El Salvador’s president Nayib Bukele shared his Bitcoin expectations for 2022. He assumes that this year the BTC price will hit $100.000. Bukele finds two other countries will legalize the coin, although he didn't specify what counties in his opinion they can be.
Related: El Salvador Adds 21 More Bitcoins To Its Holdings
The next BTC prediction from the president is that Bitcoin will be an important electoral subject during the US elections.As for El Salvador, Bukele says the building of Bitcoin City will start, and Volcano bonds will see high demand. Bukele says a big surprise will be relieved at the Bitcoin Conference, which will take place on April 1, 2022. During the last Bitcoin Conference, Bukele revealed plans to adopt BTC as a legal tender. In September, the country officially realized the plan. Also, the government purchased Bitcoins several times.
2022 predictions on #Bitcoin:
— Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022
•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf
To the critiques of El Salvador's BTC strategy, Nayib Bukele answers while large organizations call El Salvador's actions experiment, it's the world watching how BTC changes an economy of a country.
Nayib Bukele is a huge believer in Bitcoin. He intends to build the first BTC city this year. The government will raise the money for the city’s establishment from $1 bln BTC-backed bonds. The bonds are expected to be issued sooner this year. Half of the funds will be changed to BTC and the rest will be used to build the country’s infrastructure. The Conchagua volcano and its natural energy will be the source for mining Bitcoins.