If bitcoin will get accepted worldwide then we'll see a blast in crypto industry! Cause then crypto industry will bring revolution with bitcoin. $100k is Very small amount for that situation cause we are expecting bitcoin to cross $100k restriction in next bull run and set another milestone without help of worldwide acceptance, so we cant imagine how incredibly bitcoin price will increase if it get invested by billions of investors. But due to controlling issue, banking policies, economical race,, it will need a long time period for governments to agree legalize bitcoin in whole world
More precisely, if it is accepted throughout the world and legalized, of course the price of $ 1 million is not impossible for bitcoin, or at least becoming a commodity trading asset that is legal throughout the world will definitely provide a very significant price boost for the crypto industry, especially for bitcoin, but indeed it takes quite a long time, many stages must be passed to get to that peak, various circumstances will definitely occur in the economic world, and maybe we still need several new generations as bitcoin beneficiaries to be adopted, it's still a long journey very long, I think my age is not certain to arrive at bitcoin at that peak.
I think the opposite, I don't think bitcoin took too long to be legally accepted globally. But what I'm saying is that the government will soon accept it as an asset, a commodity, we can't expect them to accept bitcoin as a global legal currency because many governments won't accept it.
Try to look back, 10 years ago most of them banned bitcoin, but in recent years, many countries have gradually accepted it with accompanying regulations. So I am very optimistic that in the next 5 years or 10 years, the legalization of bitcoin globally is inevitable. Of course, this will trigger a crazy bull run and a million dollars could actually happen in the next 10 years.
5 - 10 years is quite a long time, if you think that 10 years is not a short time, I feel there is something wrong with you.
And the benchmark for our conversation is the whole world, of course this is very difficult and there will be a lot of drama, even today there is still a lot of controversy about bitcoin even if it is only used as a commodity asset, it is quite a difficult thing to get bitcoin, even when you tell stories when accompanying children you fall asleep.
If the benchmark is just a few countries starting to make bitcoin a commodity asset it is certainly a big possibility, and we are witnessing that together over time with the replacement of younger government officials, they are much more understanding and not opposed to bitcoin.
Yeas passing by would definitely be able to select those leaders which would really be having that kind of mindset on which they might really be able to adopt and reconsider out on Bitcoin/Cryptos existence and
this is something that we are really liking to see in the future years to come. 5-10 years time is really indeed a long time and on the time that it would happen then expect that we cant really be just seeing $100k
per coin but rather it would really be more than with those numbers. Come to think that only a few % of the entire population is currently be able to know about crypto. Then how much more if
it would become a global scale point? For sure it woul really be making out that significant numbers.Imagine if Bitcoin would really be that totally relevant in all corners of the world then pretty much sure that we arent really that only seeing that 100k but rather it would be more. Lets just not making ourselves that being rushed on what would be the price. Adoption and recognition is really still on the move. It is really just that
it might really be taking for several years before we could really be able to see such change and adoption in regarding about into its utility.
