The President of El Salvador predicts that Bitcoin will become legal tender in two other countries this year – Bitcoin Featured News

The President of El Salvador has made six predictions for Bitcoin in 2022. He expects that two more countries will adopt Bitcoin as legal tender this year. At the same time, he expects that the Bitcoin City in El Salvador will start construction within this year, and the country’s volcanic bonds will be oversubscribed.

President Booker’s prediction of Bitcoin in 2022

The President of El Salvador, Nayib Bukele (Nayib Bukele) released his six predictions for Bitcoin in 2022 on Twitter on January 1. El Salvador made Bitcoin and the U.S. dollar legal tender in September last year.

First, President Bukele expects Bitcoin Reached 100,000 USD. Secondly, he believes that two more countries will adopt Bitcoin as legal tender.

El Salvador has Buy Approximately 1,391 Bitcoin Since Bitcoin became its national currency.

Bukele is not the only one who expects more countries to adopt Bitcoin as legal tender by the end of 2022. Alex Hoeptner, CEO of the cryptocurrency exchange Bitmex, Expected Last October, by the end of this year, “we will have at least five countries accepting Bitcoin as legal tender.” He pointed out that “all these countries will be developing countries.”

In addition, the President of El Salvador expects that Bitcoin City will begin construction this year. In November last year, he announced plans to build the world’s first Bitcoin city driven by a volcano and financed by Bitcoin bonds. He also stated that Bitcoin City will not have any taxes other than value-added tax (VAT). Another prediction made by Bukele is that the Volcano bonds will be oversubscribed.

His Bitcoin City announcement was made the day before the report issued by the International Monetary Fund (IMF) warn Due to the various risks associated with cryptocurrencies, El Salvador opposes the use of Bitcoin as legal tender.Andrew Bailey, Governor of the Bank of England, also proposed pay attention to Regarding Bitcoin being used as legal tender in El Salvador.

Bukele also predicts that the Miami Bitcoin Conference in 2022 will have another “huge surprise”, and Bitcoin “It will become a major electoral issue in the U.S. election.”

Tags in this story

Forecast for 2022, Bitcoin bonds, Bitcoin City, Bitcoin legal tender, Bitcoin national currency, Bitcoin forecast, Bitcoin price prediction, Countries adopting Bitcoin, Savior, President of El Salvador, Nayib B watch, volcano, Volcano Bond

What do you think of the President of El Salvador’s prediction for 2022? Please let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *