If bitcoin will accepted worldwide for legal then price rising $100k?? - page 6.

retreat

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Quote from: Jocuserious on July 05, 2023, 09:11:14 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?

If this really happens, maybe the price of Bitcoin will touch $ 100K, because as you said that the higher the adopter/investor, this will affect the price of Bitcoin and could make the price increase significantly from the current price.
But I personally think that this will not be possible because since governments in many countries do not like the features that Bitcoin offers and apparently they do not want that their financial product will be defeated by the adoption of Bitcoin by many people.

Ayers

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Quote from: RewFrew on August 08, 2023, 02:57:00 PM

If Bitcoin will accepted worldwide for legal then price will obviously increase. There will creat positive impact on bitcoin price. And many people will involve in this sector. Recently we saw a country El Salvador government legalize Bitcoin and after then Bitcoin price was increased. We also saw many country declared Bitcoin is illegal. But from that's country Many people/investors involving in secret. I think if Bitcoin will accepted worldwide Then Many people will take it as profession. And Then the value of Bitcoin will increase rapidly. I strongly believe that then Bitcoin price will touch $100k within short time.

Bitcoin is a profession? What are you trying to say? How can bitcoin become a profession and provide jobs for people? If you read bitcoin's whitepaper, Satoshi created bitcoin as a currency, a peer-to-peer payment method, he is not saying that bitcoin can provide jobs for everyone. As for what's going on, we're looking at bitcoin as an investment because of its volatility, and investment is win or lose, so we can't call bitcoin a profession.

What is the difference between bitcoin now and when bitcoin is accepted by governments? It will still be bitcoin, still a decentralized currency, any difference?

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Of course, if BTC is legally accepted, a large number of investors will increase. If Bitcoin becomes legal, investors will have a positive effect and be interested in investing more. Among those who didn't believe in Bitcoin, the popularity of Bitcoin will increase and more people will try to invest. Then it is likely that Bitcoin will play a key role in the global economy and the price of Bitcoin will definitely increase. When a country declares the legitimacy of something, the progress of that thing will increase day by day, since Bitcoin is a financial asset, its progress will increase even more. Expect Bitcoin to hit $100k and more then.

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Quote from: JahriMeayer on August 06, 2023, 03:38:50 PM

100k$ won't be so big deal if bitcoin will accepted worldwide. Bitcoin still isn’t fully recognized by so many countries. Some counties allowed bitcoin by restricting its many facilities, that means govts of those counties make the bitcoin uses limited for people. So if bitcoin can record ath of $67k Even without all those things, then think what will happen when govt. Of all countries will allow full use of bitcoin among people! It would be huge. Even that time many big companies will accept bitcoin as payment method and many company will work with it and so on. So it would cross $100k easily, even i Won't wonder if it cross double of your expectation or even more

True, the price of $ 100k is too cheap if it is accepted worldwide, even I'm sure $ 1 million will be easily achieved, the thing that is the fear of many countries to legalize bitcoin for fear that it will be used for illegal transactions such as money laundering, criminal transactions, and so on, even if the end this year it could reach at least $60k then the halving day has the potential to reach $100k.

RewFrew

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If Bitcoin will accepted worldwide for legal then price will obviously increase. There will creat positive impact on bitcoin price. And many people will involve in this sector. Recently we saw a country El Salvador government legalize Bitcoin and after then Bitcoin price was increased. We also saw many country declared Bitcoin is illegal. But from that's country Many people/investors involving in secret. I think if Bitcoin will accepted worldwide Then Many people will take it as profession. And Then the value of Bitcoin will increase rapidly. I strongly believe that then Bitcoin price will touch $100k within short time.

Strongkored

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There is no need for it to be legal to make the price of BTC go up to $100K, because in a few years time it will reach that price, and BTC is now accepted by many countries but it is used more as an asset than as a currency, which is why you will see more Bitcoin transactions on exchanges than on merchants to be used as a means of payment, the news about the price going up high makes many people think that Bitcoin will be more profitable to store than to use in daily transactions.
But I believe that when the long-term holders have benefited from the investment they made in Bitcoin, they will slowly start using it as a currency, because when it continues to be considered only as an asset, Bitcoin is no longer suitable for its initial creation.

Shinpako09

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If it is to be adopted globally, it will undoubtedly reach the 6-digit threshold, or it will just wait for the next halving for a tremendous pump. If history repeats itself, with how BTC pumps after each halving, we could cross $100k in the next halving; if not, perhaps another will, without the global recognition.

