Bitcoin Forum

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?

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.

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.

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.

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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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.  

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.

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.

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?

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.  ;D ;D ;D

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.  ::)

         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 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.

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.

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.

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.
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 .

easy 1 M per coin !

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.

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,
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.

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.

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.

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.

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.

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.

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.

I believe million dollars will happen in the future. However, I am not sure if it will happen anytime very soon. I am guessing that it will take a decade or two before it gets there. However, if we could get to see legal worldwide then that changes things, it's already legal in most big nations and you can move it around, there is nothing wrong with that at this moment.

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.

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.
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.

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.

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.

$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?

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.

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.

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.

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.

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.

Do you think that the only way for Bitcoin to reach 6 digits is for it to be accepted worldwide, eh?

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.

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.

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.

When it comes to the price, you do not need a global adoption for the price to rally to $100k.

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.

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.

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.

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.

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.

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?

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.

Being accepted in most countries doesn't mean that it must be used by the citizens, it simply means that it should be accepted and legalized by the governments which is not the case at all, we know that Bitcoin right now is widely adopted by users from all around the globe but you can barely find countries which have legally accepted Bitcoin for their citizens and allow them to use it without any issues at all, they might tax their sales and purchases but that's a different thing.

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.

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 world

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

Totally agree with you :)
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


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.

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.

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 👺👺

A good way on giving out some sample on how much or big the population have known about Bitcoin?

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.

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.

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.

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.

Obviously possible. Bitcoin are allowed in few counties and with such condition, bitcoin hit $67k milestone in 2021 bull run. So if all counties recognised bitcoin then definitely it would cross more than $100k. Even i assume, it will cross the $100k target without country acceptance, durning next bull run cause crypto industry getting popular daily and people consistently joining this industry instead of going to share market/stock market. So i agreed with op what he is predicted

I don't think this is why Bitcoin is going to reach 100k USD soon, because all the countries that invested so much time and effort to ban crypto currencies are not going to change their mind so suddenly. First of all most countries still allow their citizens to invest in Bitcoins, there some crypto regulations but no outright bans. Which means that even all the world would allow free crypto investing, there wouldn't be a lot of new investors all of sudden. And secondly, I am sure that Bitcoin will manage to reach 100k USD in it's current form without many new investors, probably next year after the halving or in 2025 latest. Bitcoin can already be used in many cases and it's up to all off us to increase the use of cryptos in our daily life.   

I hope you are definitely wrong on this notion but all the same you are still giving your own opinion but I feel bitcoin is here to stay although I feel its going to take a really long time before bitcoin reaches hundred thousand but I feel that number is attainable, lets just look at some years back every investor or bitcoin lover would have probably thought same if BTC will actually climb up to 50k looking at how low the price was from the onset of it creation but later is the case and bitcoin successfully achieved and even surpassed 50k so 100k is sometime of just mere time interference.

Right, we can do bitcoin transactions as long as there is an agreement between the two parties without government permission. But the role of the government cannot be denied because if they ban us from using and trading bitcoins, we will surely have a lot of difficulties when using bitcoin. The government is still running this world, and we are still living under their rule, so don't think they are nothing.
Are you brave enough to use bitcoin publicly if they ban bitcoin, and do you want to use bitcoin freely and openly or hide and trade in the dark?

Adoption doesn't necessary mean the price will increase but Bitcoin will begin to be used as a currency. There's an anticipations that when bitcoin will be accepted worldwide that the price will increase and that's why many investors are buying Bitcoin to hold and be expectant.

Example, when adoption happends, investors would have nothing left to be expecting and may reduced their interest. One of the many things making people interested in Bitcoin is the volatility of the market, if that was to stop happening many people will lose interest.

Bitcoin adoption doesn't have any direct relationship to do with Bitcoin price, but it'll make Bitcoin to become more global and more people will get to know about bitcoin which will increase the number users getting involved. With Bitcoin adoption the usage of Bitcoin increase.

Government can't really "ban" you from doing it, they can make it illegal to do it, but they can't stop you from doing it. Biggest example would be; you can't steal someone's money from their pocket right? That's illegal and not allowed, but you CAN do it, correct? You can go out today, steal someone's money, that's possible, you can do it.

Of course if you are caught then you would be jailed and then prisoned, so that is what illegal means, and bitcoin trading could be illegal, meaning you can still trade it if you want to, but if you get caught then you are going to end up with a trouble. All in all, I am guessing that the best thing to do right now would be making sure that it's going to take a while and we are going to live a tougher time without a doubt.

This is possible but for now don't hatch your eyes before they are layed. Go with the current trend and invest just how much you can handle and not to rush in with borrowed money with the hope that the time for price increase has come. Adoption of bitcoin is a gradual step like it is having some legislative support from EU in trying to have a regulation on the system as far as they can. It is a gradual process, be wise and don't carry all you can not.

That's just your expectation which need a lots of time to come true cause most of the countries already ban bitcoin. Some countries are planning so and the Only reason, they can't Control bitcoin! So it is hard that bitcoin will be accepted worldwide soon but that's possible maybe many years later. Now Let's talk about price!  Bitcoin doesn’t care about government acceptance cause people from most of the countries, already recognised bitcoin as well as invested with it. And this thing is keep going. So i'm optimistic that, bitcoin price will break $100k record within few years.

Countries adopting bitcoin will help with the increasing usage, but this doesn't assure with the increasing price of bitcoin. The bitcoin market is not as that of the stock market, the functioning is all about the demand to the supply. The price of bitcoin have increased with time along with the adoption and that hadn't got the price moving.

Governments make plans to have their dominance, for that reason every country won't get into bitcoin adoption. The price of bitcoin increases unexpectedly. During every ath the price of bitcoin increases unpredictable. So, adoption worldwide could happen someday, but that isn't the reason for the rise of price.

More acceptance = more demand.

That's it and from there you'll have the idea from what's next. So, if many will accept Bitcoin then that will result in a higher demand and with the law of supply and demand.

There goes the higher price that we'll see soon and not just that, we'll about to see the halving and with all the different factors that will trigger a higher price, it's only a matter of time to see both of it you're asking.

Only certain governments want to accept Bitcoin and make it legal in their country, because maybe the government really likes Bitcoin so they want to accept it. This is about the knowledge and also the government's preference for Bitcoin, because without them knowing and wanting to like it, there will definitely never be a realization to legalize Bitcoin in their country.

And for the reason that some governments can't control Bitcoin, I don't think that will affect the price of Bitcoin either because Bitcoin will keep increasing over time. I am also optimistic about the price of Bitcoin for the future, because as long as there is demand and supply in the market, Bitcoin will still be able to increase. Although not as many people expect.

The possibility is high, it's not the number of countries but more on people who know about Bitcoin and have invested in it, Bitcoin may be accepted in one country legally but if a number of investors are not buying more then the price is not likely to skyrocket

 There is a big difference between the holders and users, countries cannot use Bitcoin as their only legal tender Bitcoin is an asset I doubt if the majority of countries that accept will use it as their main currency. 

The thing is, you agree to something that is based on "bitcoin in wonderland" with the connotation of "Alice...   "

In fact, why not a 1kk, the price is not relative to the acceptance of bitcoin, it is what is believed but the price variable does not always have to be associated with certain parameters, the fact that bitcoin is accepted "legally" does not necessarily it helps to people/bitcoin.

Then, it actually happens bitcoin is used in "the shadows" of certain countries either due to lack of legislation or that gray point of the law for its use legal status, that is, adoption is a Pandora's box with the price.

If all the countries adopt bitcoin in the world the population of the users will definitely increase and it will increase in the circulation of bitcoin in the globe. But the movement of the price might still the way it is now. Because bitcoin price is not something that increase instant but it follows a rigorous process. The number of people that use bitcoin and the price increase are two different things all together.

Bitcoin not be a legal tender across the nations is not what makes investors not invest in bitcoin  largely, because I believe that bitcoin  is still have more firms and also have influence,  making bitcoin  a legal tender will make bitcoin to depart from digital currency, if bitcoin remain like this it  have more recognition and value than when it's been legalized

Governments only care about one thing which is taxes and in order for bitcoin to be legalized in a nation all we have to do is convince them that bitcoin would be profitable business for them. I am not saying that it will be simple but it is definitely something doable and that's what matters to everyone. Of course in order for that to happen we need to make sure that we are at a stage where we can make enough profit with it, otherwise it is going to be a bit harder.

