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

[Davian144]

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

If all countries in the world were ready to accept and adopt Bitcoin and use it like they use fiat in life, perhaps the conditions would be very different because a very extraordinary increase could occur directly in Bitcoin. But the ATH that Bitcoin has achieved in the range of $69K is purely because of the trust of many people in Bitcoin, not because all countries have approved Bitcoin.

So in terms of the next ATH value in Bitcoin it will probably be close to $100K if the number of people who believe in Bitcoin continues to increase and it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

[Nrcewker]

Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

[Lanatsa]

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

If all countries in the world were ready to accept and adopt Bitcoin and use it like they use fiat in life, perhaps the conditions would be very different because a very extraordinary increase could occur directly in Bitcoin. But the ATH that Bitcoin has achieved in the range of $69K is purely because of the trust of many people in Bitcoin, not because all countries have approved Bitcoin.

So in terms of the next ATH value in Bitcoin it will probably be close to $100K if the number of people who believe in Bitcoin continues to increase and it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

If we do consider on how many % of the current population now do knows about Bitcoin or crypto then we can really say that there's still soo much room to grow on which means reaching or breaking 100k would really be just a piece of cake on which on the time that we do able to reach out that kind of situation then 100k would really be just that a small number. This is why it would really be that better that you should really be that
wise on taking up position while the price is really that low.Also, its not really that bad to take some entries now considering the price is still low, not that much or everybody could be able to do so considering that the price is really high but we know that we can buy in fractions.

Acceptance and adoption would really be the key for the price would really be going upward but we know that there's no assurance that we would be going into that price
but at least we are really that seeing that it does have potential. Lets just see on how things would really be ending up but since we are still a decade
in existence and there's still so much space to grow.

[mv1986]

If we do consider on how many % of the current population now do knows about Bitcoin or crypto then we can really say that there's still soo much room to grow on which means reaching or breaking 100k would really be just a piece of cake on which on the time that we do able to reach out that kind of situation then 100k would really be just that a small number. This is why it would really be that better that you should really be that
wise on taking up position while the price is really that low.Also, its not really that bad to take some entries now considering the price is still low, not that much or everybody could be able to do so considering that the price is really high but we know that we can buy in fractions.

Acceptance and adoption would really be the key for the price would really be going upward but we know that there's no assurance that we would be going into that price
but at least we are really that seeing that it does have potential. Lets just see on how things would really be ending up but since we are still a decade
in existence and there's still so much space to grow.

Acceptance yes and usage on a daily basis would also push the price as there is friction in any system, which would have an impact on the supply and demand situation for Bitcoin. But what will give Bitcoin really give a push is the institutional involvement now as some of the products they plan to offer will also require them to hold Bitcoin in reserves. Not all of those products, but there are products that will come with reserve requirements, That is no surprise as a bank could kill itself literally if they don't hold the reserves for a highly volatile asset. Everyone knows some of the well-known stories like those of the last financial crisis in 2007. With all these reserves and private savings invested in Bitcoin, the highly liquid part of the Bitcoin supply would shrink. Since it is safe to say that over time more people will find out about Bitcoin and use it, all these removals from daily circulation will have an impact on the price.

[GreenStox]

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

[Yaunfitda]

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Just to be real though, the price is not going to immediately rise even if bitcoin is going to be accepted universally. It will go on a process and as we know that we have bull run and bear market season.

So it's not just be a matter of time, on the contrary it might not happen soon. As we all know that there are countries that are still against crypto in general. Only El Salvador and few nations have accepted it as legal tender. So it's going to be a long battle in the next decade to see that bitcoin is universally accepted or not or USD will still be the preferred medium of exchange although several countries has started it's dollarization.

[doomloop]

it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

That isn't necessary at all, even if adoption reaches more ordinary people, it can still get the job done because it's all about investments, and if one person is investing $10k and 10 people are investing $30k cumulatively, the latter will have a higher influence on the price because it increases the demand and the price of Bitcoin fluctuates based on the demand and supply in the market. So, we should hope that those adopting Bitcoin must be bosses or officials, but it should be ordinary people but in greater numbers.

It will also have a higher chance of spreading faster if ordinary people learn about it and become interested because ordinary person would always talk to people they meet about what they do and what they like, and if they have recently learned about Bitcoin and also invested in it, the chances are that they will mention it in every conversation they have with someone. Thus, higher potential for more adoption.

