We don't know how much interest in individual adoption there is in the entire human population. However global regulation won't legalize simultaneously.
The highest total crypto market cap ever recorded is 2.9 trillion where bitcoin dominates at over 40% and manages to score $68k ATH history.
My only thought for taking bitcoin at $200k post-global adoption is when it maintains or increases market cap dominance than it has any subsequent ATH.
Topic: If bitcoin will accepted worldwide for legal then price rising $100k?? - page 10. (Read 1530 times)
July 06, 2023, 08:22:15 PM
July 06, 2023, 07:10:03 PM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
Hmm I don't think so. Probably the people who won't use Bitcoin (or invest/buy it) with reasons being it illegal are rather on the minority, most of them woul probably be people who don't know what Bitcoin is or why does it's usecase even prove to be possible in the first place. Sure, adoption may increase after it's legally announced, but I doubt there'd be a lot, to the point that it can push the price t o $100k. what is your opinion about this?
Which isn't to say it isn't going to reach it (I'm hoping after all), just that a legal announcement about it wouldn't be the primary cause if it does so happen.
July 06, 2023, 06:49:35 PM
$100k isn't a high target, Bitcoin can reach it through its usual bull runs. In fact $100k would be only 50% higher than the current ATH, which is in line with the trend of decreasing relative growth rate: 1.3k to 20k to 69k.
But expecting that suddenly all countries in the world will make Bitcoin a legal tender is unrealistic. Countries won't do it if they won't see benefits. And what is the benefit of adopting an unstable and uncontrollable currency from a point of view of a government?
But expecting that suddenly all countries in the world will make Bitcoin a legal tender is unrealistic. Countries won't do it if they won't see benefits. And what is the benefit of adopting an unstable and uncontrollable currency from a point of view of a government?
July 06, 2023, 06:25:48 PM
What do you mean legal in terms of all transactions in various countries using bitcoin? Then what about the fate of fiat?
I believe even if bitcoin is still illegal in some countries the price of bitcoin will definitely touch $100K maybe at the next ATH without thinking about other mass adoption I am very optimistic about that price.
Increasingly of course the price of bitcoin will increase due to increased demand, but again I don't think whole country adoption is imminent, this is no one knows about that.
I believe even if bitcoin is still illegal in some countries the price of bitcoin will definitely touch $100K maybe at the next ATH without thinking about other mass adoption I am very optimistic about that price.
Increasingly of course the price of bitcoin will increase due to increased demand, but again I don't think whole country adoption is imminent, this is no one knows about that.
July 06, 2023, 06:23:23 PM
what is your opinion about this?
In view of the law of supply and demand, if the demand is fixed and the supply keeps on filing up then it is obvious that the price will go down, the same way when the supply is fixed and the demand keeps on coming in, the price will go up. Since there are lot of incoming demand, it is normal for a market situation like this, the people will compete with each other to acquire what they wanted by engaging with price offer competition. They will outbid each other which will surely lead to a price surge.
so I think it is a no-brainer to say that Bitcoin will definitely increase in price and can even surpass $100k if the adoption goes extreme.
July 06, 2023, 06:12:56 PM
When bitcoin has reached such a level of adoption, rest assured that its price volatility will not be as great as it is today.
Volatility is down, prices will tend to stabilize and maybe we can no longer expect a higher ATH than the previous ATH. Even if this is my assumption, but just imagine if bitcoin really has high price volatility once global adoption has been achieved, wouldn't that bother a lot of things?
This will be Bitcoin's last rocket and there will be no more rockets that can take Bitcoin to an ATH beyond $100k. Volatility is down, prices will tend to stabilize and maybe we can no longer expect a higher ATH than the previous ATH. Even if this is my assumption, but just imagine if bitcoin really has high price volatility once global adoption has been achieved, wouldn't that bother a lot of things?
Assuming it still takes a long time to reach full adoption by every country, it won't be easy and some countries will stick to their principles and rules about the use of cryptocurrencies.
Bitcoin's high volatility is the most unique and will benefit traders, if there is no more volatility what will be expected from Bitcoin other than its technology?
Certainly, the current position of Bitcoin is still a good position for those who can take advantage of it, and will be bad for those who do not understand.
July 06, 2023, 01:22:00 PM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
what is your opinion about this?
When bitcoin has reached such a level of adoption, rest assured that its price volatility will not be as great as it is today.
Volatility is down, prices will tend to stabilize and maybe we can no longer expect a higher ATH than the previous ATH. Even if this is my assumption, but just imagine if bitcoin really has high price volatility once global adoption has been achieved, wouldn't that bother a lot of things?
July 06, 2023, 12:20:30 PM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
Not only 100k but even higher there are saying that bitcoin will run up to million dollars if adoption happens and if the world starts trusting this not only for investing but for the daily use.what is your opinion about this?
imagine how fast transaction could be and how much time will be saving and also the safer for security?
and with the amount of bitcoin available yes sure we will rich so high that what others could ever expect .
However, if it gets to a worldwide more accepted or basically more adopted method and a lot of people start using it then 100k is not a big number and should be done easily. I know that it will take some time, but this is a guess and prediction game and I can say that 100k would be very little compared to what we are talking about here as well, I agree with that.
July 06, 2023, 12:05:05 PM
There are about 10 billion citizens around the year, and if Bitcoin is adopted and a legal framework is established that is binding it globally, and let us assume that half of the population used it, we are talking about 5 billion people, and if the investment of each one was about 10 thousand dollars, then we are talking about 50 trillion dollars.
For bitcoin to reach a market capacity of about 50 trillion, this means that the value of each bitcoin is approximately 3 million dollars, then the value of the dollar will not necessarily be at the same current value due to the loss of the dollar market capacity of 50 trillion.
Bitcoin will reach a price of $100,000 even before several countries consider making it legal tender.
For bitcoin to reach a market capacity of about 50 trillion, this means that the value of each bitcoin is approximately 3 million dollars, then the value of the dollar will not necessarily be at the same current value due to the loss of the dollar market capacity of 50 trillion.
Bitcoin will reach a price of $100,000 even before several countries consider making it legal tender.
July 06, 2023, 10:13:33 AM
That will make Bitcoin even more popular and make everyone want to learn about Bitcoin. But that doesn't mean it will make the Bitcoin price go up $100k because, after the next halving, the Bitcoin price could go up to $100k and even higher.
We have seen what happened in the last ATH, where many countries still have not approved and accepted Bitcoin legally. But the increase in the price of Bitcoin may have something to do with the legal acceptance of Bitcoin because it means that people can use Bitcoin more freely. After all, the government has supported it.
But to see Bitcoin being accepted by all countries may take more time. We can only wait while still trying to own more Bitcoins.
We have seen what happened in the last ATH, where many countries still have not approved and accepted Bitcoin legally. But the increase in the price of Bitcoin may have something to do with the legal acceptance of Bitcoin because it means that people can use Bitcoin more freely. After all, the government has supported it.
But to see Bitcoin being accepted by all countries may take more time. We can only wait while still trying to own more Bitcoins.
July 06, 2023, 09:43:06 AM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
Broadly speaking I agree with your opinion, because if bitcoin is accepted by all countries in the world, it is certain that there will be more and more bitcoin investors and the price of bitcoin will definitely increase. Because even though bitcoin users around the world are still not at 100%, but bitcoin is famous everywhere and the market price is also very high. With the bitcoin price being so high to date, it has all been achieved with less than 20% of users, of the entire human population using the internet in this world. So you can imagine if all internet users in this world invest in bitcoin. The price is definitely going to skyrocket and I think it could go over the $100k mark. So actually the current bitcoin price is still quite far from the maximum, if you look at it from the point of view of all internet users in the world.what is your opinion about this?
Apart from that, if bitcoin has been accepted and legalized by all countries, in terms of usability, it will definitely extend to various aspects. Maybe you could say there will be more payment transactions that can use bitcoin. And bitcoin at that time will probably become a very valuable and desired asset by more people.
July 06, 2023, 09:42:25 AM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
For the use of Bitcoin in various fields it can indeed increase and that is not only when Bitcoin is legally accepted in all countries, but for now Bitcoin is almost accepted in all fields within certain countries. but how do you know that it can trigger the addition of a large number of investors? Because from what is seen now, there are also not a few investors in the crypto space who especially like Bitcoin, so the addition of investors when Bitcoin is legally accepted in all countries I don't think will be felt or seen either. what is your opinion about this?
