Nayib Bukele shared some of his predictions for 2022
El Salvador 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.
In October, BitMEX CEO Alexander Höptner shared an even more optimistic prediction, claiming that as many as five developing countries would embrace Bitcoin due to inflation concerns and high remittance 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 firm Blockstream to issue $1 billion worth of sovereign Bitcoin bonds in a first for a nation-state. Part of the raised debt will be used for building the worst’s first Bitcoin city that will be constructed 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 $100,000 target
Bukele also shared an optimistic Bitcoin price prediction, claiming that the world’s largest cryptocurrency will end up topping the much-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 mogul Brock Pierce also recently opined that the price of Bitcoin could top out at $200,000 this year.
