El Salvador Leader Bukele Makes Bold Predictions For Cryptocurrencies in 2022

On Jan. 2, 2021, El Salvador’s leader Nayib Bukele tweeted out predictions for the crypto market in 2022. In his tweet, he claimed that bitcoin would eclipse the 100k mark, two more countries would approve it as legal tender, and Bitcoin City would also commence construction. He also added that crypto adoption would be a big topic in the upcoming US elections.

Bukele Predicts 2022 To Be An Eventful Year For Crypto

El Salvador’s leader Nayib Bukele expressed his confidence that BTC will hit $100k in 2022. He also predicted the crypto market to experience a significant influence from administrators. According to him, two more unnamed countries are likely to acknowledge BTC as their legal tender. He also predicted that BTC City would commence construction, and people should expect huge surprises at the BTC conference.

El Salvador is the first country in the world to abandon their native fiat currency for BTC. No one has used bank-issued money in that country since they transitioned to BTC as legal tender last year. President Nayib Bukele also believes that other countries should follow suit and adopt BTC as their legal tender.

Two More Countries Could Adopt BTC As Their Legal Tender

The El Salvadoran President Nayib Bukele has always shown great hope in BTC developments. According to yesterday’s predictions, he now expects two more countries to adopt BTC as their legal tender in 2022. However, he did not offer any extra information regarding when and which countries will be adopting BTC as legal tender this year.

If the predictions by Bukele are anything to go with, the legal adoption of BTC by two more countries would have significant implications on the market. The number of new adopters would most likely double compared to the figures from 2021. As a result, this year would be the best one for BTC regarding legal adoption.

The year has started with the coin trading at $46.9K per token. Over 2020 and 2021, the first few months of the year experienced a hike in bitcoin prices. Therefore, it may not be different this year, considering last month was ‘red’ for the crypto market.

Bukele believes that the ongoing dip will be followed by a very green year for BTC due to the increasing discovery of the coin among Governments. According to him, BTC will also be a scorching topic in the upcoming US elections of November this year.

Nayib has a solid faith in BTC and expects to match the BTC conference with a new surprise in the crypto market. His country continues adding to its holdings; it recently announced purchasing 21 BTC to celebrate 21 days of the 21st year of the 21st century. Now it holds over 1k BTC coins.