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President Bukele tweeted his predictions for Bitcoin this upcoming year, including a $100,000 price target.
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President Bukele tweeted his predictions for Bitcoin this upcoming year, including a $100,000 price target.
On New Year’s Day 2022, El Salvador President Nayib Bukele tweeted[2] out his predictions for Bitcoin this upcoming year, making some very bold bets.
Seemingly the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.” El Salvador became the first country to make BTC legal tender on September 7, 2021, sparking a revolution that caught the attention of many other world leaders. This is a very interesting prediction especially after El Salvador’s ambassador to the United States Milena Mayorga said[3] that if successful in their country, other countries “will follow” in Bitcoin adoption.
Bitcoin “will become a major electoral issue in US elections this year,” he said. The discussion around Bitcoin in the United States amongst politicians has really heated up over the past year. Many politicians such as 2020 Democratic presidential candidate Andrew Yang, alongside Republican senators Cynthia Lummis and Warren Davidson showed their support for the asset class. Whilst other U.S. politicians have expressed their concerns about the topic. Like senator Elizabeth Warren for example, who thinks[4] it only benefits the wealthy. It will be very interesting to see how Bitcoin regulation unfolds in America as more politicians educate themselves on the matter.
The construction of “Bitcoin City will commence,” the president claimed. The announcement of this Bitcoiner’s paradise came at the end of Bitcoin week in El Salvador, hosting two BTC-focused conferences LaBitConf[5] and Adopting Bitcoin[6]. The announced plans for the city claims it