Mahanton

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Quote from: JahriMeayer on August 06, 2023, 03:38:50 PM

100k$ won't be so big deal if bitcoin will accepted worldwide. Bitcoin still isn’t fully recognized by so many countries. Some counties allowed bitcoin by restricting its many facilities, that means govts of those counties make the bitcoin uses limited for people. So if bitcoin can record ath of $67k Even without all those things, then think what will happen when govt. Of all countries will allow full use of bitcoin among people! It would be huge. Even that time many big companies will accept bitcoin as payment method and many company will work with it and so on. So it would cross $100k easily, even i Won't wonder if it cross double of your expectation or even more

Not wont really be that much a hard thing for such milestone if ever we would really be able to hit up that full scale adoption on which we wont really be just seeing these current numbers or even that $100k.Basing up on statistics or those numbers that we are still 1-3% of the entire global population in speaking about awareness about Bitcoin or crypto on which means that there's still lots of rooms to grow on which it would really be that impossible that we cant really be able to reach out those higher digits if we do see that adoption scale would really goes to maximum but well this is something a dream that we do wish to come true yet we know that it cant really be just that so fast on trying out on integrating or recognizing something considering that government wouldnt really be looking so positive with Bitcoin or crypto investment on which it is really just that
common that they would really be going against with it which is one of the things that affects adoption or simply moving it slow or hindering it.

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Quote from: MFahad on August 06, 2023, 01:03:46 PM

If bitcoin is legally accepted in every country then the price increase will depends on the acceptance of bitcoin by the citizen of each country. First is that bitcoin is very expensive and everyone cannot buy it easily other thing is that some cannot tolerate the hazards related to bitcoin so they will not accept bitcoin easily.

Bitcoin price will go higher when every country accept bitcoin but I think it will takes longer time may be some countries never accept bitcoin as because of bitcoin individual are mostly involved in online business where the paper money will be reduces in cost which is unbearable by the leaders of a country.

True, the path to global Bitcoin acceptance might take time. Meanwhile, XGo's innovative approach, especially its XGoID feature that simplifies sending and receiving crypto, could help make the transition smoother. It's functional and practical for both new and experienced users.

JahriMeayer

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100k$ won't be so big deal if bitcoin will accepted worldwide. Bitcoin still isn’t fully recognized by so many countries. Some counties allowed bitcoin by restricting its many facilities, that means govts of those counties make the bitcoin uses limited for people. So if bitcoin can record ath of $67k Even without all those things, then think what will happen when govt. Of all countries will allow full use of bitcoin among people! It would be huge. Even that time many big companies will accept bitcoin as payment method and many company will work with it and so on. So it would cross $100k easily, even i Won't wonder if it cross double of your expectation or even more

WatChe

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Even with minute acceptance, Bitcoin managed to hit 67k $. Its very hard to believe that governments all around will ever legalise the use of decentralized bitcoin. Since that will take control away from them. Bitcoin is not designed to replace fiat rather it has it'd own use cases. I have a firm belief that bitcoin will cross its ATH of 67k without acceptance of governments. There is very rare chance of bitcoin adoption at government level.

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Quote from: Wong Gendheng on July 31, 2023, 10:02:28 AM

If Bitcoin is accepted globally, of course, it will make a surge in the number of users, of course it will be easy to reach $ 100K in a short time, now some small countries have made Bitcoin as an official asset so we must be optimistic that the long term of Bitcoin will soon be accepted.

Last time we almost hit $100k if the momentum continues so how much more when more countries and people join the revolution right? Maybe $100k isn't the only price we can reach but it will be $300k and above this time. I think if I'm not mistaken there is only 3 countries who made BTC a legal tender.

The progress for this one is slow but it's not a big problem that we must think of because BTC can still be used locally for payment purposes even without that accreditation. We can still attain a growth in its value. This is why we should act quick and invest in BTC now if you haven't done it yet, only because you are waiting for a good sign or signal. Don't, let the opportunity missed, right before your very eye.

MFahad

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If bitcoin is legally accepted in every country then the price increase will depends on the acceptance of bitcoin by the citizen of each country. First is that bitcoin is very expensive and everyone cannot buy it easily other thing is that some cannot tolerate the hazards related to bitcoin so they will not accept bitcoin easily.

Bitcoin price will go higher when every country accept bitcoin but I think it will takes longer time may be some countries never accept bitcoin as because of bitcoin individual are mostly involved in online business where the paper money will be reduces in cost which is unbearable by the leaders of a country.

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Quote from: mich on August 05, 2023, 03:59:35 AM

Well yes I think the price of Bitcoin would be very high if we saw it legal all over the world. But this is just a imagination you are having. And I do not think this will happen not for a long time at least.

And so far we have like El Salvador accepting it as legal tender, and to some extend, countries like Japan and Germany too are very open about it and very bitcoin friendly countries. But for other nations, they are still very reluctant to even accept it, much more to legalized it because of so many questions about it.

Quote from: mich on August 05, 2023, 03:59:35 AM

We like to talk about the number 100k very much. I think for price of Bitcoin to be 100k it will take more adoption and regulation from big government bodies. This will make us see this big number we all want to see in our lifes.

