{"id":480265,"date":"2022-01-03T21:02:50","date_gmt":"2022-01-03T21:02:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=480265"},"modified":"2022-01-03T21:02:50","modified_gmt":"2022-01-03T21:02:50","slug":"president-bukele-predicts-btc-at-100k-with-hope-that-more-countries-adopt-it-as-legal-tender","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/president-bukele-predicts-btc-at-100k-with-hope-that-more-countries-adopt-it-as-legal-tender\/","title":{"rendered":"President Bukele Predicts BTC At $100k With Hope That More Countries Adopt It As Legal Tender"},"content":{"rendered":"<p>El Salvador President Nayib Bukele tweeted his <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/12076038?s=20\" rel=\"nofollow\">forecasts<\/a> for Bitcoin in the year on New Year&#8217;s Day 2022, making some rather bullish predictions.<\/p>\n<h2>Bukele Make Bullish Predictions On Bitcoin<\/h2>\n<p>Under Bukele&#8217;s presidency, El Salvador became the first government to embrace Bitcoin as legal tender last year as a countermeasure to the country&#8217;s rising inflation. Since the country&#8217;s legalization, the president has purchased 1,370 BTC for the country&#8217;s reserve and spent the unrealized gains in new infrastructure projects like a <a href=\"https:\/\/cointelegraph.com\/news\/el-salvador-to-build-4m-veterinary-hospital-using-profits-from-bitcoin-trust\" rel=\"nofollow\">hospital<\/a> and a school.<\/p>\n<p>In 2022, President Bukele expects two more countries to join El Salvador in adopting Bitcoin as legal tender. He also predicted a bull run that would push the price of Bitcoin to a new all-time high of $100,000.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2022 predictions on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a>:<\/p>\n<p>\u2022Will reach $100k<br \/>\u20222 more countries will adopt it as legal tender<br \/>\u2022Will become a major electoral issue in US elections this year<br \/>\u2022Bitcoin City will commence construction<br \/>\u2022Volcano bonds will be oversubscribed<br \/>\u2022Huge surprise at <a href=\"https:\/\/twitter.com\/TheBitcoinConf?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@TheBitcoinConf<\/a><\/p>\n<p>&mdash; Nayib Bukele (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/12076038?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Out of the six predictions he made, it appears that &#8220;two more countries will adopt it as legal tender&#8221; is rather cogent.w On September 7, 2021, El Salvador became the first government to make BTC legal tender, igniting a revolution that drew the attention of many other world leaders. This is an intriguing statement, especially after El Salvador&#8217;s ambassador to the United States, Milena Mayorga, stated that if Bitcoin adoption is successful in El Salvador, other countries &#8220;will follow.&#8221;<\/p>\n<p>Another point worth noting is that he believes Bitcoin will become a big election topic in the United States this year. Parliamentary elections will be held in the country, and this might be one of the key issues of conversation in the United States. This might have a significant impact on the cryptocurrency industry and how businesses manage virtual currencies.<\/p>\n<p>Many politicians have expressed support for the asset class, including 2020 Democratic presidential candidate <a href=\"https:\/\/ktsl888.com\/?s=andrew+yang\">Andrew Yang<\/a> and Republican senators <a href=\"https:\/\/ktsl888.com\/all\/us-lawmaker-behind-pro-crypto-legislation-to-introduce-clear-crypto-bill-in-2022\/\">Cynthia Lummis<\/a> and Warren Davidson. Other politicians in the United States have expressed their concerns about the issue. Senator Elizabeth Warren, for example, believes it favors just the wealthy. As more lawmakers get educated on the subject, it will be fascinating to see how Bitcoin regulation develops in the United States.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-480266 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?resize=1478%2C865\" alt=\"bitcoin el salvador\" width=\"1478\" height=\"865\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?w=1478 1478w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/01\/BTCUSD_2022-01-03_21-54-22.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre>BTC\/USD Fall further from christmas high. Source: <a href=\"http:\/\/tradingview.com\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<p class=\"jeg_post_title\" style=\"text-align: center\"><em><strong>Related article |<\/strong> <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/zimbabwe-could-adopt-bitcoin-as-legal-tender-following-el-salvador\/\">Zimbabwe Could Adopt Bitcoin As Legal Tender Following El Salvador<\/a><\/em><\/p>\n<h2>Bitcoin City To Begin<\/h2>\n<p>El Salvador is also planning to begin development on the so-called <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/el-salvador-announces-worlds-first-bitcoin-city-backed-by-1b-bitcoin-bonds\/\">Bitcoin City in 2022.<\/a> This might be critical for Bitcoin businesses and investors looking to develop across the continent. He predicts that volcano bonds will be oversubscribed and that there is going to be a huge surprise at the <a href=\"https:\/\/b.tc\/conference\" rel=\"nofollow\">Bitcoin Conference<\/a> this year.