Topic: If bitcoin will accepted worldwide for legal then price rising $100k?? - page 11. (Read 1461 times)

You need to explain how you define what legal is?

Do you mean Bitcoin must be accepted as a currency to be said as legal? only two countries done this.

Do you mean Bitcoin must be accepted by the government as the commodities and banking ban? many countries done this.

Do you mean Bitcoin shouldn't get banned, but there's no announcement of legality for Bitcoin usage, which mean grey area? most of countries do this.

The big country which ban Bitcoin is only China, I don't think the other countries like Morocco, Algeria etc would give huge impact to Bitcoin adoption. So we just need China to accept Bitcoin to represent the real of Bitcoin adoption is.

         I have been watching the price of Bitcoin ever since it was only a few dollars. I was then a little over 20 years old. Naturally, if most countries accept this crypto as an alternative to fiat, then there is no doubt that the price will fly high.
         Some countries have taken this experimental path, but the process of integration is somehow weak. Until now, there is a skeptical attitude towards such projects. It is very difficult to move from one system to another.

You topic does not correlate to the content of your post, but I will answer the question that were posted in your topic. Yes, if Bitcoin is accepted globally, then the price will go well beyond the $100 000 per bitcoin price. Bitcoin are not accepted as legal tender in most countries, but the price hit an all-time-high of $68,789.63.... now imagine what the price will be if it is accepted as legal tender in all countries.  

We could even see a situation where a single Satoshi might be valued between $0-20 to $1-00 under the correct circumstances. This might sound ridiculous, but when I started buying bitcoins.. the price of a bitcoin was $300.  

Opinion about what specifically? Narrow it down a bit. Because if that's the case, then of course the price will rise. It isn't even debatable — the better question is, will it happen?

Countries that are affected by the economy on a large scale will immediately find solutions to get out of the problem, when the situation gets worse it is likely that Bitcoin will play a key role in the global economy. At times of economic pressure, people will switch to Bitcoin which encourages Bitcoin trading volume to increase, the presence of Bitcoin will provide benefits when the economy is collapsing. Bitcoin trading volume has shown that in times of economic stress people are turning more and more to crypto assets, here it would be seen that the masses are starting to benefit from Bitcoin.

To prevent a more severe economic crisis seems to be the most likely reaction to lead to Bitcoin being adopted as the world's single currency, if that condition occurs the world will have one global currency, namely Bitcoin. Bitcoin could become a global financial solution if the economic crisis gets harder to control or Bitcoin will evolve into a new world currency. This is just speculation, actually what will happen in the future no one knows.
So far what percentage do you trust the fiat currency issued by your country? If the answer is not quite trust, it's worth looking at Bitcoin as a viable solution. Ultimately only the system that is supported by the majority will win. IMO.

More than just 100k I think because there's more demand than ever overtime for bitcoin if it ever gets a legal status in a lot of countries especially US and other consumerist capitalist countries out there. 100k would probably soon be considered a lowest point in bitcoin if that dream ever happens. As long as demand increases for a limited supply product, we can expect the price to continue increasing.

Trying to be creative with my imagination here, but If Bitcoin was legally accepted everywhere definitely price would skyrocket as demand is readily available...and I dont really think investor's will be investing as price would be so high and this means a higher risk too which is also means money they can't afford to lose!

Honestly this is a tough one, legally  accepted everywhere means countries giving up on their local currency and this is also an impossible development as most countries wouldn't give up on this kind of control which also means losing out on revenue because of this...
I know we want bitcoin to succed but this here is a big ask and won't happen like this.  

Yes. More and more are coming in, according to economic law for sure. There is demand and supply of course. Yes. thus processing daily transactions is high, which in turn makes BTC as another option in terms of trading transactions in various fields. When it has been adopted massively. At the moment it still is, as @DapanasFruit said, But, I have a firm view, with time BTC will become less special and will be very familiar to the general public.
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My opinion is that you are clueless on the subject. Bitcoin will reach $100K with a very high probability within 2 years at most, and for that the legal status of bitcoin does not need to change.

It is already widely accepted in most countries but as an asset, not as a currency. As it is so short what you say, I do not know if you mean that the rest accept it as a currency, such as El Salvador.

But the fact is that it will reach that figure even if there are no changes in legislation.

As of now, Bitcoin remains to be an asset that many are holding for speculative purposes...and is finding a hard time competing with the usual fiat money especially in everyday transactions. Now, facing that reality, I think the goal for now is not to really make Bitcoin as the common money but as a solid and exciting alternative...until there can be a massive mainstream adoption. Just like the real/physical gold, I still have to see many people bringing gold to buy anything in the grocery...though BTC is a lot better still people prefer to deal with the more convenient paper money. Making BTC getting accepted globally is a big challenge and we are not yet there.

Adoption will increase with time if Bitcoin won't die.

Legal tender can not force everyone to use bitcoin. You can see in El Salvador, their government made Bitcoin legal tender in their nation but after early hype, it has been cooling down and their citizens especially business operators no longer feel interest in accepting bitcoin for their business purchases.

Legal tender can help but it can not change a whole game if other infrastructures for Bitcoin adoption won't be improved and expanded.

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?