The El Salvador President, Nayib Bukele predicts 2 more countries will accept BTC in 2022 so let’s read more in today’s Bitcoin latest news today.
The President made history last year by becoming the first President to adopt Bitcoin as a legal tender. Now, Nayib Bukele predicts two more countries will follow his example in 2022 and also he predicted a price tag of $100,000 for the main cryptocurrency. It is safe to say that El Salvador is the most open country in terms of BTC adoption and voted for the asset to become a legal tender in 2021.
2022 predictions on #Bitcoin:
•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf— Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022
After this historic move, the nation and its pro-BTC president continued to outline Bitcoin’s merits and to gain more during the price dips but also use the proceeds to build more schools and hospitals. Despite the heavy criticism from traditional financial organizations like the Bank of England and the IMF, Bukele didn’t back down but other proponents of crypto outlined intentions to build a BTC City in El Salvador.
One of the predictions that marked the start of 2022 for BTC includes that the city’s construction will commence this year. He also thinks that two more nations will follow El Salvador’s path and adopt BTC as a legal tender. Bukele outlined the possible massive surprise at the Annual BTC conference but the 2021 edition brought a huge surprise as El Salvador announced plans to adopt BTC during the event. Bukele saw BTC become a major electoral issue in the US elections as the biggest economy continues to dabble with how to approach BTC and the rest of the crypto industry. In terms of price action, El Salvador said that BTC will go into a six-digit territory by hitting $100,000.
As recently reported, El Salvador’s BTC-supportive president announced that El Salvador bought the dip and the country reacted to the recent crash immediately, purchasing 150 more coins at an average price of over $48,500. It is safe to say that El Salvador is the most bullish country on BTC as it legalized the main cryptocurrency back in 2021.
Nayib Bukele, the president of the country, and his administration used every opportunity to take even more advantage of the opportunities in the market like the planning to utilize the BTC profits to build more schools and other ventures as well. Bukele announced his intentions to build a designated Bitcoin City and purchase $500 million more worth of the asset in a special bond. Bukele then said that his country started to accumulate more coins and the purchase of 150 coins during times of Bitcoin crashing came at the right time.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post