<\/p>\n<p>Late last year, El Salvador announced plans to issue $1 billion in bonds to fund the purchase of more bitcoin as well as electricity and mining infrastructure. The project&#8217;s geothermal energy will be aided by the future city&#8217;s proximity to the volcano.<\/p>\n<p>In a <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/12076038?s=20\" rel=\"nofollow\">follow-up tweet<\/a>, the President stated, &#8220;This tweet will age well.&#8221; Bukele&#8217;s predictions appear to be certain, but we&#8217;ll have to wait and see when and if they all come true this year.<\/p>\n<p class=\"jeg_post_title\" style=\"text-align: center\"><em><strong>Related article |<\/strong> <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/el-salvador-calls-another-bitcoin-dip-with-150-btc-purchase\/\">El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase<\/a><\/em><\/p>\n<pre>Featured image by BBC, Chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on New Year&#8217;s Day 2022, making some rather bullish predictions. Bukele Make Bullish Predictions On Bitcoin Under Bukele&#8217;s presidency, El Salvador became the first government to embrace Bitcoin as legal tender last year as a countermeasure to the country&#8217;s rising inflation. Since the country&#8217;s legalization, the president has purchased 1,370 BTC for the country&#8217;s reserve and spent the unrealized gains in new infrastructure projects like a hospital and a school. In 2022, President Bukele expects two more countries to join El Salvador in adopting Bitcoin as legal tender. He also predicted a bull run that would push the price of Bitcoin to a new all-time high of $100,000. 2022 predictions on #Bitcoin: \u2022Will reach $100k\u20222 more countries will adopt it as legal tender\u2022Will become a major electoral issue in US elections this year\u2022Bitcoin City will commence construction\u2022Volcano bonds will be oversubscribed\u2022Huge surprise at @TheBitcoinConf &mdash; Nayib Bukele (@nayibbukele) January 2, 2022 Out of the six predictions he made, it appears that &#8220;two more countries will adopt it as legal tender&#8221; is rather cogent.w On September 7, 2021, El Salvador became the first government to make BTC legal tender, igniting a revolution that drew the attention of many other world leaders. This is an intriguing statement, especially after El Salvador&#8217;s ambassador to the United States, Milena Mayorga, stated that if Bitcoin adoption is successful in El Salvador, other countries &#8220;will follow.&#8221; Another point worth noting is that he believes Bitcoin will become a big election topic in the United States this year. Parliamentary elections will be held in the country, and this might be one of the key issues of conversation in the United States. This might have a significant impact on the cryptocurrency industry and how businesses manage virtual currencies. Many politicians have expressed support for the asset class, including 2020 Democratic presidential candidate Andrew Yang and Republican senators Cynthia Lummis and Warren Davidson. Other politicians in the United States have expressed their concerns about the issue. Senator Elizabeth Warren, for example, believes it favors just the wealthy. As more lawmakers get educated on the subject, it will be fascinating to see how Bitcoin regulation develops in the United States. BTC\/USD Fall further from christmas high. Source: TradingView Related article | Zimbabwe Could Adopt Bitcoin As Legal Tender Following El Salvador Bitcoin City To Begin El Salvador is also planning to begin development on the so-called Bitcoin City in 2022. This might be critical for Bitcoin businesses and investors looking to develop across the continent. He predicts that volcano bonds will be oversubscribed and that there is going to be a huge surprise at the Bitcoin Conference this year. Late last year, El Salvador announced plans to issue $1 billion in bonds to fund the purchase of more bitcoin as well as electricity and mining infrastructure. The project&#8217;s geothermal energy will be aided by the future city&#8217;s proximity to the volcano. In a follow-up tweet, the President stated, &#8220;This tweet will age well.&#8221; Bukele&#8217;s predictions appear to be certain, but we&#8217;ll have to wait and see when and if they all come true this year. Related article | El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase Featured image by BBC, Chart from TradingView.com<\/p>\n","protected":false},"author":538,"featured_media":480268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,499,83729,84226],"class_list":["post-480265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-conference","tag-el-salvador","tag-president-bukele"],"acf":[],"yoast_head":"\n<title>President Bukele Predicts BTC At $100k With Hope That More Countries Adopt It As Legal Tender<\/title>\n<meta name=\"description\" content=\"El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on New Year&#039;s Day 2022, making some rather bullish predictions. 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