January 3, 2022

2 More Countries Will Make Bitcoin A Legal Tender! - President of El Salvador

 The whole world was in an uproar when El Salvador’s President Nayib Bukele became the first ruler to endorse Bitcoin (BTC) as a legal tender in the country last year.

In the latest forecast posted on Twitter, Bukele is confident Bitcoin will get tremendous attention throughout 2022:

At least two countries will follow in El Salvador’s footsteps of implementing BTC in the economy.

The price of Bitcoin will reach the level of $ 100,000.

The establishment of Bitcoin City will begin this year.

Bitcoin will be a major issue in the United States (US) election as the country is making its best approach to accepting the presence of the cryptocurrency industry.

There will be surprises in the annual program, the Bitcoin Conference.

This is reminiscent of the announcement of the adoption of Bitcoin in the El Salvador economy through the Bitcoin Conference.

Volcano bonds will have the highest subscriptions.

You can refer to this article to understand the relationship between volcano bonds (bonds that rely on Bitcoin) and Bitcoin City.

El Salvador is the only country that is not afraid to implement the use of Bitcoin in the economy.

The decisions and recommendations put forward by Bukele received severe criticism from the Bank of England (BOE), the International Monetary Fund (IMF), and the World Bank.

However, there are still entities that support El Salvador’s decision.