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Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts – Featured Bitcoin News

El Salvador’s president has made six predictions regarding bitcoin for 2022. He expects two extra nations to undertake bitcoin as authorized tender this yr. In the meantime, he expects El Salvador’s Bitcoin Metropolis to begin development in the course of the yr 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 yr 2022. El Salvador made bitcoin authorized tender alongside the U.S. greenback in September final yr.

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 predictions

El Salvador has bought about 1,391 BTC altogether since bitcoin grew to become its nationwide foreign money.

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Bukele isn’t the one one who expects extra nations to undertake bitcoin as authorized tender by the tip of 2022. The CEO of crypto trade Bitmex, Alex Hoeptner, predicted in October final yr that by the tip of this yr, “we’ll have a minimum of 5 nations that settle for bitcoin as authorized tender.” He famous that “All of them shall be creating nations.”

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Moreover, the Salvadoran president expects Bitcoin Metropolis to begin development this yr. 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 mentioned there wouldn’t be any taxes within the bitcoin metropolis apart from value-added tax (VAT). One other prediction Bukele made was that the volcano bonds shall 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 as a result of numerous dangers related to cryptocurrency. Financial institution of England Governor Andrew Bailey additionally raised considerations about bitcoin getting used as authorized tender in El Salvador.

Bukele additionally predicted there’ll once more be a “big shock” on the Miami Bitcoin Convention 2022 and that BTC “will develop into a serious electoral subject in U.S. elections.”

Tags on this story
2022 predictions, bitcoin bonds, Bitcoin Metropolis, bitcoin authorized tender, bitcoin nationwide foreign money, Bitcoin Predictions, bitcoin value prediction, nation adopting Bitcoin, El Salvador, El Salvador’s president, Nayib Bukele, volcano, volcano bonds

What do you consider the 2022 predictions by El Salvador’s president? Tell us within the feedback part beneath.

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Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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