If we do have a lot of volume which means there are a lot of money to be taxed then we can convince the governments a lot easier. Do not get taxed for just holding, but you can get taxed a small amount for each profitable trade, or just in general each trade, and that would be super profitable for them.

You are right, no government hates taxes, but convincing them to accept bitcoin is not easy. Because bitcoin is still decentralized, and they still can't control it even if it's legal. That will make it harder for the government to collect taxes and control the people, I think that's the key point that the government has so far not wanted to accept bitcoin mass.

We are paying taxes because we are tightly regulated, but if there is something that makes us anonymous and can evade the government. I don't think many people will want to pay taxes, that might be the government's concern when considering bitcoin.

Before it was accepted worldwide, Bitcoin was already worldwide. Investors are starting to compete to get Bitcoin as much as they can, the influence that Bitcoin has has made several large companies begin to adapt to this most phenomenal technology.
Bitcoin does not need recognition from any country, its presence has been accepted by investors all over the world due to the convenience offered by Bitcoin. Several countries have started to open their doors to welcome the arrival of Bitcoin, they are very aware of the functions and uses of Bitcoin, even though Bitcoin is not getting recognition in several other countries, Bitcoin is still Bitcoin which is increasingly being accepted by all people around the world.

I think some of your assumptions are justified especially regarding the worldwide presence of bitcoins. Bitcoin was created for alternative options as a means of payment regardless of how governments regulate it, but so far most of the adoption issues have been due to unsupportive regulations.

Government recognition through regulation is necessary even if you don't need regulation to use, receive, and send bitcoins. Regulation plays a key role in getting more use out of bitcoins in their actual use cases instead of hiding while using them. If the government supports bitcoin, then the use cases for bitcoin as a means of payment will probably be higher every year.

Yes it is, more users more demand and price will surely rise,it is already happening if we look at the price from year 2010 it is very low and because of the adoption the price in year 2021 increase up to 60k$ and few years from now if the adoption rise drastically the price of btc may go up to 100k$ or even more.

With the increasing number of communities, it certainly makes us must be optimistic that the future of Bitcoin will be brilliant, now more and more countries legalize Bitcoin so that it will make the number of users who continue to increase, and I am optimistic that soon the $ 100K price will soon be achieved.

Is bitcoin illegal to use in many countries? If not, then it's perfectly legal to use. I don't think that anyone has problem with buying bitcoin or paying with bitcoin in any country unless that person lives in North Korea, Qatar, China or in some other countries like Cameroon and Libya.
So, even if we give it a official legal status, I don't think it's price will quickly skyrocket, I think more likely it will remain the same. There is nothing that stops businesses from accepting bitcoin payments. The problem is that it's not very practical in stores and supermarkets and it requires a little bit technical knowledge to use Bitcoin wallet, which elder people lack.

The price of bitcoin is the result of a balance between two opposing forces, increasing the demand for and supply of bitcoin cash and thus early adopters benefiting the most.
And bitcoin doesn't have to be legal in all countries because the most important thing is that bitcoin can be accepted without strict prohibitions by all countries. And if all countries legalize bitcoin, then maybe we definitely have to pay a tax to the government for the use of bitcoin as a means of payment and also a tax on bitcoin mining, and a tax on the use of bitcoin in business transactions, and that will also reduce the country's deficit, and maybe the price will not would drop significantly and would not make us buy below.

Yes, bitcoin is being legalized in many countries, but most only accept it as a commodity and not a means of payment. Other than el Salvador, I don't see any other country that accepts it as a means of payment. I'm not from the countries you're referring to, but I also don't see and can't use bitcoin for my payments in my country. That shows that it is illegal for someone to use bitcoin as a payment method.

Do you know why there are not many businesses using bitcoin or many people are ignorant about bitcoin? Simply because the government has not really legalized and supported it and the people obey the government, if the government does not legalize bitcoin, they will never use it.
Don't underestimate the role of government in driving the value of bitcoin.

El Salvador forces businesses to accept Bitcoin as payment, it's not really like people are willing to accept Bitcoin payments, not many people have access to internet and good computer in El Salvador.
By the way, if you have a café, you can accept Bitcoin payments but I doubt you'll see a big demand on crypto payments. Some enthusiasts will pay but 98% of payments will come via cash or card. Cafés and stores don't accept bitcoin payments because there is not a demand.

And does anyone who accepts Bitcoin payments has any legal issues? I would say, it's a little bit uncomfortable to walk with Electrum wallet in your smartphone, check transaction fees and wait for confirmations.
But something like this really looks promising: FREE Bitcoin POS (BTC Lightning Network Accepted Here) (https://www.youtube.com/shorts/d3wMjJogJFU).

There are many countries that have accepted bitcoin as a commodity asset, but not as a currency and I don't think the price effect is fully determined by it, bitcoin has a bargaining value because it has an advantage in maintaining value, so people think investing in bitcoin will maintain the financial value they have have. Of course if all countries accept bitcoin with legal certainty, bitcoin will experience an increase in investor interest and trust because maybe they think there is certainty.

To reach a price of $100k we don't need to wait for legal certainty and the last ATH is close to that number. So let's see how the price position on ATH in the future and I'm sure it will be close to that price.

Why wouldn't it? I mean we are not talking about tomorrow here, if it could happen in the future then sure. But I think it is going to be 100k nonetheless, I believe that it will go up and be great in the future. I hope that people could end up realizing that 100k is not a lot of money, it could happen and only about x3 away from where we are right now and a true bull run would make x3 very quickly and very easily.

The halving is just around the corner, less than a year remaining and we are going to end up seeing that happen for sure. When that halving happens, watch how the price goes, after the halving it will start to go up and up and up for a long time and after a year of halving, we are going to see price hitting 100k and even more for sure.

If Bitcoin is accepted and used by all countries it is going to be huge and probably it is over a million dollars or even more, right now we there is still a long way to go, there are still a lot of countries where Bitcoin is illegal or Bitcoin is not accepted or adapted, compared to the past years the bitcoin was adopted by a lot of countries and its growing and improving as time past, in the future as long as this continues we could expect for the bitcoin to adapt all over the globe that is going to make the price of bitcoin skyrocket. I mean on the next bull run Im even projecting for the market price of bitcoin to reach around a million dollars already, but realistically it is for sure going to surpass its all-time high and probably 100k$ after the bitcoin halving event.

Bitcoin was not even recognized by a lot of people here in my country but slowly it become popular due to NFTs, trading, investments, etc. which is a good thing when talking about investments cryptocurrency and Bitcoin are always one of the thinks that they talk about and most people are interested to invest on it so I think it's a good indicator that bitcoin really adapt quickly.

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.

This is my opinion as well, we don't need the legalization of Bitcoin for we to be able to trade at $100,000, Bitcoin doesn't also need to be accepted worldwide for we to be trading at $100,000. We can trade at this price during this bull market happening after halving of Bitcoin.

When Bitcoin gets accepted worldwide we'll be trading at a more higher price than $100,000 because more people will be introduce to the cryptocurency market and they'll want to buy Bitcoin. We'll also be having future halving of Bitcoin reward that'll keep bringing in investors.

Bitcoin been accepted worldwide will be a challenge for Bitcoin because many countries won't give up their fiat currency that they can control whenever they want to accept Bitcoin that they have zero control over the price and the price can be manipulates by whales.

Some governments are just waiting for loopholes to make adoption more beneficial through Bitcoin, because some governments just don't have the courage to make adoption decisions independently. I mean this because the regulations of each country are still very different so that the adoption of Bitcoin is still not so much on the part of the government.

Indeed, nothing will happen as soon as possible because every new thing that enters the community, obviously requires time to be studied and understood carefully so that the government can make a wiser attitude to unusual adoption matters, as in the example of Bitcoin.

The more adoption bitcoin has in real use cases then I believe the more stable the price will be and the lower the volatility will be. Bitcoin won't fluctuate as much as before if it reaches mass adoption, but that's not a certainty either because manipulation can't always be avoided.

