El Salvador’s President Nayib Bukele predicts that two extra international locations will provide Bitcoin as authorized tender in 2022

Advertisements

On New Years Day 2022, El Salvador’s President Nayib Bukele tweeted his predictions for Bitcoin in the coming year and made some very bold bets.

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

Bitcoin “is set to become a major election topic in the US election this year,” he said. The discussion about Bitcoin in the United States among politicians has really heated up in the last year. Many politicians, including 2020 Democratic presidential candidate Andrew Yang, as well as Republican Senators Cynthia Lummis and Warren Davidson, showed their support for the asset class. While other US politicians have voiced their concerns on the issue. Like Senator Elizabeth Warren, who believes that only the rich benefit. It will be very interesting to see how bitcoin regulation plays out in America as more politicians educate themselves on the subject.

The construction of “Bitcoin City will begin,” claimed the president. The announcement of this paradise for Bitcoiners came at the end of Bitcoin Week in El Salvador, where two BTC-focused conferences LaBitConf and Adopting Bitcoin were held. The announced plans for the city claim they will have 0% income, capital gains, property, salary and local taxes, and 0% carbon emissions.

In addition, he predicted that their Bitcoin bonds issued on Blockstream’s Liquid Network will be “oversubscribed”.

President Bukele is betting that Bitcoin will finally reach the long-awaited target of $ 100,000 per coin. That price target seemed like many people’s prediction for 2021, but ultimately missed an all-time high of $ 69,010 per Clark Moody Dashboard.

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

Following a second tweet, the president said, “This tweet will age well.” It seems 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.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Google Kinds Web3 Group — Sees Large Potential, Demand for Crypto Tech Help Bitcoin

Google Kinds Web3 Group — Sees Large Potential, Demand for Crypto Tech Help

Google is establishing a Web3 team within its cloud unit, noting that "it is...

By wpadminsonic164
Decentralized Metaverse Socialfi Platform Growth Permits NFT Show in Its App Bitcoin

Decentralized Metaverse Socialfi Platform Growth Permits NFT Show in Its App

sponsored While the latest news and information about cryptocurrency & NFT projects are better...

By wpadminsonic164
US Senator Says He is Bullish on Bitcoin As a result of It is Decentralized, Uncontrollable Bitcoin

US Senator Says He is Bullish on Bitcoin As a result of It is Decentralized, Uncontrollable

US Senator Ted Cruz says one of the reasons he is so bullish on...

By wpadminsonic164
How Bitcoin Saves Individuals In Ukraine Throughout Wartime Bitcoin

How Bitcoin Saves Individuals In Ukraine Throughout Wartime

The article describes Bitcoin's role in the Ukrainian economy during wartime. Although Russia's unprecedented...

By wpadminsonic164
This is Methods to Buy Your First NFT Area on Quik․com Bitcoin

This is Methods to Buy Your First NFT Area on Quik․com

sponsored Minting of NFT domains with exclusive TLDs like .chain, .metaverse, .vr, .doge, .shib,...

By wpadminsonic164
Bitcoin And These Who Represented Its Rules Throughout Time Bitcoin

Bitcoin And These Who Represented Its Rules Throughout Time

A record-setting year is coming to a close. Bitcoin is stronger than it was...

By wpadminsonic164
Mercado Bitcoin is the brand new sponsor of the Brazilian soccer membership Corinthians Bitcoin

Mercado Bitcoin is the brand new sponsor of the Brazilian soccer membership Corinthians

Mercado Bitcoin, the largest Bitcoin exchange in Latin America, has signed a sponsorship deal...

By wpadminsonic164
Central Financial institution of Brazil Chooses 9 Establishments to Research Digital Actual Prospects Bitcoin

Central Financial institution of Brazil Chooses 9 Establishments to Research Digital Actual Prospects

The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central...

By wpadminsonic164

Latest Posts

Prime 10 Altcoins to Watch Carefully in 2022 for Good Returns – Analytics Perception Stellar

Prime 10 Altcoins to Watch Carefully in 2022 for Good Returns – Analytics Perception

by Satavisa Pati January 1, 2022 You can invest in these top 10 altcoins...

By wpadminsonic164
Dogecoin: A very good entry set off for DOGE bulls could be discovered at… – AMBCrypto Information Dogecoin

Dogecoin: A very good entry set off for DOGE bulls could be discovered at… – AMBCrypto Information

Disclaimer: The findings of the following analysis are the sole opinions of the writer...

By wpadminsonic164
Polkadot

Top 10 Cryptocurrencies With a Better Future Than Bitcoin – hackernoon.com

Cryptocurrencies gaining popularity due to their ability to provide smooth transaction payments in a...

By wpadminsonic164
‘Night Sky’ Ending Explained and All Your Questions Answered – CNET Stellar

‘Night Sky’ Ending Explained and All Your Questions Answered – CNET

Prime Videos night sky might not be the most high-octane of sci-fi thrillers, but...

By wpadminsonic164
Binance stops Luna and UST exchanging following implosion – TechCrunch Binance

Binance stops Luna and UST exchanging following implosion – TechCrunch

Binance, the world's largest cryptocurrency exchange, has halted the trading of Terraform Labs' Terra...

By wpadminsonic164
Cardano

Ethereum, Ripple, Binance Coin, Cardano, and Polygon – Cardano Feed

This week, we take a closer look at Ethereum, Ripple, Binance Coin, Cardano, and...

By wpadminsonic164
An altcoin now displays the pre-breakout patterns of Cardano, Algorand, and Bitcoin, says Crypto Analyst – The Every day Hodl Cardano

An altcoin now displays the pre-breakout patterns of Cardano, Algorand, and Bitcoin, says Crypto Analyst – The Every day Hodl

A popular crypto strategist says a decentralized financial altcoin mimics the patterns of other...

By wpadminsonic164
Cardano NFT Disruptor – EGO.COM Enters the Game – Digital Journal Cardano

Cardano NFT Disruptor – EGO.COM Enters the Game – Digital Journal

US/NY – May 24, 2022 — Led by a team of artists, art dealers,...

By wpadminsonic164