Post
Topic
Board Speculation
Re: If bitcoin will accepted worldwide for legal then price rising $100k??
by
oktana
on 29/12/2023, 20:54:41 UTC
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It is highly imposible that all countries will adopt bitcoin as legal tender.
because every country already has a legal tender in the form of currency that is used as a means of payment.
If bitcoin is used as a legal tender, it can kill the country's local currency.
But I don’t think OP meant Bitcoin being accepted as the default currency for all the countries. I think what he’s saying is that if all the countries can accept it as a legal means of making payment. So, people transacting in Bitcoin without any issue. But then, even if it’s that simple, I don’t think all the countries will eventually accept Bitcoin. There will always be stubborn countries who will just want to decline so they look different. But for a fact, I believe that as the day goes by, many countries will legalize and accept Bitcoin.
Recognition and adoption might really be that still on the move but it doesnt mean that it would really be that applicable in most parts of the world on which there would really be those places on which they would really be banning or prohibiting Bitcoin or in overall cryptocurrency ideas. This is why it would really be that better that you shouldnt really be that too optimistic about global adoption scale because not all government of each country would really be having that kind of easy approach towards crypto on which we do even see up to this moment that there would really be those places on which they do make out some consideration and regulating it
but most of them are really that still on neutral or in between. They cant be sure whether they would be accepting it or not as of this moment and also we've seen into those countries who had completely ban
Bitcoin or crypto on circulating out into their country on which we know that it cant be completely get rid of it but having these prohibitions really do sucks as a crypto enthusiast living into that place.

$100k is really just that small if we do speak about global adoption scale into the sense that majority of country does share up on the same positive sentiment towards Bitcoin
then we cant really just that be able to see those digits or numbers but it would really be much more higher.

Like I mentioned earlier, I actually do not believe that all countries in the world will accept Bitcoin or cryptocurrencies at large. But the post if about ‘what if’. So the responses are tied to the assumption of Bitcoin being accepted by every country in the world. And like you agreed, $100k as the value of Bitcoin is small as it will likely be way more than that considering that it isn’t just a couple of countries or the top countries but every country including all big countries too. That would be massive ‘if’ it were to happen.