Among the highlights of 2021 in the cryptosphere, of course, is the adoption of Bitcoin (BTC) as legal tender in El Salvador. And Salvadoran President Nayib Bukele has no plans to stop there for his nation’s crypto-conversion. His predictions for 2022 are even very optimistic.
An even more promising new year for Bitcoin?
President Nayib Bukele surprised the world in early June 2021, when he announced his intention to make Bitcoin a national currency, alongside the US dollar. Barely 3 months later, after the Salvadoran Parliament passed the Ley Bitcoin, the king of cryptos became an official currency on September 7, 2021.
Very accustomed to making thunderous announcements via Twitter, President Bukele has once again caused a buzz on the bluebird social network, making some very enthusiastic predictions for Bitcoin on his official account:
“My 2022 Bitcoin predictions:
- BTC will reach $100,000;
- 2 more countries will adopt it as legal tender;
- It will become a major election issue in this year’s US elections;
- Construction of Bitcoin City will begin;
- Volcano Bonds will see more demand than supply;
- Huge surprise at Bitcoin Conference “
El Salvador will be part of Bitcoin’s rise in 2022
In addition to the now very classic prediction of a $100,000 Bitcoin price – which many had hoped to see before the end of 2021 – Nayib Bukele reminds us here of some of the milestones that await Bitcoin in El Salvador.
Volcano bonds will be the very first government debt based not on the US dollar or other fiat currencies, but on hard bitcoins. This has greatly annoyed the International Monetary Fund (IMF).
This 1 billion dollar financing, which does not involve supranational authorities, should allow the first Bitcoin City to be built. Announced in November 2021, this city, which is intended to be resolutely futuristic, will be centered on the theme of Bitcoin and cryptocurrencies. Its power supply should be based on geothermal energy from volcanoes – energy that should also be used for BTC mining.
In addition to his optimism for the adoption of Bitcoin by other countries, and his teasing of the upcoming Miami Bitcoin conference in April, Nayib Bukele sees the topic of Bitcoin as central to the upcoming election debates in the United States. Indeed, it is likely to be a hot year across the Atlantic, as political discussions about stablecoins are already heated.