July 06, 2023, 09:26:23 AM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
what is your opinion about this?
I think your scenario has a great deal of hurdles, but maybe in 10-15 years it could possibly be reality, although I myself doubt it. However, surely your scenario would cause a massive price increase which would likely act as a feedback loop. I don’t see any way so many people could be using BTC unless the price were well into the millions per coin.
July 06, 2023, 08:51:58 AM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
I think if such kind of things happen then 100k will be small target for BTC we can expect more bigger price of BTC as because there will be around 4.2 billion people with a age of 20 to 60 who can expect to adopt Bitcoin and invest Thier saving, so according to supply Thier will be only 21million Bitcoin while adopter will be more than our expectations and due to low supply and hight demand the price will be on fire,what is your opinion about this?
But I am note quite sure that suck kind of things will be happened too easy because it will be death moments for fiat currency and banking system while baking mafia will not allow anyone to happen such things, so adoption of Bitcoin world widely will be currently only in just imagination.
July 06, 2023, 08:23:28 AM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
what is your opinion about this?
If this occurs, the price of one bitcoin will undoubtedly exceed one million US dollars. But to be honest, this isn’t at all possible. At least for the next 5 years, I don’t see this happening. The reason for this is very simple. Bitcoins are famous for their decentralised feature, i.e., that they cannot be controlled or ruled by any government. As no government can control bitcoin, no government will make it legal in the nations. So yes, what the OP is saying is practically impossible. I would love to hear other people's opinions on this.
July 06, 2023, 05:47:39 AM
easy 1 M per coin !
July 06, 2023, 02:26:26 AM
If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.
what is your opinion about this?
Not only 100k but even higher there are saying that bitcoin will run up to million dollars if adoption happens and if the world starts trusting this not only for investing but for the daily use.what is your opinion about this?
imagine how fast transaction could be and how much time will be saving and also the safer for security?
and with the amount of bitcoin available yes sure we will rich so high that what others could ever expect .
July 06, 2023, 02:19:53 AM
if the whole world accepts bitcoin, then the possibility of bitcoin price reaching $ 100k is very large. The reason is, once bitcoin has been accepted worldwide, the adoption rate of bitcoin will increase, and most likely the market demand for bitcoin will increase. businesses may also accept bitcoins, and bitcoins can quickly fetch a price of $100k or even more. What's more, the halving happened. however, I think it still needs a long way to go until bitcoin is accepted worldwide.
Well, $100k is a possibility, but it's still just a chance. The fact that it will become legal everywhere doesn't mean that everyone will start buying and/or using it. Still a lot has to be done before that.
July 06, 2023, 02:13:40 AM
if the whole world accepts bitcoin, then the possibility of bitcoin price reaching $ 100k is very large. The reason is, once bitcoin has been accepted worldwide, the adoption rate of bitcoin will increase, and most likely the market demand for bitcoin will increase. businesses may also accept bitcoins, and bitcoins can quickly fetch a price of $100k or even more. What's more, the halving happened. however, I think it still needs a long way to go until bitcoin is accepted worldwide.
July 06, 2023, 02:13:05 AM
Just because the usage increases or there is good adoption all around the world, we can't expect the price of bitcoin to reach great heights. The market is speculative, which means any sort of news relative to bitcoin getting circulated around will have its impact on the price. This could turn down in the short or it keeps moving bullish.
Does its previous ath came as a result of large scale adoption. In my view ot isn't, what we experienced is the real growth that happened depending on the supply to the demand connected with good news that were getting reality around the market. Earlier when the price reached $20k to make its first ath, the move was unexpected. Everyone were hoping the price to be around $5k to $8k which took a big bounce and reached around $20k. Increasing usage will make the market stronger and not much in the rise of price.
Does its previous ath came as a result of large scale adoption. In my view ot isn't, what we experienced is the real growth that happened depending on the supply to the demand connected with good news that were getting reality around the market. Earlier when the price reached $20k to make its first ath, the move was unexpected. Everyone were hoping the price to be around $5k to $8k which took a big bounce and reached around $20k. Increasing usage will make the market stronger and not much in the rise of price.
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