Bitcoin price could hit $100,000 in 2022: Nayib Bukele

Bitcoin price could hit $100,000 in 2022 says the President of El Salvador, Nayib Bukele. Let’s find out more about this.

Introduction

The President of El Salvador, Nayib Bukele is confident that the value of Bitcoin might touch the $100,000 mark in 2022. The President is also optimistic about seeing Bitcoin getting adopted as legal tender in more countries.

Previously, Bukele has supported Bitcoin enthusiastically. Bukele’s led El Salvador became the first country in the world to accept Bitcoin as legal tender. Additionally, under Bukele’s leadership, El Salvador has amassed a lot of Bitcoins. Official estimates by the El Salvadorian authorities state that El Salvador’s treasury holds about 1,120 bitcoin, worth $66 million.

Bukele also expects two more major countries will hopefully adopt Bitcoin as legal tender. Legal tender means that Bitcoin can be used as a means of exchange to buy goods and services. As of now, most major countries are in no mood to accept any Cryptocurrency as legal tender. However, many countries allow Cryptocurrencies to be used as a means of exchange but with certain rules and regulations.

Thoughts on US elections

Bukele also said that Bitcoin “will become a major electoral issue in US elections this year”. Undoubtedly, Cryptocurrency has seen a regulatory turmoil in 2021. Governing bodies all over the world were discussing Cryptocurrencies. The United States Congress is also having discussions related to Cryptocurrencies. Bukele’s claims might be right about Bitcoin becoming a major electoral issue.

More predictions

Bukele also predicts that the Bitcoin City will soon begin construction. Bitcoin City will be a place in El Salvador which will be driven by sustainable energy reserves, and green mining. When completed, the city will have zero CO2 emissions and will be a a Bitcoin mining ecosystem driven by geothermal energy.

Bukele also expects that Volcano Bonds will become more popular. Their popularity will drive up the number of interested Investors. Additionally, Bukele also teased that there will be a huge announcement, a huge surprise at the Bitcoin Conference.

Bukele further tweeted that his predictions will come true. He said that “this tweet will age well”.

Conclusion

Bitcoin price could hit $100,000 in 2022 says the President of El Salvador, Nayib Bukele said in a tweet. Well it’s good to see him being optimistic about the future of Bitcoin.

Hopefully, you liked this article. If you liked this, and would like to read more articles like this, click this link to visit our website. Also, if you want to appreciate our work, please consider subscribing.

Please follow and like us:

Related Articles

Facebook
Twitter
Telegram