Adoption can support price stability and low volatility in bitcoin, but I believe not many investors really want that especially if they are not adopters of bitcoin as a means of payment. While governments are still pushing for a lot of non-friendly regulation with bitcoin especially in its real use cases as a currency, it is a difficulty that bitcoin has faced so far.

Definitely be going beyond $100k considering that only still a few of the world population does know about Bitcoin or crypto as of this moment but still we are sitting around 1/3 on what the price had been talking on which
it isnt really just that too far off on reaching out that point and on the time that global acceptance and recognition goes into a certain extent on which even lets say that half of the entire population then we might be able to see those numbers that we arent expecting for us to see on hadnt been anticipated to reach it out. How much more if it goes full blast type of recognition and application on daily living? For sure the value would really be on the rooftop but well everything would really be still that an assumption, knowing that government cant really just that let Bitcoin to fly high without having those regulation approach specially on any services or platforms
that had been attached into it on which we cant really be able to assume out about full acceptance and adoption.

In my opinion, if indeed bitcoin is accepted in all countries, it will not increase in price by $100k. Precisely with not many countries legalizing bitcoin so those who hold large amounts of bitcoin can play the price on the market. However, I am a bit pessimistic if the whole world can legalize bitcoin.

The legalization of bitcoin worldwide is unlikely to cause its price to exceed 100,000. Bitcoin will only be an additional means of payment, nothing more. Therefore, bitcoin should become a real security asset, not just an additional option for payment

There is a possibility that Bitcoin will surge more than $100k.  Think of the current status of Bitcoin and the estimated population that uses it.  I think it is less than 10% of the global population. so having Bitcoin being accepted worldwide, it will definitely surge in price due to the tantamount demand pressure created by these newcomers to the Bitcoin market.

Stating that Bitcoin will be used as a mode of payment, simply means that Bitcoin will be traded everywhere so these people need to buy Bitcoin first in order to use them.

Basing up on the % of the entire population recognition and awareness of Bitcoins existence then we are still that too far off on which means that there's still much room for us to move on when it comes to potential price on which it would really be just depending on the recognition and the demand if we do speak about $100k price which it isnt really that too farm off if we do base into its current ATH.

It is really just the main issue is that no one really knows on when it would happen and when it would really be able to spark out. We arent that too far off with the current price which we are just that
3x far away if we do speak about that digit and some good positive news will really be a good catalyst for having a good bullish run but we cant be able to point out on when and this what makes its
really that hard on making up decisions.
Acceptance and regulation would be a huge factor on which it would really be affecting overall on what would be its future prices but of course lets should mind with other fundamentals
as well.

No matter which angle we look at it from, if there is mass adoption of bitcoin, the price will surely go up and may likely not drop much again because volatility will surely reduce.

If bitcoin hits mass adoption, the price will skyrocket and most people you consider as strong hands that will play the power may sell all or part of their bitcoin during the price increase.
Then, the whole world doesn't need to make bitcoin a legal tender. They should simply allow bitcoin to co exist favourably with fiat and bitcoin is good to go.

In normal circumstances you quite well that it can be adopted, bitcoin is not old enough to be known and adopt as legal tender, at least it needs more awareness to be legalized as a legal tender across the nation's. I will support you because its obvious that what makes bitcoin to increase in high frequency is as result of massive adoption, but from my perspective I'm not expecting bitcoin to be accepted as legal tender to all countries by now. Its obvious as I portray initially that is new currency it will take time before people will leave their traditional currency and adopt a virtual currency that is not up twenty five years in existence, so bitcoin still have long ways to go  before it can be generally accepted as a legal across all nation's. Concerning the increment of bitcoin, I always make this emphasises that what makes bitcoin to rise is as result of the demand which is the investors of bitcoin, when the demands is high the price of bitcoin  will accelerate,  so many people have taken note of that. Because many countries may know bitcoin they are not interested to invest that means the price will still remain adamant.

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.

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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?

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.

So far, there are not too many countries banning bitcoin anymore, most countries are gradually accepting bitcoin to a certain extent. But they don't accept it as a currency or a method of payment, instead they treat it as a commodity. So I don't think that will affect the financial system that the government controls.

The closest ATH bitcoin has reached is $69k, which means we are very close to $100k. I think in the next bull season, bitcoin will hit $100k regardless of whether it is globally accepted or not. The government cannot decide or price bitcoin. Whether the government accepts it or not, bitcoin's growing popularity is inevitable and they can't stop it. So it's only a matter of time before bitcoin hits $100k or more.

They are still on middle or in neutral phase on which they are still that observing whether it could really be applied or not in terms of payment system or trying out to legalized.We know that recognition and adoption
is still on the move even up to this moment on which it is really that normal that we would be seeing that there are places who do ban and there are ones who do accept and there are ones who cant really still make out decisions. $100k isnt really that too far off in speaking about price potential of Bitcoin on which it would really be something achievable or something that could be reach on next bull run to have.
There would be no assurance though but in speaking about BR cycle then we do have already the idea and assuming out on what are the potential price that might really be able to reach out.
New money and positive news would really be scattering out on the market on the time comes and this is where bull run would kick in.

See what it is based on and what is the main reason that many large investors and institutions are now entering into BTC because they believe that the price of Bitcoin will continue to rise is due to the consistent growth of the network's fundamentals. indeed, price expansion is a common thing. so, always remember the economic law "The higher the demand, the higher the price" the reason is simple because, anything is possible with the bitcoin price and what is needed now is a big buying action not joining in selling BTC because of the sound of fireworks then selling.

Naturally bitcoin will continue to rise as the number of users continues to increase, without being made legal worldwide then a price of $100k will be easy to achieve, especially if the whole world legalizes bitcoin there will be a significant price increase even reaching $ 1 million is an easy thing.

We don't know yet but for sure the price went high compared to today.
When the demand is high, the price is also high. Having that situation, we already have an idea of what will possibly happen when the adoption spread worldwide. However, I don't we need to reach the point where Bitcoin become expensive because that also gives a reason why people don't use it, instead they will consider this still as an investment than a currency form. Although we wanted to see Bitcoin accepted and become a legal currency but not to the point that only rich people can afford to buy it.

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

An increase in the number of users could indeed be a special reason for Bitcoin to increase significantly in the crypto space as long as those users are actually using Bitcoin and not destroying Bitcoin. But on the other hand I also don't think that the price of one million dollars can be obtained easily even though Bitcoin has been legalized by all countries around the world, because just being at $100K still looks quite difficult even though you have given quite reasonable reasons for this That.

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.

the potential to reach a price tag of $100k is huge. If bitcoin is legalized, and accepted worldwide, I think there will be very many large companies that also use bitcoin for their companies. this will increase the number of communities and consumers, so that bitcoin will be increasingly sought after by people whether for investment use or other things. that would significantly increase the price and would probably be over $100k.

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.

we are here only to predict, I predict that when the whole world without exception legally accepts bitcoin, the price of bitcoin will fly past $ 100k and even towards $1 million, currently the world's population reaches more than 7 billion while the number of bitcoin is only 21 million, so there will be bitcoin buying wars that occur between investors in many countries. bitcoin going to zero is impossible now while bitcoin going to $1 million is a reality especially when its legality is being recognized around the world.

It is already accepted as an asset in many nations and regulated, which is more than good enough. I do not think that it should be considered that we need every single little nation, if you can do that in all big nations then it's fine. Russia takes it, USA takes it, UK takes it, China has a little bit of a problem with it to a point but still it can be done, and those are the only ones that matter if you ask me.

Europe has a lot of big nations accept it as well if we want to check that. All in all it looks like we are talking about enough nations that are at the top that accepts it as an asset and it's not at 100k right now, that should tell you all you need to know about bitcoin and where it is at this current moment.

Gaining 1Million worth of dollar price, is quite expensive for bitcoin to reached such milestone! Although you are free to share your prediction in this speculation sector. But in reality, nobody knows when Bitcoin will be allowed for whole counties cause still governments aren’t happy with bitcoin cause they can't control it. So as you said, bitcoin need many pass many steps to pass and all of those steps are full of restrictions and difficulties

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.

