If bitcoin will accepted worldwide for legal then price rising $100k??

[Unbunplease]

It will take time for bitcoin to become legally accepted in very country, and even before that time which is a long time from now bitcoin may have already reached this $100k price that you have set as target. there are many events that will favor bitcoin and influence the price positively, and also with the halving which is happening soon, there are still many predictions on the amount it will take the price of bitcoins to. Even if the halving does not carry the price up, it will take it to an amount close for other events to take the price to $100k.

If bitcoin is accepted everywhere, it does not mean that the price will rise quickly. Bitcoin has pretty slow transactions and a cumbersome blockchain. I still think bitcoin will probably be replaced by something else before it goes above 100,000. I hope I'm wrong.

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[goaldigger]

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

what is your opinion about this?

As the demand increases, we can expect for a limited supply and yes the price will also rise and that’s the simple law of demand and supply. We are aiming for the mass adoption since then but until now its far from reality but we are getting there in time, be more patient and store more Bitcoin now. The market is growing and many businesses are already considering Bitcoin, this might happen in the next five years.

[Wiwo]

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

what is your opinion about this?

This is a daydreaming wish because is going to take a very long time for Bitcoin to achieve that level of global adoption since at the moment only a few percent of the world population knows or uses Bitcoin, but I am certain that the value of Bitcoin will increase at that time and the 100k price you mentioned may be very low compared to what the price of Bitcoin will be at that time. Bitcoin will be a very scarce commodity at that time and if with the current supplier Bitcoin is this high in value how much more when Bitcoin attains global recognition?

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.

[Beparanf]

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

what is your opinion about this?

This 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.

[lixer]

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

what is your opinion about this?

My opinion is that you are clueless on the subject. Bitcoin will reach $100K with a very high probability within 2 years at most, and for that the legal status of bitcoin does not need to change.

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.

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.

[Frankolala]

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

what is your opinion about this?

It is sure that the price of bitcoin is will go above 100k if the whole world adopts bitcoin because the limited supply will make bitcoin for only the rich. A poor man wouldn't be able to afford bitcoin since it will be the most valuable assets in the world with high price. Bitcoin investors will be the most wealthy people in the 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

[Woodie]

~
Snip~

BTCitcoin is not created to replace fiat currency globally but as an alternative to be traded globally. I do understand that many think and expect that the cryptocurrency market is created to takeover the entire fiat and the banking world, which is not the case, you need to have a combination of everything.

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

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

Technically you are right and I agree and disagree at the same time!

Of course global adoption might not even happen, but with history showing that we have failed to get price to this mark and the only answer being institutional investments coming on board...and with these guys means indirectly getting the legal go ahead for everyone as these guys have a worldwide reach in most markets.

[ScamViruS]

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.

[Dr.Bitcoin_Strange]

Making bitcoin a legal tender isn't important before it can be used by a country. As long as bitcoin is legalize worldwide then it is possible for a lot of people to embrace bitcoin as an alternative currency to fiat. If bitcoin is accepted by the whole world a lot of investors wouldn't sell their bitcoin because it will be appreciated and kept idle in their wallet since it is also a store of value

Yea, I quit reading some meaning to this, and you are right. Bitcoin doesn't even need to be approved by the government to be accepted as legal tender. The reason is because the vision Satoshi had for Bitcoin was to be accepted as a means of payment through P2P, which means I don't need the federal government to approve Bitcoin before I can carry out a transaction, for example, with you (@frankolala). As long as you are a Bitcoin user and you agree that I can pay you with Bitcoin, then we can initiate a P2P transaction. That's what Bitcoin is all about. Bitcoin is for people who, genuinely on their own, have learned about Bitcoin or agreed to it, embrace it, and decide to use it. All this push for Bitcoin to become legal tender is not even making sense to me again.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Quidat]

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

what is your opinion about this?

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

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.

[JoyMarsha]

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

what is your opinion about this?

Despite not being widely accepted as legal tender, Bitcoin already has a sizable number of investors worldwide and its ATH has reached $69k. You can probably guess what the cost will be once it is widely used throughout the world and has attracted more investors and businesses. I guess a price of a million dollars.

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.

[STT]

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.

[Nazmul012]

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

[Mauser]

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

what is your opinion about this?

I 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.   

[Mr.suevie]

It will take time for bitcoin to become legally accepted in very country, and even before that time which is a long time from now bitcoin may have already reached this $100k price that you have set as target. there are many events that will favor bitcoin and influence the price positively, and also with the halving which is happening soon, there are still many predictions on the amount it will take the price of bitcoins to. Even if the halving does not carry the price up, it will take it to an amount close for other events to take the price to $100k.

If bitcoin is accepted everywhere, it does not mean that the price will rise quickly. Bitcoin has pretty slow transactions and a cumbersome blockchain. I still think bitcoin will probably be replaced by something else before it goes above 100,000. I hope I'm wrong.

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.

[Marvell1]

Making bitcoin a legal tender isn't important before it can be used by a country. As long as bitcoin is legalize worldwide then it is possible for a lot of people to embrace bitcoin as an alternative currency to fiat. If bitcoin is accepted by the whole world a lot of investors wouldn't sell their bitcoin because it will be appreciated and kept idle in their wallet since it is also a store of value

Yea, I quit reading some meaning to this, and you are right. Bitcoin doesn't even need to be approved by the government to be accepted as legal tender. The reason is because the vision Satoshi had for Bitcoin was to be accepted as a means of payment through P2P, which means I don't need the federal government to approve Bitcoin before I can carry out a transaction, for example, with you (@frankolala). As long as you are a Bitcoin user and you agree that I can pay you with Bitcoin, then we can initiate a P2P transaction. That's what Bitcoin is all about. Bitcoin is for people who, genuinely on their own, have learned about Bitcoin or agreed to it, embrace it, and decide to use it. All this push for Bitcoin to become legal tender is not even making sense to me again.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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?

[Weawant]

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 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.

[beerlover]

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?

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.

[palle11]

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?

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.

[Mehedi72]

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.