s not happening; all the countries cannot have that same mentality at the same time.