Topic: If bitcoin will accepted worldwide for legal then price rising $100k?? - page 9. (Read 1541 times)
July 08, 2023, 06:08:47 PM
Its not likely BTC will be payable for taxes worldwide, that would be absolute acceptance like normal national currency now. Its certainly possible the exchangeability of the BTC could rise so that is equal to some foreign currency but I dont think we'll be near to that or need to be. The use for taxes and storage as a reserve asset by business would be where things change alot, that only really is something that occurs with this tax payable type currency and also its linked to bond yields and so on. We wont get near that imo because BTC is not centralized in that way.
July 08, 2023, 04:10:31 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?
Despite not being widely accepted as legal tender, Bitcoin already has a sizable number of investors worldwide and its ATH has reached $69k. You can probably guess what the cost will be once it is widely used throughout the world and has attracted more investors and businesses. I guess a price of a million dollars. what is your opinion about this?
Even so, there is speculation that Bitcoin will reach $100,000 in the upcoming bull run, and the world has not yet seen widespread adoption of Bitcoin, except for El Salvador, which decided to make it legal tender for its citizens.
July 08, 2023, 03:59:16 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?
A good way on giving out some sample on how much or big the population have known about Bitcoin?what is your opinion about this?
As of 2023, we estimated global crypto ownership rates at an average of 4.2%, with over 420 million crypto users worldwide.
https://triple-a.io/crypto-ownership-data/
How much more if we would really be moving 100%? Pretty sure we wont really be just talking about $100k on here but it would really be a huge one.
This is why lots of people is really that optimistic with this kind of possible potential on which it might be acrossing those numbers that we
arent even expecting for it to reach on, just like on what happens on reaching out that 69k on which we all people on this community
wasnt able to see that thing.
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July 08, 2023, 03:40:29 PM
Making bitcoin a legal tender isn't important before it can be used by a country. As long as bitcoin is legalize worldwide then it is possible for a lot of people to embrace bitcoin as an alternative currency to fiat. If bitcoin is accepted by the whole world a lot of investors wouldn't sell their bitcoin because it will be appreciated and kept idle in their wallet since it is also a store of value
Yea, I quit reading some meaning to this, and you are right. Bitcoin doesn't even need to be approved by the government to be accepted as legal tender. The reason is because the vision Satoshi had for Bitcoin was to be accepted as a means of payment through P2P, which means I don't need the federal government to approve Bitcoin before I can carry out a transaction, for example, with you (@frankolala). As long as you are a Bitcoin user and you agree that I can pay you with Bitcoin, then we can initiate a P2P transaction. That's what Bitcoin is all about. Bitcoin is for people who, genuinely on their own, have learned about Bitcoin or agreed to it, embrace it, and decide to use it. All this push for Bitcoin to become legal tender is not even making sense to me again.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
July 08, 2023, 02:54:51 PM
Everything takes time. Bitcoin has overcome so many obstacles to come this far and build a strong community which was by no means easy. During the last bull market of Bitcoin, more and more people know about Bitcoin and they try to learn more about Bitcoin. Nowadays, no one waits for the government to make something legal, everyone knows about it from their own place.
So if Bitcoin gets official acceptance around the world, it will be an epic bull run. But I think Bitcoin will reach the $100k target within the next few years. No separate country's acceptance will be required for this. Because Bitcoin's next halving is coming.
So if Bitcoin gets official acceptance around the world, it will be an epic bull run. But I think Bitcoin will reach the $100k target within the next few years. No separate country's acceptance will be required for this. Because Bitcoin's next halving is coming.
July 08, 2023, 02:02:44 PM
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Snip~
BTCitcoin is not created to replace fiat currency globally but as an alternative to be traded globally. I do understand that many think and expect that the cryptocurrency market is created to takeover the entire fiat and the banking world, which is not the case, you need to have a combination of everything.Snip~
What you just said is the very reason why the Securities and Exchange Commission in different parts of the world are trying to set the record straight to avoid this confusion of fiat being replaced and the alike!
