2 years ago
El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects 2 much countries to follow bitcoin arsenic ineligible tender this year. Meanwhile, helium expects El Salvador’s Bitcoin City to commence operation during the twelvemonth and his country’s volcano bonds to beryllium oversubscribed.
Bitcoin Predictions 2022 by President Bukele
The president of El Salvador, Nayib Bukele, tweeted connected Jan. 1 his six predictions relating to bitcoin for the twelvemonth 2022. El Salvador made bitcoin ineligible tender alongside the U.S. dollar successful September past year.
Firstly, President Bukele expects the terms of BTC to scope $100,000. Secondly, helium believes that 2 much countries volition follow bitcoin arsenic ineligible tender.
El Salvador has purchased astir 1,391 BTC altogether since bitcoin became its nationalist currency.
Bukele is not the lone 1 who expects much countries to follow bitcoin arsenic ineligible tender by the extremity of 2022. The CEO of crypto speech Bitmex, Alex Hoeptner, predicted successful October past twelvemonth that by the extremity of this year, “we’ll person astatine slightest 5 countries that judge bitcoin arsenic ineligible tender.” He noted that “All of them volition beryllium processing countries.”
Furthermore, the Salvadoran president expects Bitcoin City to commence operation this year. He announced his program to physique the world’s archetypal bitcoin metropolis powered by a volcano and financed by bitcoin bonds successful November. He besides said determination would not beryllium immoderate taxes successful the bitcoin metropolis but for value-added taxation (VAT). Another prediction Bukele made was that the volcano bonds volition beryllium oversubscribed.
His Bitcoin City announcement came 1 time earlier the International Monetary Fund (IMF) issued a study warning El Salvador against utilizing bitcoin arsenic ineligible tender owed to assorted risks associated with cryptocurrency. Bank of England Governor Andrew Bailey besides raised concerns astir bitcoin being utilized arsenic ineligible tender successful El Salvador.
Bukele besides predicted determination volition again beryllium a “huge surprise” astatine the Miami Bitcoin Conference 2022 and that BTC “will go a large electoral contented successful U.S. elections.”
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What bash you deliberation astir the 2022 predictions by El Salvador’s president? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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