The pro-bitcoin President of El Salvador Nayib Bukele made a number of predictions for the Bitcoin for 2022
Nayib Bukele, who made history last year by becoming the first President to adopt Bitcoin as legal tender, believes two more countries will follow this example in 2022. Additionally, he predicted a price tag of $100,000 for the primary cryptocurrency. Although, the Central American nation accepted BTC as legal tender in the region last year. It was easier after receiving immense support from its citizens.
Bukele mentioned that Bitcoin is likely to hit the price level of $100,000 in the coming months. “My 2022 predictions on BTC: It will reach $100k, 2 more countries will adopt it as legal tender, BTC will become a major electoral issue in US elections this year, Bitcoin City will commence construction, and Volcano bonds will be oversubscribed,” President Tweeted.
The construction of “Bitcoin City will commence,” the president claimed. The announcement of this Bitcoiner’s paradise came at the end of BTC week in El Salvador. Country was hosting two BTC-focused conferences LaBitConf and Adopting Bitcoin. The announced plans for the city claims it will have 0% income, capital gains, property, payroll, and municipal taxes, as well as 0% CO2 emissions.
The forecast clashes with recent and growing criticism from traditional financial organizations such as the Bank of England and the IMF about the token. And for him, on the contrary, as well as several supporters of the BTC, the construction of the Bitcoin city in El Salvador will further strengthen the cryptocurrency (hence the possibility of reaching the aforementioned six digits).
Despite the concerns, Bukele has continued to remain a BTC supporter. In fact, just before the year of 2021 wrapped up, the Salvadoran president predicted the end of fiat currencies altogether in the near future, owing to the increased popularity of BTC. At the moment, the price of Bitcoin is 46,600 USD.