And at this point am starting to understand them as many people out there think bitcoin is out here to kick out fiat when these are in two different worlds
When it comes to the price, you do not need a global adoption for the price to rally to $100k.
Technically you are right and I agree and disagree at the same time!Of course global adoption might not even happen, but with history showing that we have failed to get price to this mark and the only answer being institutional investments coming on board...and with these guys means indirectly getting the legal go ahead for everyone as these guys have a worldwide reach in most markets.
July 08, 2023, 01:27:47 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?
It is sure that the price of bitcoin is will go above 100k if the whole world adopts bitcoin because the limited supply will make bitcoin for only the rich. A poor man wouldn't be able to afford bitcoin since it will be the most valuable assets in the world with high price. Bitcoin investors will be the most wealthy people in the worldwhat is your opinion about this?
Making bitcoin a legal tender isn't important before it can be used by a country. As long as bitcoin is legalize worldwide then it is possible for a lot of people to embrace bitcoin as an alternative currency to fiat. If bitcoin is accepted by the whole world a lot of investors wouldn't sell their bitcoin because it will be appreciated and kept idle in their wallet since it is also a store of value
July 08, 2023, 07:51:32 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?
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. what is your opinion about this?
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.
So, Bitcoin is already widely accepted in most countries only by the people and not the countries or authorities, and you are right that currently, Bitcoin is mainly used as an investment asset and not as a currency or a payment method because it's volatile and people see this as an opportunity to earn money.
July 07, 2023, 04:15:59 PM
If btc is legally accepted in all countries then a 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?
This may take a long time to happen, and it requires a lot of work in terms of government regulations and other factors that could limit the spread of Bitcoin adoptions.
Decentralized is completely opposite to what the Government preferred governance. Other countries is already making their move to counter Bitcoin mass adoption through their own CBDC that will mislead their citizen as blockchain token alternative to Bitcoin. I think this will be their counter to the movement for Bitcoin Legal tender.
The 100% Bitcoin Legal tender will not gonna happened even in long term because Bitcoin has limited supply and decentralized. Government will not legalized that kind of currenct which they didn’t have a full control over it.
July 07, 2023, 03:37:02 PM
If btc is legally accepted in all countries then a huge number of investors will increase. and the use of BTC in various fields will increase.
what is your opinion about this?
This is a daydreaming wish because is going to take a very long time for Bitcoin to achieve that level of global adoption since at the moment only a few percent of the world population knows or uses Bitcoin, but I am certain that the value of Bitcoin will increase at that time and the 100k price you mentioned may be very low compared to what the price of Bitcoin will be at that time. Bitcoin will be a very scarce commodity at that time and if with the current supplier Bitcoin is this high in value how much more when Bitcoin attains global recognition?what is your opinion about this?
This may take a long time to happen, and it requires a lot of work in terms of government regulations and other factors that could limit the spread of Bitcoin adoptions.
July 07, 2023, 03:17:03 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?
As the demand increases, we can expect for a limited supply and yes the price will also rise and that’s the simple law of demand and supply. We are aiming for the mass adoption since then but until now its far from reality but we are getting there in time, be more patient and store more Bitcoin now. The market is growing and many businesses are already considering Bitcoin, this might happen in the next five years. what is your opinion about this?
July 07, 2023, 02:44:14 PM
It will take time for bitcoin to become legally accepted in very country, and even before that time which is a long time from now bitcoin may have already reached this $100k price that you have set as target. there are many events that will favor bitcoin and influence the price positively, and also with the halving which is happening soon, there are still many predictions on the amount it will take the price of bitcoins to. Even if the halving does not carry the price up, it will take it to an amount close for other events to take the price to $100k.
If bitcoin is accepted everywhere, it does not mean that the price will rise quickly. Bitcoin has pretty slow transactions and a cumbersome blockchain. I still think bitcoin will probably be replaced by something else before it goes above 100,000. I hope I'm wrong.
