Nayib Bukele shared some of his predictions for 2022
Salvadoran President Nayib Bukele recently shared some of his Bitcoin-related predictions for the New Year on Twitter.
Bukele is certain that at least two other countries will follow El Salvador’s lead in creating the largest cryptocurrency legal tender.
2022 forecast on #Bitcoins:
• Will reach $ 100,000
• 2 other countries will adopt it as legal tender
• Will become a major electoral issue in the US elections this year
• Bitcoin City will begin construction
• Volcanic bonds will be oversubscribed
• Huge surprise to @TheBitcoinConf
– Nayib Bukele (@nayibbukele) January 2, 2022
In October, BitMEX CEO Alexander Höptner shared an even more optimistic prediction, saying that up to five developing countries would adopt Bitcoin due to inflation concerns and high transfer costs.
El Salvador, the smallest country in Central America, adopted Bitcoin as its official currency in early September, paving the way for “hyperbitcoinization”.
In November, Bukele announced that the government had partnered with blockchain infrastructure company Blockstream to issue $ 1 billion in Bitcoin sovereign bonds, a first for a nation state. Part of the debt raised will be used to build the worst first Bitcoin city to be built near the Conchagua volcano.
In his most recent discussion thread, Bukele predicts that the government will begin construction on the city this year and that the Volcanic Bonds will eventually be oversubscribed.
A goal of $ 100,000
Bukele also shared an optimistic Bitcoin price prediction, claiming that the world’s largest cryptocurrency will eventually surpass the coveted $ 100,000 in 2022.
As reported by U.Today, Fundstrat analyst Tom Lee is also confident that the flagship cryptocurrency may surpass the aforementioned level this year, even going so far as to forecast an increase to $ 200,000. That said, Lee acknowledged that 2021 was “disappointing” for the top cryptocurrency, which ended the year below $ 50,000.
Cryptocurrency tycoon Brock Pierce also recently estimated that the price of Bitcoin could reach $ 200,000 this year.