Everyone here is wishing in their imagination through descriptive sentences about bitcoin predictions that there is nothing wrong with that, who knows it will become a prayer and come true in the future even though you are no longer in this world to witness it.

The government is not happy because he is a generation that is slow in understanding technology, including the average of them being the older generation, so naturally they are stubborn with their old school thinking and their feudalism, they still want to have power in governing the world, more precisely in the environment. they are in power, of course there is no financial freedom that will be obtained, because they set up all the walls to see your wealth. If everyone is aware of this situation no one will hesitate to adopt bitcoin in the future.

firstly, bitcoin already spread to whole world when we are taking about if bitcoin will legalize worldwide or not! While people from different countries, already using bitcoin even after government banned it. So restriction banned by governments, won't effect bitcoin price to grow but it bitcoin become legal then more people would know about it and start using it which would make the bitcoin price more higher. Government need taxes which is matter most but sometimes we saw the news, hacker hacked bitcoin with that amount/that amount, which might be make government confuse to legalize or not before ensure full security

Actually Bitcoin have been accepted in worldwide by adopted as legal payment transaction by company or business only still not get regulation from government, only El Savador as South American country have make bitcoin as legal currency payment transaction and accepted all transaction kinds there. I don't think difficult for bitcoin rising to $100k one day later if accept or legal around the world and bitcoin will be more using digital currency payment transaction in the future than fiat.

Against government regulation for adopting bitcoin as legal currency is not easy, many countries exactly United State and top Union of Europe countries disagree to make bitcoin as legal payment currency and difficult to see bitcoin will accept worldwide payment currency in the future.

There is a truth that you mentioned: as more and more countries believe and accept Bitcoin, it really helps to raise its price value in the market. There is no doubt about that, and we have seen it too. The more people buy and use Bitcoin, the more demand really increases.

Of course, when it comes to adoptions, we are talking about multiple users, and not the same amount is bought by each individual in Bitcoin. And when each country is discussed there, the power of the government is strong to make good news in crypto or bitcoin, and when it happens, it has a big impact that helps to lift Bitcoin in the market.

If Bitcoin is accepted globally, then surely the price of Bitcoin will increase drastically. If the whole world adopts Bitcoin, everyone will invest in BTC and the demand for BTC will increase, causing the price of BTC to increase drastically. Moreover, even if Bitcoin is not accepted worldwide, it is certain that the price of Bitcoin will exceed $100,000. As the Bitcoin halving is pending next year, and after that the bull market will start and then the Bitcoin price will move into this position. Bitcoin will become more popular in the future and the number of Bitcoin investors will increase, which will increase the demand for Bitcoin, and at some point, the price of Bitcoin will increase even more. Many predictions have been made about Bitcoin, where there is no doubt that Bitcoin may exceed $5 million in the next 10 years.

Not necessarily, if we look at many people are still unsure whether Bitcoin is legal and there is a lot of negative press around the dangerous transactions that unscrupulous individuals can make using Bitcoin and ledgers. I think there are a lot of things to consider for bitcoin to be legally accepted around the world along with its potential price increase towards $100k, as there are still many countries that are not ready for this for example, say someone still needs a permit to sell bitcoin as a business.

I do not know in which country that happens, and the country that uses Bitcoin is only El Salvador as an official exchange tool in his country, and most of which legalizes bitcoin in other countries is only limited to making it commodity goods or like the goods sold in the asset market but they forbid the use of bitcoin as a currency to buy services or goods or whatever it is today as a medium of exchange.

I don't think about taxes and hacking in this assets more precisely in the economic control which will certainly be very difficult to control, because the centralized state nature will be very difficult to control the economy if Bitcoin is legitated, meaning they will lose control of the flow of money that rotates in society. Imo

Bitcoin can be accepted in all countries, but under the regulation system where the government wants to have a cut, and with respect to that is where the regulations come out , this topic interests me , because I have raised it in the Spanish Section and in the Wall Observer thread, and what they say is true , they cannot control Bitcoin , but they will do what they can to be able to have some bitcoin money , if it is for the users it is much better, even so the way they have to make it status does not mean that it is adopted , only those who have Invested in bitcoin and have made Profits are the ones who can speak and say the benefits they obtain, they are few people , but those few are probably millionaires, because they believed in the beginning and have great amount of bitcoin at the moment.


I have searched a lot, I find this article interesting:

Bitcoin Price May Hit $100K by End-2024, Standard Chartered Bank Says


Original Source: https://www.coindesk.com/markets/2023/04/24/bitcoin-price-may-hit-100k-by-year-end-standard-chartered-bank-says/ (https://www.coindesk.com/markets/2023/04/24/bitcoin-price-may-hit-100k-by-year-end-standard-chartered-bank-says/)

They already say here that there may be by the end of 2024, so why not buy everything that can be bought bitcoin now, this is worth it, an investment for a lifetime.

Many different nations already accepted/legalized Bitcoin trading in their countries. Its even legal to buy or sell something for Bitcoin in couple different countries. We already have Bitcoin funds and such etc. I think we may quickly see Bitcoin hitting 100k only if big countries legalize Bitcoin as much as El Salvador. For example imagine USA, Germany and UK treating Bitcoin similar to El Salvador. That would be huge difference.

While those countries that are not regulating it, it's good that they don't impose on it and better leave it like that for our own preference.
Because choosing between not regulated but allowed to not regulated yet banned, we know what's better.
And all of these policies do help for the adoption and price of Bitcoin and the more, the merrier and more demand it will make.

It will be very hard for all the countries to accept or adopt bitcoin in the world but to so e extend many countries will accept or adopt it to be use alongside with the fiat Currency. Yes the more adoption take place the blockchain technology the more investors we have in the cryptocurrency ecosystem worldwide. And one of the thing that will happen in that time is the countries that will not adopt bitcoin I their territory, the citizens will accept bitcoin.

And really as the op said on the topic, the price of bitcoin will be even more that $100,000 and people will become great in the industry. So the earlier is the best.

surely it will helps raising the price beyond the previous all time high a lot, i mean even if bitcoin is recognized just as investment instrument its already good enough.
that way it will have the same position as stock and other investment instrument in which in turn also gonna increase the market capitalization since the flow of investment is also increasing.
its overall really good promising future if that truly happens, but I guess it would be difficult since many countries out there are still doubtful.
but regardless its not like its impossible certainly in the future such chance might arise.

I understand that the current $100K is a psychological figure and it seems very difficult for bitcoin to reach that price but in the context of a limited supply of bitcoin, and the current world wide inflation, this is very much possible.

Think for a moment that bitcoin was not accepted by most governments and also it is not being used as a global currency, still we saw bitcoin price reaching 68K. So if Bitcoin is legalized worldwide, all those EFTs get approved, and the money flows into Bitcoin, then $100K would be a very small amount and it can reach much higher than this value.

If we use our logic , the price of bitcoin instead of Reaching $100k is not a true figure, it is a higher figure, because there are many people who dream of savings and if they know or realize that with bitcoin, the more they keep them , the more valuable it becomes , because the value will be much greater, with people Realizing that with bitcoin they can make much more money than by working for more than 20 years , because the only thing they would do is sell everything and Buy bitcoin , it is what can and should be Done , that is why we We must spread the Word so that those who are missing are not left Behind , we do not have to be so Incredulous, bitcoin has a good price , it is worth Investing now , Because when it is worth more than 100 Thousand Dollars it will be too Late.

The thing that we have been waiting for until now is that more and more countries will legalize bitcoin, of course it is not an easy thing to get many countries to legalize bitcoin, but with a positive campaign, I am optimistic that more and more countries will legalize bitcoin and of course make price spikes and easy to up to $100k.

A more positive campaign to get more countries interested in Bitcoin and interested in legalizing it could indeed be possible. But each country has different political influences and economic influences so there are countries that are only interested in Bitcoin but still cannot legalize it because of these obstacles. So this certainly won't be easy for every country to realize because every country needs to think about it carefully enough so that it doesn't make it difficult for countries to change existing regulations in their respective countries.

although become a million dollar worth currency will be a challenging thing to archive as amount to too high, but I won't wonder if such thing is happened in future cause btc already made many possible thing which was supposed to be impossible in past. Therefore, i agree that money laundering, criminal transactions and etc are the issue why government not recognize bitcoin cause such transaction doesn't have any proof of the person. But i feel comfortable with it, no kyc no restrictions like other's payment method. To maintain so procedure and resuations, a lot of time will be needed to make bitcoin legal worldwide and i believe, it will come to true

100% btc adoption worldwide won’t happen for years to come.

