What would happen if Bitcoin became a legal currency?

[CHENIEN]

When times come that bitcoin will be legalized.. Thats the time that their are some adjustment market price of bitcoin because of taxes demand by goverment. All transaction of bitcoin will having taxes of course... But when in happens, the nation also benifits and the income of goverment will improved and grow high becauseof bitcoin. So why not that bitcoin be legalized that also whole nation will benifits also the income tax of bitcoin. And it will be open more to the public users...

[_Dawid_]

Firstly I would like to mention that bitcoin is still legan and illegal in the same time because of its heritage in some countries.
Bo if bitcoin would become a 100% legal currency in the world the price would grow few times more that it is currently (10 000k ) i think.

[Finestream]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

We will be celebrating to the fullest if that will happen. When bitcoin becomes legal it will be a good news to all users and will help for more easier transactions because bitcoin will finally be accepted all over the world.

That will happen in the future because the government has no choice but to regulate bitcoin, as what we are witnessing now, bitcoin's popularity is increasing because people wants to ride with the success holding to make fortune. When popularity continues then we can expect big business to adopt with bitcoin and it will carry its customers, they will do that because they trust bitcoin to be the best payment system online.

[Ajinomoto40]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

We can benefit a lot if ever bitcoin will become legalized worldwide. We are all experiencing these benefits but still we should consider the fact that it is not as easy as we think it is. There are a lot of innovations needed to be made first before applying the legalization to avoid unnecessary events. The capability of bitcoin to handle large number of people is not yet much improved so it is better to wait first on what may happen in the future and avoid rushing things.

[CookingRaptor]

When the btcoi willstill get rii of until the end of the season, that day is the day time that the bitcoin will end until then you have to be relaxed and produce bitcoinn d

[Granslam]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

If all goverments accept this i think the value of bitcoin will increase rapidly because theres a lot of people will going to invest here in bitcoin because  they know that bitcoin investment is the best way to earn more money in the future.

[banditsky]

One of the reasons Bitcoin was made was so we don't pay taxes to a third party (government) that then uses them to buy guns, war machines and surveillance equipment and puts a % of your taxes in private pockets due to inability of traditional accounting to 'account' for cash flow. Crypto-government run on smart contracts, full-transparency, I can see using crypto as main token of value but I imagine the future as small(er) communities using local crypto (e.g. BerlinCoin, UKCoin...) and connecting to the worldwide market via a standard, but I doubt BTC, more probably Ether as it is a platform on which local values can be made (so it is of value to the local community).

[Advicerabi]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

There are advantages and disadvantages when bitcoin became a legal currency.
Of course the price of bitcoin will be more expensive, more people who will use the bitcoin even that dubious about bitcoin will use it.
But the disandvantages the government will make part of it and they will take taxes from bitcoin usage.

[cheann20]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

 Well for me If bitcoin became a legal currency,This will be a big advantage for all of us specially who are associated with bitcoin deeply. And in this case there's a big chance value of bitcoin will be increasing and everyone who owns a decent amount of btc will be rich.It will be possible when Bitcoin use by world wide not just in one country..

[Naoko]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

 Well for me If bitcoin became a legal currency,This will be a big advantage for all of us specially who are associated with bitcoin deeply. And in this case there's a big chance value of bitcoin will be increasing and everyone who owns a decent amount of btc will be rich.It will be possible when Bitcoin use by world wide not just in one country..

it will really be convenient for everyone if bitcoin become legalized and people who believe in it will be able to use it in everyday life...after all there are already some stores that accept bitcoins as payment, that means that there is a possibility that it will spread all over the place

[engrdaver]

Here is my point of view:
It would be great if we could use bitcoin as a legal currency because it would unify nations financially by using only one currency for online transaction, however, since bitcoin has no exact value it would be difficult to use. Even if we consider satoshi as the form of payment, it will still be questionable because of price computation. Also, there is a limited supply of bitcoin so I don't think everyone can have the chance of acquiring one.

[glowing10]

If bitcoin be legal currency would definitely use it a lot and started to develop it into a business.I'm sure many people will start using bitcoin and bitcoin become popular around the world. The price of bitcoin also increase.

It would be interesting to read if some of the people from Japan would share their experiences on the ground reality as they have made it legalized and how things are shaping up before and after making it legal in their country. In basics it would be if it become legal people will be more confident that they would not get duped easily, more business will come and start accepting the btc, demand will certainly rise ,more and more people even start investing in it.

[noblesse09]

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

it will destroy the very foundation of our very own financial system that the created a long time ago. and the price of bitcoin will surge to the 100k-1m$ or more. we dont know i just know that if that happen money will keep pouring to bitcoin and all early adapter of cryptocurrency will become millionaires

[Sithara007]

If Bitcoin becomes a legal currency, then the other fiat currencies such as the Japanese Yen, United States Dollar, Russian Ruble.etc will die as slow death. This is due to the fact that Bitcoin is protected from inflation (due to the principle of controlled supply), while the fiat currencies are prone to inflation. So why should anyone use a currency which is not protected against inflation, when he has the choice of using BTC?

[cryptomaster4]

if btc can be a legal currency in whole world it will be the main currency in world.It will replace us dollars.and it will be easy to buy and sell goods,it's really good for dealers.

[payyy]

It will never happen, and you need to understand that if any crypto becomes legal, it will be Ripple since it is the most centralized coin who is almost connected with almost all the banks from all around the world.

Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?

[Kate Beckett]

If Bitcoin officially becomes a legal currency, I believe that most countries will switch to this crypto currency, as their national one. Bitcoin will favorably affect the economy. Even being "illegal", it helps to reduce the level of unemployment. I am sure that Bitcoin will be able to bring the world to a qualitatively new level.

[minthit]

It's quite difficult to predict the future. But, if that happened, there will be a huge impact on global economy. Maybe it's not the only aspect. Politics can change too. A bigger globalization can happen. Whether it's for better or worse, only time can tell.

[henry3498]

This will be a big advantage for us are always consistent and committed to saving the bitcoin, because with bitcoin be legal then the higher price bitcoin because of the many requests and the least amount of bitcoin.

[leo6679]

If bitcoin become a legal currency it will be too good for the future of bitcoin, then more and more people will show interest in investing their money in bitcoin..