[ajiz138]

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Just to be real though, the price is not going to immediately rise even if bitcoin is going to be accepted universally. It will go on a process and as we know that we have bull run and bear market season.

So it's not just be a matter of time, on the contrary it might not happen soon. As we all know that there are countries that are still against crypto in general. Only El Salvador and few nations have accepted it as legal tender. So it's going to be a long battle in the next decade to see that bitcoin is universally accepted or not or USD will still be the preferred medium of exchange although several countries has started it's dollarization.

Governments prefer more stable currencies and they usually hate significantly fluctuating currencies so it will be very difficult for all countries to accept bitcoin as a currency.

So it's hard to imagine if all countries accept it, at this time it is still impossible even in the next few decades bitcoin will definitely be more against it, the government just wants control over them and can control everything, then bitcoin is difficult to control so more against it than accept it.
Still the local currency of each country will definitely be maintained even though it is drained by inflation but people still believe because there is a government that guarantees it.

[STT]

I dont think its ever happening by government order, I realize we have one country thats done it at least but widespread I dont follow that many countries will.  Just because its mostly does not benefit that regime and also the people themselves wont be the originators of this currency, even gold and silver was debated while being mined in those places it was used.  BTC will be seen as something external in many countries especially if not benefitting from electronic production themselves.   I'd say BTC does go with hydro power or many types of energy which might otherwise be isolated and so those communities should or could be using BTC but not everyone will agree and overall renewal power is still minority by far, if we all had wind power on the roof therefore we can mine cheap then yes I agree with OP.
  100k can occur anyway, doesnt require government or laws to make it a feasible price that occurs sometime.

[JoyMarsha]

Since bitcoin is not widely accepted everywhere, we anticipate that during the next bull run, its price will rise above $100,000. You may imagine what the price will be at a point when bitcoin becomes a legal tender all over the world.

You should know that demand drives up a product's price. The price of bitcoin will quickly soar to a million dollars if demand for bitcoin triples how it is currently. In any case, I do not intend for bitcoin to become widely accepted worldwide very soon or for its price to rise by millions more than anticipated.

[gunhell16]

Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

Is it possible that the supply of Bitcoin will run out because most people are already holding it in preparation for the halving and bull run seasons? It doesn't seem possible, doesn't it? because there are still other traders who will sell who want to get a profit from Bitcoin, as far as I know.

That's why we're in the trading business here, because every second of time there are people selling and buying Bitcoin all over the world at this time. Apparently, the market is open 24 hours a day because the times of the countries are not the same everywhere in the world.

[Hamphser]

Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

Is it possible that the supply of Bitcoin will run out because most people are already holding it in preparation for the halving and bull run seasons? It doesn't seem possible, doesn't it? because there are still other traders who will sell who want to get a profit from Bitcoin, as far as I know.

That's why we're in the trading business here, because every second of time there are people selling and buying Bitcoin all over the world at this time. Apparently, the market is open 24 hours a day because the times of the countries are not the same everywhere in the world.

We do know that it isnt necessary on holding up a whole coin considering that we can be able to hold up fractions of it, the only thing that we can say that it is scarce on which that Bitcoin supply thats being produced becomes lesser and lesser on every halving period or situation and if we do try to compare the whole supply of Bitcoin basing up on the actual population worldwide and if we do say that it is really that been completely had been recognized or really that being accepted worldwide then expect that its price wont really be just hitting $100k but it would really be even more. It is really just that recognition and adoption would really be just taking up some time.

But of course lets not just that too in a rush when it comes to these numbers because it wont really be that a smooth sail ride if we do speak about 100k price point.
There would really be tons of ups and downs before we would be able to reach there. Actually it isnt really just that too far off i would say basing or looking with the current
price that we do have now but of course it will be taking up some time before we hit that.

[rodskee]

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?

you have called for 100k , but this is not what majority see if the total adoption happens ,
I guess we will have more than that at least 200k to even half a million when the legalities happened.

but we all  knew that this will not coming this soon or even in the next 10 years or will never happen at all .

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Immediately ? there is no way it will happen overnight because we knew that market will react depending
to how much each country invest and uses.
and not just because it is accepted meaning the whole country will comply that great.