If it happens before 2040 I would be stunned.

I think it will not happen there will always be a few holdouts.

If bitcoin can start journey from cents and now it can turn into 40k, even already can cross $67k ath, then I don't think anything can stop it to cross another milestone of $100k even without recognized by those countries where Bitcoin already ban. Cause bitcoin getting more popular and it will be continued in upcoming days. Worldwide recognition is a big thing which need a huge time to be happened cause there will be political, money laundering, assuring capital and so many obstacles which need to overcome if btc wanna get accepted worldwide   

As a matter of fact, Bitcoin will probably reach this price target in this upcoming bull run. The price and adoption will continue to rise in the future.
If BTC is legalised across the World at some point in the future, the price will go well beyond this $100k. But the chances of this happening are close to zero because it should satisfy two criteria per your scenario; one is that BTC is accepted across the globe, and the other is that the majority of people will use this.

I don't think global adoption of Bitcoin is necessary to reach 100k. Because we predicted Bitcoin price to go to that level in the last bull run but it didn't happen, we can expect that in the upcoming bull run it will exceed the expected 100k. Moreover we dream not only of 100k but 1 million. Bitcoin is moving at its own pace, regardless of whether or not it is adopted globally. Also, I don't think people all over the world will accept it at the same time. Because in recent times there are negative and positive attitudes towards any good thing. If a country accepts Bitcoin, another country will retaliate and reject it. So we cannot expect everyone to accept Bitcoin at once.

I completely disagree with you when you say that bitcoin is growing on its own without concern for global adoption. Bitcoin like any other asset, its value depends on supply and demand. If demand does not increase, how can it achieve higher value in the future? The development of Bitcoin also depends on the global economy, no asset can develop independently and unrelated to the macro economy.

The whole world will accept it once they see its potential. For governments, national interests are still the top priority, there is no struggle or competition for them to harm themselves.

The price increase of bitcoin is really looking like it will hit the prediction of 100k by the peak of next bull if not more whether there is additional adoption with that of El Salvador.

As at now, the price is already accepted by the bitcoin community and by extension the crypto world and that is why the price has been appreciating, steady and having bull momentum.

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

The reality truth is that the wider Bitcoin is legalized and authorized around the globe is the wider Bitcoin is spreaded and so also more wider investors are come onboard.
The fact is that if governments of a nation is approved Bitcoin to be governmentally and privately accepted, it gives the masses solid believes and zero doubts about what Bitcoin is potentially speculated to be. So there would be more than expected global acceptance of Bitcoin.

Talking about the probability of Bitcoin price getting to $100K  in such an advancing Bitcoin global acceptance has all the possibilities because the system that determines Bitcoin values is determined by the volumes of it demands and investors.
If Bitcoin price could hit $69K in the past 2years even with the less volume of its investors comparing to date that Bitcoin is hovering around $36K-37K, then $100K can be beatable in no time if there are more of that Bitcoins wider spread that is to attract more of investors.

If bitcoin will be legalized in all over the world, then its adoption rate will also speed up. But I'm not seeing only $100k but more than that as btc price will definitely grow continuously if there are no negative factors that will oppose its growth. And when we say bitcoin adoption, that does not mean that the people are only using it as an investment tool but also utilizing it as a legal currency that can be use to pay for daily expenses.

However, the process might be tough and hard. As long as the government is not open about bitcoin and how it can bring success and growth to the country's economy, then expecting for bitcoin adoption might still be uncertain but we all know the world is heading to its digital version, and bitcoin perfectly suit for it.

I completely agree with you. Despite the fact that Bitcoin is not yet officially accepted in all countries, its price has risen to $69k. As I recall, Bitcoin reached such a high price in 2021 due of hype. How much more if Bitcoin is legally accepted in every part of the world? It is not likely to happen in the next few days, but I believe that the price of Bitcoin will hit $100,000 due to the halving next year. That is why it is advisable to accumulate Bitcoin now, while the price has not yet reached such levels, because it's highly possible that the price will never return to this current price if Bitcoin reaches those levels.

Reality check, we can't expect every country to just accept btc in their financial system.
But if large population will use it in their everyday payment method, definitely the price will shoot up.
However, we are still just speculating on this matter. We will know the possibility if we can actually see the progress in the market.

It's going to be more than just a 100k if everyone's using bitcoin as a currency because there's only so much bitcoin out there and so many expenses, I don't know if this is accurate but I've seen that there's about 34.7 trillion USD is spent globally now if you were to divide that to 18 million bitcoins accounting for lost bitcoins, then you'll probably see that the worth of bitcoin is going to be more than just a 100k even if say bitcoin only gets to be part of that half of that spending, bitcoin will still be worth more than 100k so fingers crossed that it's going to happen in the future and that when that happens, a lot of us would be hodling large amounts of bitcoin.

The value of an asset is based on supply and demand, so as long as demand for bitcoin increases it is inevitable that it will reach higher prices. Although it's all just our speculation, if we look at what's going on and what bitcoin has conquered, we have the right to believe and have faith in the future of bitcoin. 
To be honest, a goal of $100k is a pretty modest goal for me. I even believe that bitcoin will reach higher prices in the future because its demand is growing constantly.

That was my previous belief, but today we must expect for the unexpected. Bitcoin is not like anything else; it is a one-of-a-kind commodity to us. People used to be afraid of utilizing Bitcoin, but as time passed, they began to accept Bitcoin payments. I believe it is also possible that nations who do not accept Bitcoin may do so in the future. We need to be confident that it will happen; it will help a lot.

Considering on the percentage % of the overall population who do knows and get involved with bitcoin then we are really just that too small. There's so much room for us to grow more
and this is why it is really that safe to assume that 100k isnt really the peak price. We know that recognition is still on the move, not every corners of the world are knowing Bitcoin existence
which means that there's still potential. If we do saw different speculations in price in the market or in the internet there are even rumors of million per coin but well this is really that
becoming that unrealistic or something that too far off to reach on which we know that time will tell and the demand of it will really be the basis on how far it would go.

For now then it would be best that we should be taking up consideration on making out those investment position or entry within the market. We cant really
just that make ourselves letting again on missing the train if ever the price would be shooting up into the moon. lol

Most of the people only hesitate to invest in bitcoin due to restrictions of country but once government accept bitcoin then there will be no one who will not  buy bitcoin. Everyone wants bitcoin investment as they are familiar with annual success of bitcoin but some are not allowed for making investment and some have no money to make investment.

If bitcoin become an acceptable currency then the value of bitcoin will increase and also bitcoin will be used for payment purposes like people will pay cash in the form of bitcoin. I think coming halving will have huge impact on many country so may be due to this impact bitcoin get accepted by many countries.

If all countries in the world were ready to accept and adopt Bitcoin and use it like they use fiat in life, perhaps the conditions would be very different because a very extraordinary increase could occur directly in Bitcoin. But the ATH that Bitcoin has achieved in the range of $69K is purely because of the trust of many people in Bitcoin, not because all countries have approved Bitcoin.

So in terms of the next ATH value in Bitcoin it will probably be close to $100K if the number of people who believe in Bitcoin continues to increase and it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

If we do consider on how many % of the current population now do knows about Bitcoin or crypto then we can really say that there's still soo much room to grow on which means reaching or breaking 100k would really be just a piece of cake on which on the time that we do able to reach out that kind of situation then 100k would really be just that a small number. This is why it would really be that better that you should really be that
wise on taking up position while the price is really that low.Also, its not really that bad to take some entries now considering the price is still low, not that much or everybody could be able to do so considering that the price is really high but we know that we can buy in fractions.

Acceptance and adoption would really be the key for the price would really be going upward but we know that there's no assurance that we would be going into that price
but at least we are really that seeing that it does have potential. Lets just see on how things would really be ending up but since we are still a decade
in existence and there's still so much space to grow.

