The president of El Salvador Nayib B Watch with a tweet on Sunday he shared a list of cryptocurrency predictions. Bukele predicts that Bitcoin “It will reach $ 100,000”Before the end of the year and that there will be an increasing adoption by countries of bitcoin as legal tender.
El Salvador’s president shared a list of predictions regarding the nascent cryptocurrency, rekindling the expectation of Bitcoiners. Bukele believes that Bitcoin “will reach $ 100k” before the end of the year and also predicts that 2 other countries will adopt bitcoin as legal tender. Bukele’s six predictions then figure
To date just El Salvador is the only country that has declared Bitcoin as legal tender, officially recognizing it as a means of exchange and building a network of services around it. El Salvador is therefore building its own bitcoin city, implementing more and more infrastructures to try to attract more and more foreign investments. According to Bukele’s vision, the country will be funded by profits made through bitcoin purchases and a $ 1 billion bitcoin bond.
In the wake of El Salvador other states such as the Tonga, Ukraine and Turkey they would be considering making the cryptocurrency legal tender.
The push towards bitcoin of politics
A boost to the adoption of bitcoin as an official currency can come from politics. With a trend started in 2014 by Republican Andrew Hemingway as New Hampshire candidate for governor, many other Senate candidates have accepted cryptocurrencies for their businesses over the years, adding bitcoin as a donation currency alternative for their campaigns. These are some of the reasons why Bukele also believes that Bitcoin will become a major electoral problem in the US elections of this year.
Also in the United States, confirming the current trend, the neo mayor of New York Eric Adams declared his decision to be paid with the coin, while the Colorado mayor revealed his government’s plan to enable citizens to pay their taxes in bitcoin. The belief that bitcoin will become a major electoral issue in the United States. Eric Adams, the new mayor of New York, has already declared his decision to be paid in bitcoin. Furthermore, there is a growing trend among candidates running for various political seats to add Bitcoin as an alternative donation currency for their campaigns.
Then it foresees the beginning of the construction of Bitcoin City, which will take place precisely by El Salvador. The city will be funded by profits made through Bitcoin purchases and a $ 1 billion Bitcoin bond that Bukele says will have more demand than required. Finally, Bukele indicates that there will be “a big surprise” at the 2022 Bitcoin conference scheduled in Miami, Florida next April.