Post
Topic
Board Speculation
Re: If bitcoin will accepted worldwide for legal then price rising $100k??
by
Fatunad
on 19/12/2023, 20:47:24 UTC
I think the problem will even be from the laws and legal force in each country,since the laws are very different in the countries and finding a solution that will suit absolutely everyone will be unrealistic.I think for any user the most important thing is an exchange in two directions, and the laws and loyalty of the state are not so important.
All problems will always have a better solution when everyone is so aware of the laws and regulations in their respective countries, because in all countries there are always exchanges that have permission to operate smoothly enough so that it will not be difficult for those who want to accept Bitcoin like like receiving fiat money in life. So there is no need to worry about laws because when all countries and all people have accepted Bitcoin equally in their lives, of course there will also be special laws against it.
Each country has different legal regulations that regulate cryptocurrency users as a tool for investment and even make bitcoin a legal means of payment, but some countries regulate strict regulations for cryptocurrency or even prohibit it for any purpose of use. However, overall cryptocurrency developments are very positive because relatively all countries have made a positive approach to accepting bitcoin despite implementing strict restrictions so that it does not displace legal currency.

The government has considered regulations to give operational permits to exchanges that have relatively large volumes, they see the high tax revenue side of exchanges so they are implementing new regulations to allow crypto exchange operations even though the regulations are only to regulate asset exchanges and for investment, but this is only initial stage to grow more of the population using bitcoin globally.

We always have to be careful about the laws, so things that are allowed now might not be allowed in the future, which could prevent a lot of things. So it's always more beneficial and future-oriented to develop things within the law and spread them to users without ignoring the law.

As Bitcoin develops and the number of users increases, governments will not remain indifferent. They will make laws or decisions about Bitcoin, which will accelerate Bitcoin development. The problem is that not every country will take the same decisions. But I think most of them will have a positive attitude.
Changes is something inevitable specially if government would really be able to see that they arent been able to control it already then it would really be always the subject for regulation or those laws that would be imposed or would really be that integrated and there's no way on avoiding with that and this is something that would really be inevitably happen when government would really be starting up to have those
intervention. Speaking about $100k then it would really be just that small if we do consider the current % of the population who do knows about Bitcoin existence or to those people whose aware about
cryptocurrencies existence.

When we do able to hit up on the situation on which the adoption and recognition rate wouldreally be hitting up 100% and majority of countries would be accepting or legalizing Bitcoin
then we wont really be just that able to see 100k but it would be even more. This is why lots of people who do consider it out as a good investment specially for long term,
but somehow you should not forget in speaking about the risks involved since we dont really know on what would actually happen in the future.