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January 22, 2022
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Bitcoin will Reach $100K in 2022: Nayib Bukele Predicts

El Salvador President Nayib Bukele predicted his bullish forecasts for bitcoin in 2022 on his Twitter on Sunday, saying that the bitcoin price will attain a excessive of $100K this yr.

In addition, he additionally said that Bitcoin will “become a major electoral issue in U.S. elections this year”, asking his 3.2 million Twitter followers to concentrate to the “big surprise” on the Bitcoin 2022 convention. He additionally has confidence in Bitcoin adoption, estimating two extra international locations would possibly undertake it as authorized tender. 

Meanwhile, it’s predicted that Volcano bonds will be oversubscribed. The whole estimated quantity to be pulled from the bonds is $1 billion. Domestically, “Bitcoin City will commence construction.”

Last yr, in September, El Salvador formally grew to become the primary nation to start out accepting Bitcoin as fiat cash together with the U.S. greenback. President Bukele predicted that two extra international locations will be a part of El Salvador in 2022 and will undertake Bitcoin as authorized tender.

Bukele has applied “buying from the dip” in phrases of technique, and El Salvador has gathered over 1,390 Bitcoins up to now, in accordance with the most recent official information.

As reported by Blockchain.News on November 22, El Salvador’s President, Nayib Bukele, has unveiled the nation’s plans to construct the primary absolutely useful Bitcoin metropolis. This mission is billed to be funded by a Bitcoin-backed, government-issued bond.

Bukele’s administration has pressed on constructing the primary Bitcoin colleges from the proceeds earned by HODLing, the premier digital foreign money.

The Central American nation additionally airdropped the digital foreign money to the general public, encouraging them to make use of the crypto wallet-Chivo. However, as a result of technical obstacles, 50 Salvadoran residents have misplaced a complete of greater than 96,000 US {dollars} in December.

Image supply: Shutterstock

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