Acceptance yes and usage on a daily basis would also push the price as there is friction in any system, which would have an impact on the supply and demand situation for Bitcoin. But what will give Bitcoin really give a push is the institutional involvement now as some of the products they plan to offer will also require them to hold Bitcoin in reserves. Not all of those products, but there are products that will come with reserve requirements, That is no surprise as a bank could kill itself literally if they don't hold the reserves for a highly volatile asset. Everyone knows some of the well-known stories like those of the last financial crisis in 2007. With all these reserves and private savings invested in Bitcoin, the highly liquid part of the Bitcoin supply would shrink. Since it is safe to say that over time more people will find out about Bitcoin and use it, all these removals from daily circulation will have an impact on the price.

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Just to be real though, the price is not going to immediately rise even if bitcoin is going to be accepted universally. It will go on a process and as we know that we have bull run and bear market season.

So it's not just be a matter of time, on the contrary it might not happen soon. As we all know that there are countries that are still against crypto in general. Only El Salvador and few nations have accepted it as legal tender. So it's going to be a long battle in the next decade to see that bitcoin is universally accepted or not or USD will still be the preferred medium of exchange although several countries has started it's dollarization.

That isn't necessary at all, even if adoption reaches more ordinary people, it can still get the job done because it's all about investments, and if one person is investing $10k and 10 people are investing $30k cumulatively, the latter will have a higher influence on the price because it increases the demand and the price of Bitcoin fluctuates based on the demand and supply in the market. So, we should hope that those adopting Bitcoin must be bosses or officials, but it should be ordinary people but in greater numbers.

It will also have a higher chance of spreading faster if ordinary people learn about it and become interested because ordinary person would always talk to people they meet about what they do and what they like, and if they have recently learned about Bitcoin and also invested in it, the chances are that they will mention it in every conversation they have with someone. Thus, higher potential for more adoption.

Governments prefer more stable currencies and they usually hate significantly fluctuating currencies so it will be very difficult for all countries to accept bitcoin as a currency.

So it's hard to imagine if all countries accept it, at this time it is still impossible even in the next few decades bitcoin will definitely be more against it, the government just wants control over them and can control everything, then bitcoin is difficult to control so more against it than accept it.
Still the local currency of each country will definitely be maintained even though it is drained by inflation but people still believe because there is a government that guarantees it.

I dont think its ever happening by government order, I realize we have one country thats done it at least but widespread I dont follow that many countries will.  Just because its mostly does not benefit that regime and also the people themselves wont be the originators of this currency, even gold and silver was debated while being mined in those places it was used.  BTC will be seen as something external in many countries especially if not benefitting from electronic production themselves.   I'd say BTC does go with hydro power or many types of energy which might otherwise be isolated and so those communities should or could be using BTC but not everyone will agree and overall renewal power is still minority by far, if we all had wind power on the roof therefore we can mine cheap then yes I agree with OP.
  100k can occur anyway, doesnt require government or laws to make it a feasible price that occurs sometime.

Since bitcoin is not widely accepted everywhere, we anticipate that during the next bull run, its price will rise above $100,000. You may imagine what the price will be at a point when bitcoin becomes a legal tender all over the world.

You should know that demand drives up a product's price. The price of bitcoin will quickly soar to a million dollars if demand for bitcoin triples how it is currently. In any case, I do not intend for bitcoin to become widely accepted worldwide very soon or for its price to rise by millions more than anticipated.

Is it possible that the supply of Bitcoin will run out because most people are already holding it in preparation for the halving and bull run seasons? It doesn't seem possible, doesn't it? because there are still other traders who will sell who want to get a profit from Bitcoin, as far as I know.

That's why we're in the trading business here, because every second of time there are people selling and buying Bitcoin all over the world at this time. Apparently, the market is open 24 hours a day because the times of the countries are not the same everywhere in the world.

We do know that it isnt necessary on holding up a whole coin considering that we can be able to hold up fractions of it, the only thing that we can say that it is scarce on which that Bitcoin supply thats being produced becomes lesser and lesser on every halving period or situation and if we do try to compare the whole supply of Bitcoin basing up on the actual population worldwide and if we do say that it is really that been completely had been recognized or really that being accepted worldwide then expect that its price wont really be just hitting $100k but it would really be even more. It is really just that recognition and adoption would really be just taking up some time.

But of course lets not just that too in a rush when it comes to these numbers because it wont really be that a smooth sail ride if we do speak about 100k price point.
There would really be tons of ups and downs before we would be able to reach there. Actually it isnt really just that too far off i would say basing or looking with the current
price that we do have now but of course it will be taking up some time before we hit that.

you have called for 100k , but this is not what majority see if the total adoption happens ,
I guess we will have more than that at least 200k to even half a million when the legalities happened.

but we all  knew that this will not coming this soon or even in the next 10 years or will never happen at all .

Immediately ? there is no way it will happen overnight because we knew that market will react depending
to how much each country invest and uses.
and not just because it is accepted meaning the whole country will comply that great.

Each country has its own rules and regulations, so the application of Bitcoin in each country will be different even though they both adopt Bitcoin.
Not necessarily the price of Bitcoin will rise drastically, of course it takes time.
That will only be the initial hype of Bitcoin's rise when some countries accept it.

See how El Salvador announced that it fully accepted Bitcoin, The price did rise, but after a while the price began to decline back by more than -70%.

Accepted worldwide is quite a high delusion, Bitcoin even has many enemies because of its nature that cannot be regulated by anyone or decentralized.
Governments want to regulate completely, but they will never be able to.

That is what will happen , there are lot of companies now that seeking their chance to invest or even use bitcoin for their company but hesitant because of government restrictions and some other issues attached to using bitcoin.
but once this comes available and safer then those will jump buying and the price will surely get high that is what we want to see for a lifetime now.
wondering how much from that 100k will be the value then?

You are right in what you say, people have to be aware that the most important thing in a casino and in life is also something as essential as money, if we do not take care of our money things will hardly flow well, unless we are people very wealthy that we do not care about our money, but in the case that it is almost everyone, we have to take great care of our money, we cannot leave everything there so that it can be put in suspense, if we do not put in place self-control or we cannot allocate our money totally willing to lose, because things will get out of control and we will do things very badly, for that reason we must be coherent people and do good risk management, and not put more money than normal, at least in a casino, Sometimes we are people who can win from time to time in the casino and we decide to leave our money in our account, like a balance willing to play, but we must be careful, we should not waste everything, we must be people who have to do it well.

On the other hand, things can be seen differently, our funds in a casino must be very well managed and not left entirely there, but why? Or is it because the casino we leave is unsafe, no, what happens is that it is a temptation and we can easily fall into it, that is, if we leave it we can spend little by little and if we do not control ourselves, then we will lose everything, because money runs out, money goes away at any moment if we don't know how to manage it, so for me the management of funds has to be very well done, that is, if we only play a game per day and we are willing to lose 100usd but we have 400usd, well we withdraw 300usd so that the temptation does not remain there and we have a bad time because of ourselves, sometimes emotions make us make many mistakes, so that helps to have discipline, of course is my advice.

I think that things when it comes to adoption are quite Modest, there are already more adoptions, I am sure there are more adoptions right now than in 2022 itself, this year will close with great force, I am very sure that it will be like that, and adoption will be and it is already a fact, I don't see it any other way, the issue that apsa is that we are people of customs and since we are like that, we can see things in very different ways, and we will always have a very different position on the price of bitcoin. superficially, some people buy in a very secret way so as not to attract attention, because in countries that do not pay taxes they do not say much and do not declare it, that is something that each person does in their own way.

In the case of global adoption, countries are already making their provisions, they are Regulating to take money from there, they will not miss the opportunity to do so because they know that there is a lot of money where they can earn, 100 thousand USD is not the price, It Should be more.

I don't think that will be possible, if every country legalizes cryoto currency to replace active money then their economy will be destroyed especially in terms of exchanging goods and services, and I think even if bitcoin is not legalized by all countries in the world, BTC can still reach $100k  , but that won't happen anytime soon, it might take another 5 to 10 years.

The global acceptance of Bitcoin will definitely increase its usability and which will aswell increase demand and the demand and supply effect on Bitcoin will definitely increase the value further as it will become a commodity in demand ad the effects of scarce and want will aswell play out too, this will have good impact on so many economy and also also creat more jobs and opportunities for those who didn't get on before then. The advantage this could avail so many can't be overly emphasized.

