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

[n0ne]

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.

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[sunsilk]

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.

[bestcoins1]

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.

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.

[coin-investor]

If btc is legally accepted in all countries then huge number of investors will increase.

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

 

and the use of btc in various fields will increase.

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. 

[famososMuertos]

Obviously possible... //....  So if all counties recognised bitcoin then definitely it would cross more than $100k...

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.

[Agbe]

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.

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.

[GeorgeJohn]

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?

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

[sana54210]

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.

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.

[laurenB7742]

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.

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.

[Razmirraz]

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?

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

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.

[imamusma]

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.

[MiF]

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?

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.

[19Nov16]

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.

[Synchronice]

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?

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.

[bitzizzix]

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.

[posi]

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?

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.

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.

[Synchronice]

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.

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.

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.

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).

[lizarder]

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.

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.

what is your opinion about this?

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.

[jaberwock]

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?

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.

[Asuspawer09]

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 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.