Nayib Bukele, President of El Salvador, has shared 5 predictions about his vision for Bitcoin in 2022. Among other things, he predicted that two more countries will adopt BTC as their legal tender.
5 predictions about Bitcoin
On January 2, El Salvador’s President Nayib Bukele shared 5 predictions about Bitcoin (BTC) for the year 2022. As a reminder, El Salvador had adopted BTC as its legal tender. Thus, all businesses in the country must accept BTC as a means of payment for goods and services.
President Bukele predicted that two other countries will adopt Bitcoin as legal tender later this year. El Salvador was one of the few non-US nations to use the dollar as its official currency. Other countries in this situation include Panama, Ecuador and Somalia.
Nayib Bukele is also optimistic about El Salvador’s two initiatives: Bitcoin City and Volcano Bonds. According to him, “the construction of Bitcoin City” will begin this year. Indeed, the president envisions Bitcoin City becoming a fully functional city with residential areas, shopping malls, restaurants, a port, and “everything will revolve around Bitcoin.” The new city will be financed by bonds denominated in Bitcoin.
Bukele also predicts that Bitcoin will symbolically reach six figures by surpassing the $100,000 mark and that the topic of cryptocurrencies will become a major election issue in the US.
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
The IMF and JP Morgan do not share the same vision
Not everyone is as enthusiastic. El Salvador’s adoption of Bitcoin as a legal tender has sparked widespread reaction. Gerry Rice, spokesperson for the IMF, expressed his distrust of the subject:
The adoption of Bitcoin as a legal tender raises a number of macroeconomic, financial and legal issues that require careful analysis. We are therefore following developments closely and continue to consult with the authorities.
The IMF and even JP Morgan have spoken out on the issue. The investment bank has suggested that legal adoption of the currency could lead to overloading the Bitcoin network.
“Billionaire Trump & globalist Hillary unite against Bitcoin”
and JP Morgan, and the IMF…
When entities and individuals of pure evil across the spectrum all hate and try to undermine something,
that should tell you something. https://t.co/ST0x9Tv6qY
– Stop Decimating Earth Ⓥ ✄ (@_Expanded_Mind_) December 28, 2021