July 07, 2023, 02:21:53 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?
It was not the number of investors that will likely increase but also the number of people who use this as currency. The moment that it is become legal that will give confidence to the merchants and business owners to accept this as a mode of payment and the confidence that nobody will seize their Bitcoins. It gonna be a changing game in crypto and this will fuel people to use BTC instead of fiat money especially when paying online. But despite all of these things, I wasn't really thinking of reaching $100k. It is very possible to increase the price but not to the extend that it becomes expensive. what is your opinion about this?
July 07, 2023, 01:29:27 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?
It will take time for bitcoin to become legally accepted in very country, and even before that time which is a long time from now bitcoin may have already reached this $100k price that you have set as target. there are many events that will favor bitcoin and influence the price positively, and also with the halving which is happening soon, there are still many predictions on the amount it will take the price of bitcoins to. Even if the halving does not carry the price up, it will take it to an amount close for other events to take the price to $100k. what is your opinion about this?
July 07, 2023, 10:17:13 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 bitcoin was accepted as a means of payment in every country worldwide & widely used as a means of payment then of course the price would rise, remarkably so. We wee some way away from that becoming a reality but that doesn’t mean it won’t moon in the next couple of years as I believe it will due to other factors.
July 07, 2023, 10:07:00 AM
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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.
BTCitcoin is not created to replace fiat currency globally but as an alternative to be traded globally. I do understand that many think and expect that the cryptocurrency market is created to takeover the entire fiat and the banking world, which is not the case, you need to have a combination of everything. 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.
When it comes to the price, you do not need a global adoption for the price to rally to $100k.
July 07, 2023, 03:30:58 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?
what is your opinion about this?
Bitcoin will be legalized in all countries is something that will happen, but I think we have a long way to go, and once its demand increases, then Bitcoin price will definitely increase. But if you are talking about the goal of $100k per bitcoin, you don't need to wait until bitcoin is legalized worldwide. Many predictors believe bitcoin will hit $100k in the next bull season, and just history repeating that target is too easy for bitcoin, you don't have to wait too long.
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July 07, 2023, 02:47:08 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?
Do you think that the only way for Bitcoin to reach 6 digits is for it to be accepted worldwide, eh?what is your opinion about this?
Bitcoin will reach that price on the next bull run. This is what many of us believe to happen 2 years from now (if the cycle still continues). Bitcoin being accepted worldwide isn't the only way for it to reach that price. At the same time, don't expect that governments around the world will accept Bitcoin legally. We've seen countries banning the usage of cryptocurrency in their country already. Some are just neutral about it, and some are accepting it like El Salvador.
Overall, I'm just happy with how Bitcoin is right now in terms of adoption. Year after year, more and more people are starting to use it. Some are just starting to explore, and learn it. Time will only tell if this will happen. It might, or it might now, but one thing's for sure. What you said OP isn't the only way for Bitcoin to reach $100,000 or even higher.
July 07, 2023, 12:15:51 AM
I think everyone here is optimistic about the increase in BTC to 100K with various arguments and opinions. In my opinion, other things that need attention and play a role are regulatory developments, institutional adoption, public trust, and their impact on market liquidity and stability which can indirectly have a positive impact on Bitcoin prices globally and what @michellee said to see Bitcoin being accepted by all countries may take more time is the journey process.
July 06, 2023, 11:52:27 PM
Im Gonna say but this will likely unhappen, maybe bitcoin is accepted as an asset or commodity worldwide is possible you know the news China and a bunch of others seem doesn't like cryto.
maybe in future there is one or two country will accept bitcoin as a legal tender like el salvador did but not goin to worldwide, if bitcoin accepted worldwide 100K is very easy to achieve and it could be more than that.
maybe in future there is one or two country will accept bitcoin as a legal tender like el salvador did but not goin to worldwide, if bitcoin accepted worldwide 100K is very easy to achieve and it could be more than that.
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