El Salvador’s president has made six predictions regarding bitcoin for 2022. He expects two extra nations to undertake bitcoin as authorized tender this 12 months. In the meantime, he expects El Salvador’s Bitcoin Metropolis to start development through the 12 months and his nation’s volcano bonds to be oversubscribed.
Bitcoin Predictions 2022 by President Bukele
The president of El Salvador, Nayib Bukele, tweeted on Jan. 1 his six predictions regarding bitcoin for the 12 months 2022. El Salvador made bitcoin authorized tender alongside the U.S. greenback in September final 12 months.
Firstly, President Bukele expects the value of BTC to achieve $100,000. Secondly, he believes that two extra nations will undertake bitcoin as authorized tender.
Bukele is just not the one one who expects extra nations to undertake bitcoin as authorized tender by the top of 2022. The CEO of crypto alternate Bitmex, Alex Hoeptner, predicted in October final 12 months that by the top of this 12 months, “we’ll have not less than 5 nations that settle for bitcoin as authorized tender.” He famous that “All of them can be growing nations.”
Moreover, the Salvadoran president expects Bitcoin Metropolis to start development this 12 months. He introduced his plan to construct the world’s first bitcoin metropolis powered by a volcano and financed by bitcoin bonds in November. He additionally stated there wouldn’t be any taxes within the bitcoin metropolis aside from value-added tax (VAT). One other prediction Bukele made was that the volcano bonds can be oversubscribed.
His Bitcoin Metropolis announcement got here someday earlier than the Worldwide Financial Fund (IMF) issued a report warning El Salvador towards utilizing bitcoin as authorized tender because of numerous dangers related to cryptocurrency. Financial institution of England Governor Andrew Bailey additionally raised concerns about bitcoin getting used as authorized tender in El Salvador.
Bukele additionally predicted there’ll once more be a “enormous shock” on the Miami Bitcoin Convention 2022 and that BTC “will turn out to be a serious electoral subject in U.S. elections.”
What do you consider the 2022 predictions by El Salvador’s president? Tell us within the feedback part beneath.
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