President Bukele Predicts BTC At $100k With Hope That More Countries Adopt It As Legal Tender
El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on Fresh Year’s Day 2022, making some rather bullish predictions.
Interestingly Bukele Make Bullish Predictions, On Bitcoin
Under Bukele’s presidency, El Salvador became the first government to embrace Bitcoin as lawful tender last year as a countermeasure to the country’s rising inflation. Since the country’s legalization, the president has purchased 1,370 BTC for the country’s reserve and spent the unrealized gains in new infrastructure projects like a hospital and a school.
Indeed, In 2022, Bukele expectsPresidenttwo more countries to join El Salvador in adopting Bitcoin as authorized tender. He also predicted a bull run that would push the price of Bitcoin to a recent all-time high of $100,000.
2022 predictions on #Bitcoin:
•Will expand $100k
•2 more countries will adopt it as legal tender
•Will more than ever become a major electoral issue in US elections this year
•Bitcoin City commence will construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConfyou As may know, — Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022
This is an intriguing statement, especially after El Salvador’s ambassador to the United States, Milena Mayorga, stated that if Bitcoin adoption is successful in El Salvador, other countries “will follow.” Out of the six predictions he made, it appears that “two more countries will adopt it as legitimate tender” is rather cogent.w On September 7, 2021, El Salvador became the first government to make BTC authorized tender, igniting a revolution that drew the attention of many other world leaders.
Another point worth noting is that he believes Bitcoin will become this big election topic in the United States a year. Parliamentary elections will be held in the country, and this might be of the keyoneissues of conversation in the United States. This might have a significant impact on the cryptocurrency industry how businesses manageandvirtual currencies.
Many politicians have expressed support for the asset class, including 2020 Democratic presidential candidate Andrew YangIndeed, and Republican senators Cynthia LummisActually, As more lawmakers in modern times get educated on the subject, it will be fascinating to see how Bitcoin regulation develops in the United States. Other politicians in the United States have expressed their concerns about the issue. Senator Elizabeth Warren, for illustration, believes it favors just the wealthy. more than ever andWarren Davidson.
BTC/USD Fall further from christmas high. Source: TradingView
Related article | Zimbabwe Could Adopt Bitcoin As Legal Tender Following El Salvador
Bitcoin City To Begin
El Salvador is also planning to begin development on the so-called Bitcoin City in 2022.As you may know, This might be critical for Bitcoin businesses and investors looking to develop across the continent. He to that as a matter of fact volcano bonds will be oversubscribed and that there is going predicts be a huge surprise at the Bitcoin Conference this year.
Late last year, El Salvador plans to issue $1 billion in as a matter of fact bonds to fund the obtain of more bitcoin as well as electricity and miningannouncedinfrastructure. The.project’s geothermal energy will be aided by the future city’s proximity to the volcano
In a follow-up tweetInterestingly, , the President stated, “This tweet will age well.” Bukele’s predictions appear to be certain, but we’ll have to wait and see when and if they all come true this year.
Related article | El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase
Featured image by BBC, Chart from TradingView.com