[taufik123]

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Immediately ? there is no way it will happen overnight because we knew that market will react depending
to how much each country invest and uses.
and not just because it is accepted meaning the whole country will comply that great.

Each country has its own rules and regulations, so the application of Bitcoin in each country will be different even though they both adopt Bitcoin.
Not necessarily the price of Bitcoin will rise drastically, of course it takes time.
That will only be the initial hype of Bitcoin's rise when some countries accept it.

See how El Salvador announced that it fully accepted Bitcoin, The price did rise, but after a while the price began to decline back by more than -70%.

Accepted worldwide is quite a high delusion, Bitcoin even has many enemies because of its nature that cannot be regulated by anyone or decentralized.
Governments want to regulate completely, but they will never be able to.

[kotajikikox]

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

That is what will happen , there are lot of companies now that seeking their chance to invest or even use bitcoin for their company but hesitant because of government restrictions and some other issues attached to using bitcoin.
but once this comes available and safer then those will jump buying and the price will surely get high that is what we want to see for a lifetime now.
wondering how much from that 100k will be the value then?

[LUCKMCFLY]

<snip>

You are right in what you say, people have to be aware that the most important thing in a casino and in life is also something as essential as money, if we do not take care of our money things will hardly flow well, unless we are people very wealthy that we do not care about our money, but in the case that it is almost everyone, we have to take great care of our money, we cannot leave everything there so that it can be put in suspense, if we do not put in place self-control or we cannot allocate our money totally willing to lose, because things will get out of control and we will do things very badly, for that reason we must be coherent people and do good risk management, and not put more money than normal, at least in a casino, Sometimes we are people who can win from time to time in the casino and we decide to leave our money in our account, like a balance willing to play, but we must be careful, we should not waste everything, we must be people who have to do it well.

On the other hand, things can be seen differently, our funds in a casino must be very well managed and not left entirely there, but why? Or is it because the casino we leave is unsafe, no, what happens is that it is a temptation and we can easily fall into it, that is, if we leave it we can spend little by little and if we do not control ourselves, then we will lose everything, because money runs out, money goes away at any moment if we don't know how to manage it, so for me the management of funds has to be very well done, that is, if we only play a game per day and we are willing to lose 100usd but we have 400usd, well we withdraw 300usd so that the temptation does not remain there and we have a bad time because of ourselves, sometimes emotions make us make many mistakes, so that helps to have discipline, of course is my advice.

[danadc]

I think that things when it comes to adoption are quite Modest, there are already more adoptions, I am sure there are more adoptions right now than in 2022 itself, this year will close with great force, I am very sure that it will be like that, and adoption will be and it is already a fact, I don't see it any other way, the issue that apsa is that we are people of customs and since we are like that, we can see things in very different ways, and we will always have a very different position on the price of bitcoin. superficially, some people buy in a very secret way so as not to attract attention, because in countries that do not pay taxes they do not say much and do not declare it, that is something that each person does in their own way.

In the case of global adoption, countries are already making their provisions, they are Regulating to take money from there, they will not miss the opportunity to do so because they know that there is a lot of money where they can earn, 100 thousand USD is not the price, It Should be more.

[Samurai trieng]

I don't think that will be possible, if every country legalizes cryoto currency to replace active money then their economy will be destroyed especially in terms of exchanging goods and services, and I think even if bitcoin is not legalized by all countries in the world, BTC can still reach $100k  , but that won't happen anytime soon, it might take another 5 to 10 years.

[Zigabel]

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?

The global acceptance of Bitcoin will definitely increase its usability and which will aswell increase demand and the demand and supply effect on Bitcoin will definitely increase the value further as it will become a commodity in demand ad the effects of scarce and want will aswell play out too, this will have good impact on so many economy and also also creat more jobs and opportunities for those who didn't get on before then. The advantage this could avail so many can't be overly emphasized.

[Rasa nanas]

First you have to explain in detail the meaning of BTC being legally accepted, accepted as an investment vehicle or as a means of payment? If it is accepted as an investment vehicle or digital asset, maybe this makes sense and in the future there will be regulations governing this issue. but if it is accepted as a means of payment, this seems impossible because it is impossible for there to be any other legal means of payment other than fiat currency.