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El Salvador President Nayib Bukele Predicts Two More Countries Will Make Legal Bitcoin Offer In 2022

By on January 2, 2022 0

President Bukele tweeted his forecast for Bitcoin this coming year, including a price target of $ 100,000.

Salvadoran President Nayib Bukele on New Years Day 2022 tweeted his predictions for Bitcoin this coming year, making some very bold bets.

Apparently the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.” El Salvador became the first country to make BTC legal on September 7, 2021, sparking a revolution that has caught the attention of many other world leaders. This is a very interesting prediction, especially after the Ambassador of El Salvador to the United States, Milena Mayorga, said that if successful in their country, other countries will “follow” in adopting. Bitcoin.

Bitcoin “will become a major electoral issue in the US election this year,” he said. The discussion around Bitcoin in the United States among politicians has really heated up over the past year. Many politicians like 2020 Democratic presidential candidate Andrew Yang, alongside Republican Senators Cynthia Lummis and Warren Davidson have shown their support for the asset class. While other American politicians have expressed their concerns on the subject. Like Senator Elizabeth Warren, for example, who think it only benefits the rich. It will be very interesting to see how Bitcoin regulation plays out in America as more and more politicians learn about the matter.

Construction of “Bitcoin City will begin,” said the president. The announcement of this Bitcoiner’s Heaven came at the end of the Bitcoin Week in El Salvador, hosting two BTC-focused conferences LaBitConf and Adopting Bitcoin. Plans announced for the city say it will have 0% revenue, capital gains, property, payroll and municipal taxes, as well as 0% CO2 emissions.

On top of that, he also predicted that their Bitcoin bonds, which will be issued on Blockstream’s liquid network, “will be oversubscribed.”

President Bukele is betting that bitcoin will finally hit the long-awaited target of $ 100,000 per coin. That price target seemed like many people’s prediction for 2021, but ultimately failed to hit a record high of $ 69,010 by Clark Moody Dashboard.

Finally, he claimed that there would be a “huge surprise” at the Bitcoin 2022 conference in Miami, Florida next April. Last summer, Bukele, with the help of Strike CEO Jack Mallers, announced that he was sending a bill to Congress to make bitcoin legal tender in El Salvador. One can only guess what ad he has up his sleeve for this year’s conference, which he will attend in person.

Follow-up with a secondary Tweeter, the president said: “This tweet will age well.” It looks like Bukele has a sense of certainty in his predictions, but we’ll have to wait and see when and if they all come true this year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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