First you have to explain in detail the meaning of BTC being legally accepted, accepted as an investment vehicle or as a means of payment? If it is accepted as an investment vehicle or digital asset, maybe this makes sense and in the future there will be regulations governing this issue. but if it is accepted as a means of payment, this seems impossible because it is impossible for there to be any other legal means of payment other than fiat currency.

I think the problem will even be from the laws and legal force in each country,since the laws are very different in the countries and finding a solution that will suit absolutely everyone will be unrealistic.I think for any user the most important thing is an exchange in two directions, and the laws and loyalty of the state are not so important.

All problems will always have a better solution when everyone is so aware of the laws and regulations in their respective countries, because in all countries there are always exchanges that have permission to operate smoothly enough so that it will not be difficult for those who want to accept Bitcoin like like receiving fiat money in life. So there is no need to worry about laws because when all countries and all people have accepted Bitcoin equally in their lives, of course there will also be special laws against it.

Each country has different legal regulations that regulate cryptocurrency users as a tool for investment and even make bitcoin a legal means of payment, but some countries regulate strict regulations for cryptocurrency or even prohibit it for any purpose of use. However, overall cryptocurrency developments are very positive because relatively all countries have made a positive approach to accepting bitcoin despite implementing strict restrictions so that it does not displace legal currency.

The government has considered regulations to give operational permits to exchanges that have relatively large volumes, they see the high tax revenue side of exchanges so they are implementing new regulations to allow crypto exchange operations even though the regulations are only to regulate asset exchanges and for investment, but this is only initial stage to grow more of the population using bitcoin globally.

We always have to be careful about the laws, so things that are allowed now might not be allowed in the future, which could prevent a lot of things. So it's always more beneficial and future-oriented to develop things within the law and spread them to users without ignoring the law.

As Bitcoin develops and the number of users increases, governments will not remain indifferent. They will make laws or decisions about Bitcoin, which will accelerate Bitcoin development. The problem is that not every country will take the same decisions. But I think most of them will have a positive attitude.

It looks like there aren't that many nations who are totally against it, the only one that is sort of known is China, because they can't control it, but if what happened to Russia ends up happening to China (sanctions) then I bet that they will try to use crypto and will enjoy it as well.

I get that some people may not prefer that, like dictator in China would not want something like that and will try his hardest to get rid of sanctions, but meanwhile they have one they will use bitcoin without a doubt, to be fair they will do whatever in their power to not do that. That's what the Russia vs Ukraine war helped with the world, if it had any type of benefit at all, it was all showing the world we will not stand down if our enemies started to attack our friends.

In general, if we invest with BTC, we can make a lot of money quickly but provided that it is properly managed. Yes, a good understanding from you. I think that's exactly right and that's how it will happen if it goes according to plan and what we will see will always happen always Buy, sell, send and receive bitcoin.

Essence If more people use it and for this reason the price increases but must remember to Bitcoin prices are highly dependent on several factors such as market volatility, international prices and supply levels.

For a while , you don't have to look at that perspective that the world is accepting bitcoin but still you can expect bitcoin reaching that price value , maybe not this Halving( if there are lots of hindrances) but in the next halving even without that acceptance mate.
which I mean we are not expecting that to come anytime soon or will never forever because each countries has their views and target for their people , but the price of bitcoin will always seek for higher positioning each 4 years cycle so look at the bright side.

That should be a big movement for every government but I am certain this will not come sooner because there are even other countries that has Banning  rules against bitcoin as they are questioning the capability and the decentralization of the coin in which did not goes towards their policy and targets.
I believe that once Bitcoin is accepted as investment materials then being accepted as payment will follow because it is not for government to decide who will accept bitcoin but it is from the business sectors(or some government transactions of course)

What I believe is something very possible, so let's imagine that bitcoin is accepted worldwide as another currency, no, it will not be worth 100 thousand USD, I think the value would be incalculable, because only the fact that they use it as a currency to pay anything without taxes, without persecution on the part of the governments, because that can reduce a price without exaggeration of $1Million, because people are like that, they all act on the safe side, and when they are told that something is safe, they all pounce on it, like this That wouldn't be bad, I know it's an exaggerated figure, but you have to see what the people are like, everyone will want to have Bitocin and the wealthiest will buy everything they can just to show it off.

I can't buy 1 bitcoin because the truth is it's money I don't have, my job doesn't give me enough for that, but when I can I buy a little at a time, it's insignificant, in fact I know how much I buy, well it's a shame, but that's how little by little it becomes It fills the glass, from gothic to gothic.

Changes is something inevitable specially if government would really be able to see that they arent been able to control it already then it would really be always the subject for regulation or those laws that would be imposed or would really be that integrated and there's no way on avoiding with that and this is something that would really be inevitably happen when government would really be starting up to have those
intervention. Speaking about $100k then it would really be just that small if we do consider the current % of the population who do knows about Bitcoin existence or to those people whose aware about
cryptocurrencies existence.

When we do able to hit up on the situation on which the adoption and recognition rate wouldreally be hitting up 100% and majority of countries would be accepting or legalizing Bitcoin
then we wont really be just that able to see 100k but it would be even more. This is why lots of people who do consider it out as a good investment specially for long term,
but somehow you should not forget in speaking about the risks involved since we dont really know on what would actually happen in the future.

It's obvious that if bitcoin should be accepted as a legal tender it will be increasing every day by day and more investors will come in, so therefore I believe that bitcoin adoption worldwide will make bitcoin price to continue to escalating in price, so bitcoin will have alot of valuable regards for people who devalue bitcoin, so bitcoin should be one of the major challenges government have now and they can not allow bitcoin to be generally accepted

Yeah, it is obvious because demand of its usage will increase and that means more liquidity in the market and more people will buy Bitcoin so simply the demand of it comes with an increase on its price.

It varies as per these governments have their own ways of dealing Bitcoin. Some don't really like it as it's said that it's used by criminals as if cash isn't. But that depends with the consensus per government.

I personally believe that if Bitcoin was to be accepted by any country that its value will be way more than $100k. I mean look at where we are today: with all the restrictions, countries that are against Bitcoin, and all, yet we’ve still be able to hit $60k. In fact $100k is quite an understatement because the kind of traffic we would see would be really massive. Well, let’s get back to reality because that’s not happening; all the countries cannot have that same mentality at the same time. 

Actually the overall price Fluctuations is due to supply and demand when there are large number of people buying bitcoin then price rise but when large number of individuals decide to sell their asset then it adversely effect the price of bitcoin. Previously people were not ready to buy bitcoin but now if they heard about halving so they are buying more bitcoin as a consequence of which the price of bitcoin get bigger and they will now buy bitcoin at larger price as compared to those who have bought bitcoin in 2022.



Some Government has stopped the use of bitcoin as they assume that it is used for illegal activities so if bitcoin transaction become banned then illegal activities will also be easily removed from one country. Without doubt it can be says that all people are not using it for illegal activities but few are doing it which put bad image on others too. May be there comes a time when each and every country start accepting bitcoin but till the date it is not an acceptable currency all over the world.

Bitcoins cannot be officially accepted as a mode of payment. This is because Bitcoins are limited or fixed in number. Hence this can consider as a finite asset. Yes you can trade the coins for something in return, but cannot use it as a mode of payment.
Now regarding OP’s concern, he is asking if it’s legalised as an asset, and have governments support, then what will be the scenario? According to me, it will lead to increase in demand to buy the coins and hence the price will go up.

It is highly imposible that all countries will adopt bitcoin as legal tender.
because every country already has a legal tender in the form of currency that is used as a means of payment.
If bitcoin is used as a legal tender, it can kill the country's local currency.

Yes, you are right, it is very unlikely that BTC will become a legal means of payment in all countries on this earth, including in my country, as mandated by the country's constitution that no other currency can be used as a medium of exchange other than the rupiah. Therefore, all types of currency other than rupiah are prohibited from being used, even if someone forces them to do so, they will be punished according to the regulations in my country.

but if it is intended for countries that do not have a strict constitutional message like in my country, it might happen, to be honest, this will be a big spike, but I really doubt that gas fees will be expensive and transaction congestion on the BTC network itself, so it won't would work effectively if only 50% of world transactions today used bitcoin.