Probably it's because in the last all time high, we have been anticipating $100k but it didn't happen. So right now, this is the numbers that we have in our mind in the next bull run, at least 6 digits and any higher than $100k is already a bonus for us.

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Well yes I think the price of Bitcoin would be very high if we saw it legal all over the world. But this is just a imagination you are having. And I do not think this will happen not for a long time at least.

We like to talk about the number 100k very much. I think for price of Bitcoin to be 100k it will take more adoption and regulation from big government bodies. This will make us see this big number we all want to see in our lifes.

Wong Gendheng

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If Bitcoin is accepted globally, of course, it will make a surge in the number of users, of course it will be easy to reach $ 100K in a short time, now some small countries have made Bitcoin as an official asset so we must be optimistic that the long term of Bitcoin will soon be accepted.

YOSHIE

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

what is your opinion about this?

I've read about the adoption of Bitcoin, if Bitcoin is enforced legally throughout the world, if this is speculated, this is what will happen.

Quote

Worldwide adoption of bitcoin could mean smoother, more equitable trade and more financial access for those currently excluded. Worldwide adoption of bitcoin could mean smoother, more equitable trade and more financial access for those currently excluded.

Meaning: it does not mean that the price of Bitcoin will reach $ 100k or $ 500k, it could be cheaper than the current price, it's just that users use Bitcoin as described above.

There are other factors I think other than legal Bitcoin to push the price higher, if Bitcoin is traded like a shopping currency, it's the same.

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Quote from: Vaskiy on July 28, 2023, 06:27:01 PM

The usage of bitcoin world wide have got its importance, but we can't be sure that the price gets direct connect with the increasing acceptance and usage. As the market revolves around the demand to supply there is chance of price reaching high. Already the price have reached around $70k, based on which the price reaching $100k isn't a big deal.

Everything need its time, and every market have got its own growth pattern. This can be a cyclic process that have dependence as well as independent move from the traditional market which makes the real reason behind the growth. If we were able to address it then we can be sure on how price could reach on increasing acceptance.

I agree with you, that 100k is not a big problem for bitcoin to achieve, because when bitcoin is at this point now bitcoin has reached its ATH, and of course bitcoin will always grow periodically. And personally I believe that bitcoin will reach its ATH again, although I can't predict exactly when it will happen.
Especially if many countries finally legalize bitcoin, because at times like now that get a lot of rejection in various places, FUD is heard everywhere, bitcoin can always grow in its own way.

As you said, everything takes time, and there is also a process that must be passed, whether it's a problem, or anything else that makes the price of bitcoin plummet. But believe me bitcoin has a way to come back.

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The usage of bitcoin world wide have got its importance, but we can't be sure that the price gets direct connect with the increasing acceptance and usage. As the market revolves around the demand to supply there is chance of price reaching high. Already the price have reached around $70k, based on which the price reaching $100k isn't a big deal.

Everything need its time, and every market have got its own growth pattern. This can be a cyclic process that have dependence as well as independent move from the traditional market which makes the real reason behind the growth. If we were able to address it then we can be sure on how price could reach on increasing acceptance.

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Quote from: OgNasty on July 28, 2023, 05:29:34 PM

Quote from: flyingcarpet on July 16, 2023, 12:44:18 PM

Quote from: Jocuserious on July 05, 2023, 09:11:14 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?

I think a lot of governments are waiting for that. That's why they are buying bitcoin. One day it will happen. That's my opinion. Until then, whoever has more bitcoins is better.

It may not happen right away. Some things take a long time to be accepted. Once it's accepted, it's adopted quickly. I think Bitcoin will be adopted in the same way.

I’m not sure it will ever happen for regular people. When the valuation gets high enough I could see it being used by governments to settle debts, but they’re always going to want more control over their citizens. It’s more likely that people will be forced to use CBDCs while governments hold Bitcoin like they do gold to give their CBDC legitimacy.

Government would really be having those kind of intents on which it would really be always having that kind of target on making its citizens to be touching up CBDC's instead on going into decentralized things.

Fiat or digital fiat would never be cease to exist because of cryptocurrencies but instead it would really be just acting out to be that like and alternative into its existence. This is why it would really be always ideal
that you shouldn't really be that too optimistic when it comes to crypto adoption and recognition as long that government would exist then it would be not possible that they would really be letting these things to happen
but somewhat there might be some considerations but it would really be still under with regulations on which its never been that shocking if this one would really be the case.

If the moment or time comes that it would be accepted worldwide and the recognition is there on huge extent then it wont really be that only reaching out 100k but even more.
Lets just hope up that everything would really be coming in line in terms of adoption and it would really be just taking up some time and better not to rush things up.

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