President Bukele predicts that Bitcoin will rebound by $100,000, further legal adoption, etc.

Last year, El Salvador became The first country to adopt Bitcoin as legal tender During Bukele’s presidency, as a countermeasure to the country’s growing inflation.Since legalization, the President has obtained 1,370 BTC as a national reserve and reinvested its unrealized gains in new infrastructure projects, including hospital and a School.

President Bukele predicts that two more countries will join El Salvador in 2022 and adopt Bitcoin as legal tender. In the same year, he predicted that the bull market would bring the price of BTC to a record high of $100,000.

On January 2nd, El Salvador’s President Nayib Bukele (Nayib Bukele) shared his opinion on Bitcoin (Bitcoin) Performance in 2022.

Bukele also envisions the upcoming explosive growth of two BTC-based internal programs in El Salvador – Bitcoin City and Volcano BondAs previously reported by Cointelegraph, the President expects Bitcoin City to become a fully functional city with residential areas, shopping malls, restaurants, and ports, “everything revolves around Bitcoin.”

According to Bukele, “Bitcoin City will start construction this year”, which means that a virtual city backed by a $1 billion BTC bond will be developed. With this development, he predicted that Volcano bonds will be oversubscribed.

Bukele also predicted that Bitcoin will become a major election issue in the U.S. election this year, and told his Twitter fans to pay attention to the “big surprise” at the Bitcoin 2022 conference.

related: Some Salvadorans claim that they lack funds in their Chivo wallets

The mainstream Bitcoin adoption in El Salvador has encountered a series of technical obstacles, and there have been recent reports that the country’s internal Bitcoin wallet Chivo funds have been lost.

As Cointelegraph reported, due to an unknown failure in the Chivo wallet, at least 50 Salvadorans reported losses totaling more than $96,000 in December.