You are right,  right now there are still restrictions from several countries, but Bitcoin is still able to move and continue to increase. Since the beginning of the year, it has been seen that Bitcoin is moving better.With a situation like the current one, it is certain that Bitcoin will be able to reach $100K, especially since the whole world has decided to legally accept it as a valid transaction tool. Of course, more and more people will use it, and Bitcoin turnover will be higher, resulting in the value of Bitcoin continuing to increase due to high demand.Hopefully, Bitcoin will become a legal tool that can be used like the US dollar because it is simpler and there is no intervention.

Bitcoin being legal globally will increase its price over 100k. Over even 500k. With the restrictions and hindrances Bitcoin is facing currency, they price is over $40k so imagine when it would be legal and acceptable everywhere.

Demand for Bitcoin increases the price so imagine if the demand for Bitcoin increases by a thousand percent. Lol. The price might even go above a million dollars.

I don't really think about things like this because it's kind of irrelevant. It's irrelevant because it's not going to happen. A few countries can make Bitcoin legal tender, but the whole world would never accept it.

Talking possibility bitcoin will raise to $100k if accept as worldwide legal currency payment transaction likeyly not diffiuclt yet. Bitcoin has potential raise to higher price if many country not giants with Bitcoin as payment digital in the future.
But each country have own rule about legalize or not bitcoin as currency payment transaction because they still not believe with bitcoin impact in the future.
Personally wish bitcoin will get positive respond from all countries around the world and make bitcoin easily raise to $100k.

But I don’t think OP meant Bitcoin being accepted as the default currency for all the countries. I think what he’s saying is that if all the countries can accept it as a legal means of making payment. So, people transacting in Bitcoin without any issue. But then, even if it’s that simple, I don’t think all the countries will eventually accept Bitcoin. There will always be stubborn countries who will just want to decline so they look different. But for a fact, I believe that as the day goes by, many countries will legalize and accept Bitcoin.

Everything that has to do with Bitcoin is quite obvious that things can be very good, because there is talk that it can reach $100k , but the most Positive in their Analysis may have said that it will reach more than $150k, which makes me It seems pretty good, that means that now everything that comes with bitcoin is favorable for us , those of us who have some debt exchange because that is Something that can benefit us, we are the people who have Emotions , which sometimes lets us get carried away by that , and the only thing that makes us human, the fact that we have many things to review in order to be successful is that, being human and doing things with love so that we all do well, some of us keep bitcoin and put it in Hodl mode, because I'm afraid the next increase could be bigger, to more than $100k.

The least believers do not Recommend leaving bitcoin because they say it will fall a lot, there will always be enemies and people who do not have a very good view of this , I Understand them, but it is something that is our decision, and our future.

Recognition and adoption might really be that still on the move but it doesnt mean that it would really be that applicable in most parts of the world on which there would really be those places on which they would really be banning or prohibiting Bitcoin or in overall cryptocurrency ideas. This is why it would really be that better that you shouldnt really be that too optimistic about global adoption scale because not all government of each country would really be having that kind of easy approach towards crypto on which we do even see up to this moment that there would really be those places on which they do make out some consideration and regulating it
but most of them are really that still on neutral or in between. They cant be sure whether they would be accepting it or not as of this moment and also we've seen into those countries who had completely ban
Bitcoin or crypto on circulating out into their country on which we know that it cant be completely get rid of it but having these prohibitions really do sucks as a crypto enthusiast living into that place.

$100k is really just that small if we do speak about global adoption scale into the sense that majority of country does share up on the same positive sentiment towards Bitcoin
then we cant really just that be able to see those digits or numbers but it would really be much more higher.

I don't imagine that bitcoin and other cryptocurrencies will reach global scale adoption levels easily any time soon. The government needs quite a long time to consider all aspects that could have an impact on its implementation, both negative and positive. So far governments have tended to think about how to compete with bitcoin and other cryptocurrencies with CBDCs, so they will think about the idea and roll it out.

Apart from government regulations that prohibit bitcoin as a legal means of payment, in some countries it is also necessary to consider many other factors before determining the legality of its use case. Bitcoin does not have a physical form like other currencies, Bitcoin also cannot guarantee that investors will not lose money and none of the users can guarantee that their money will never be lost if they lose access to their wallet. The government considers that to be a number of reasons, but it is not the main reason.

Bitcoin doesn't need global adoption to reach $100k, it just needs more trust from big investors to invest in it to get $100k in value. A halving could help bitcoin break $100k in the future, as could a spot bitcoin ETF.

Like I mentioned earlier, I actually do not believe that all countries in the world will accept Bitcoin or cryptocurrencies at large. But the post if about ‘what if’. So the responses are tied to the assumption of Bitcoin being accepted by every country in the world. And like you agreed, $100k as the value of Bitcoin is small as it will likely be way more than that considering that it isn’t just a couple of countries or the top countries but every country including all big countries too. That would be massive ‘if’ it were to happen.

If this had to be equalized for all countries in terms of accepting Bitcoin like accepting other currencies in life, of course the threat would be the value of the fiat currency in each country itself. Even though Bitcoin does not aim to kill any country's currency, this could happen as a result of Bitcoin's increasing use and increasing trust by many people so that there is a possibility of experiencing major changes in its value or price. So I wouldn't assume it's the same for every country in their desire to accept Bitcoin (if that actually happens)

It’s surprising how you still seem to miss the point too. OP is simply asking a question saying that if crypto is accepted in all counties, will the value be up to $100k. He isn’t saying that it’ll happen that way, he is just assuming it was the case. For even half the countries to accept bitcoin, it’ll be a lot, that’s totally known but what if Bitcoin somehow pulls through, do you think it’ll be worth up to $100k. That’s his question.

If every single country out there said Yeah, Bitcoin's good with us, that would make a ton more people want some.  When more people want something but there's still only so much of it to go around, the price shoots up.  So if all at once billions more people could actually use Bitcoin for buying stuff it wouldn't shock me at all if one Bitcoin wound up costing way over 100 grand.  Might even hit a million bucks.  Hard to say for sure, but more demand equals higher prices.

What about El Salvador (the first country who made it possible) and the other two countries who followed their foot steps? I'm sure they also have a currency which is a legal tender before they gave BTC the same status. They are a proof that it can also happen to the rest but we should be patient because it can take some time. They say that two is better than one.

So, if we already have alternative payment methods, then why can they just maximize their potential? Even them didn't kill the countries main currency so what is the difference of BTC? People will just use them equally or there will still be more people that will use the common/traditional ones.

that's for sure, when the adoption of bitcoin increases then its value also increases, people will only see Bitcoin as something they have to have but the bad effect is that when adoption increases then Bitcoin fees also increase, just look at the current example, the ordinal protocol that rides in the bitcoin network, bitcoin transactions have increased sharply, as a result, there are many bitcoin transactions that have not been completed quickly, it is clear that if there is no best solution to make bitcoin fees more stable then the only people who will use bitcoin and also invest in bitcoin are people who have a good economy only, Bitcoin will become a very special asset, which can only be owned by a handful of people.  There is still a lot of speculation going on in Bitcoin, especially as adoption increases rapidly.

Im not saying that it would happen on which we arent that blind that government wont really be that letting things to happen on which it wouldnt be so shocking on that scenario.We are really just that assuming if ever
adoption scale would really be that on global aspect on which it cant really be that possible. Now that the price is heading almost 50k then we arent still on a bull run yet. We dont need that global adoption phase
for us to reach $100k in speaking of price. We can really be able to reach out those numbers without needing that thing but still we do know that adoption and recognition is really on the move
on which it is something that would really be inevitable to happen. Reaching out 100k would really be just that a piece of cake and something that could be achieve so easily
even if we are really just that approaching that mid-way bull run.

well this is too much to handle when world wide adopt bitcoin as their legal currency maybe it will not only double the price it self maybe more than what you are expecting from it. as you can see if bitcoin can be use as a payment method by buying and paying some other bills etc. But in reality we had so called blind government that only wants fiat which they can easily benefit from people or others that can make them more rich what a greedy nonsense.