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Author Topic: If bitcoin will accepted worldwide for legal then price rising $100k??  (Read 1471 times)
darewaller
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August 06, 2023, 06:45:25 PM
 #101

If Bitcoin is accepted globally, of course, it will make a surge in the number of users, of course it will be easy to reach $ 100K in a short time, now some small countries have made Bitcoin as an official asset so we must be optimistic that the long term of Bitcoin will soon be accepted.
Last time we almost hit $100k if the momentum continues so how much more when more countries and people join the revolution right? Maybe $100k isn't the only price we can reach but it will be $300k and above this time. I think if I'm not mistaken there is only 3 countries who made BTC a legal tender.

The progress for this one is slow but it's not a big problem that we must think of because BTC can still be used locally for payment purposes even without that accreditation. We can still attain a growth in its value. This is why we should act quick and invest in BTC now if you haven't done it yet, only because you are waiting for a good sign or signal. Don't, let the opportunity missed, right before your very eye.
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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August 06, 2023, 06:54:02 PM
 #102

Even with minute acceptance, Bitcoin managed to hit 67k $. Its very hard to believe that governments all around  will ever legalise the use of decentralized bitcoin. Since that will take control away from them. Bitcoin is not designed to replace fiat rather it has it'd own use cases. I have a firm belief that bitcoin will cross its ATH of 67k without acceptance of governments. There is very rare chance of bitcoin adoption at government level.
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August 06, 2023, 08:38:50 PM
 #103

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

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August 07, 2023, 12:09:51 PM
 #104

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

Bitcoin price will go higher when every country accept bitcoin but I think it will takes longer time may be some countries never accept bitcoin as because of bitcoin individual are mostly involved in online business where the paper money will be reduces in cost which is unbearable by the leaders of a country.
True, the path to global Bitcoin acceptance might take time. Meanwhile, XGo's innovative approach, especially its XGoID feature that simplifies sending and receiving crypto, could help make the transition smoother. It's functional and practical for both new and experienced users.
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August 07, 2023, 09:34:17 PM
 #105

100k$ won't be so big deal if bitcoin will accepted worldwide. Bitcoin still isn’t fully recognized by so many countries. Some counties allowed bitcoin by restricting its many facilities, that means govts of those counties make the bitcoin uses limited for people. So if bitcoin can record ath of $67k Even without all those things, then think what will happen when govt. Of all countries will allow full use of bitcoin among people! It would be huge. Even that time many big companies will accept bitcoin as payment method and many company will work with it and so on. So it would cross $100k easily, even i Won't wonder if it cross double of your expectation or even more
Not wont really be that much a hard thing for such milestone if ever we would really be able to hit up that full scale adoption on which we wont really be just seeing these current numbers or even that $100k.Basing up on statistics or those numbers that we are still 1-3% of the entire global population in speaking about awareness about Bitcoin or crypto on which means that there's still lots of rooms to grow on which it would really be that impossible that we cant really be able to reach out those higher digits if we do see that adoption scale would really goes to maximum but well this is something a dream that we do wish to come true yet we know that it cant really be just that so fast on trying out on integrating or recognizing something considering that government wouldnt really be looking so positive with Bitcoin or crypto investment on which it is really just that
common that they would really be going against with it which is one of the things that affects adoption or simply moving it slow or hindering it.

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Shinpako09
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August 07, 2023, 11:31:19 PM
 #106

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.
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August 08, 2023, 03:13:18 AM
 #107

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.

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August 08, 2023, 07:57:00 PM
 #108

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.

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August 10, 2023, 12:11:50 PM
 #109

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

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


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August 12, 2023, 12:38:10 PM
 #110

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

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August 12, 2023, 02:47:17 PM
 #111

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



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

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

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August 12, 2023, 03:14:16 PM
 #112

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

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

R


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August 13, 2023, 03:53:13 AM
 #113

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

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


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.



.
.BIG WINNER!.
[15.00000000 BTC]


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August 14, 2023, 11:53:59 PM
 #114

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

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


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.

R


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August 15, 2023, 03:03:18 AM
 #115

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.

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August 17, 2023, 07:38:50 AM
 #116

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.


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August 17, 2023, 12:35:33 PM
 #117

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?
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.



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August 17, 2023, 11:29:10 PM
 #118

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

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August 17, 2023, 11:50:59 PM
 #119

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.
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.
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August 18, 2023, 07:55:29 AM
 #120

If bitcoin will get accepted worldwide then we'll see a blast in crypto industry! Cause then crypto industry will bring revolution with bitcoin.  $100k is Very small amount for that situation cause we are expecting bitcoin to cross $100k restriction in next bull run and set another milestone without help of worldwide acceptance, so we cant imagine how incredibly bitcoin price will increase if it get invested by billions of investors. But due to controlling issue, banking policies, economical race,, it will need a long time period for governments to agree legalize bitcoin in whole world
More precisely, if it is accepted throughout the world and legalized, of course the price of $ 1 million is not impossible for bitcoin, or at least becoming a commodity trading asset that is legal throughout the world will definitely provide a very significant price boost for the crypto industry, especially for bitcoin, but indeed it takes quite a long time, many stages must be passed to get to that peak, various circumstances will definitely occur in the economic world, and maybe we still need several new generations as bitcoin beneficiaries to be adopted, it's still a long journey very long, I think my age is not certain to arrive at bitcoin at that peak.

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