El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on New Year’s Day 2022, making some rather bullish predictions. Bukele Make Bullish Predictions On Bitcoin Under Bukele’s presidency, El Salvador became the first government to embrace Bitcoin as legal tender last year as a countermeasure to the country’s rising inflation. Since the country’s legalization, the president has purchased 1,370 BTC for the country’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: •Will reach $100k•2 more countries will adopt it as legal tender•Will become a major electoral issue in US elections this year•Bitcoin City will commence construction•Volcano bonds will be oversubscribed•Huge surprise at @TheBitcoinConf — Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022 Out of the six predictions he made, it appears that “two more countries will adopt it as legal tender” 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’s ambassador to the United States, Milena Mayorga, stated that if Bitcoin adoption is successful in El Salvador, other countries “will follow.” 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’s geothermal energy will be aided by the future city’s proximity to the volcano. In a follow-up tweet, the President stated, “This tweet will age well.” Bukele’s predictions appear to be certain, but we’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
Mac Jones, the rookie quarterback sensation and best hope for the 9-5 New England Patriots to extend their decades-long dynasty in the NFL, is giving Bitcoin to his entire offensive line this Christmas.
Bukele will share his experience in pursuing a Bitcoin standard while challenging the assumptions of international bodies.
Keiser talked about the dark future enabled by CBDC and how Bitcoin can come to the rescue.
Erik Voorhees is embarrassed by toxic Bitcoin maxis and told a podcast: “I don’t know when they got into Bitcoin, but absolutely that is not the community that I come from in Bitcoin.”
An increasing number of Latin American lawmakers are donning Lazer eyes on their Twitter avatars to express their support for Bitcoin and digital assets.
The cofounder of Twitter and the CEO of the payments firm Square, Jack Dorsey, has revealed his firm is contemplating creating a bitcoin hardware wallet in collaboration with the community. Dorsey revealed this in a tweetstorm and said he wanted to share some “guiding principles” concerning this possible venture. Dorsey: ‘Square Is Considering Making a […]
Miami is about to host thousands of attendees for the Bitcoin 2021 conference — here are some of the major appearances and talking points to watch for.