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Author Topic: If bitcoin will accepted worldwide for legal then price rising $100k??  (Read 1527 times)
flyingcarpet
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July 16, 2023, 05:44:18 PM
 #81

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 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.
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July 16, 2023, 07:33:02 PM
 #82

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.

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.

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July 16, 2023, 07:46:36 PM
 #83

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.
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.

Quote
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.
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.
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July 16, 2023, 08:47:27 PM
 #84

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.

 
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July 16, 2023, 09:20:27 PM
 #85

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.

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.

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July 27, 2023, 09:19:46 AM
 #86

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.

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July 27, 2023, 04:26:13 PM
 #87

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
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July 27, 2023, 10:59:34 PM
 #88

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.

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July 27, 2023, 11:40:11 PM
 #89

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.

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July 28, 2023, 01:53:21 AM
 #90

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?

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.

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.
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.

 
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July 28, 2023, 06:56:03 AM
 #91

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?
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.


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July 28, 2023, 10:29:34 PM
 #92

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 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.

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.

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July 28, 2023, 10:48:47 PM
 #93

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 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.

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.

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July 28, 2023, 11:27:01 PM
 #94

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.

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July 29, 2023, 10:17:49 AM
 #95

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.

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July 29, 2023, 02:07:56 PM
 #96

what is your opinion about this?
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.
Quote
Worldwide adoption of bitcoin could mean smoother, more equitable trade and more financial access for those currently excluded. Worldwide adoption of bitcoin could mean smoother, more equitable trade and more financial access for those currently excluded.

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.

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July 31, 2023, 03:02:28 PM
 #97

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.
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August 05, 2023, 08:59:35 AM
 #98

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.

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August 05, 2023, 09:56:47 AM
 #99

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.

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.

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.

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.

 
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August 06, 2023, 06:03:46 PM
 #100

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.









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