El Salvador President Makes Shocking Bitcoin Predictions

• El Salvador’s president Nayib Bukele has issued a flurry of predictions about Bitcoin, going into 2022

• The millennial president has predicted that the flagship cryptocurrency will more double in value, reaching $100,000

• Bukele has also tipped other nations to adopt the flagship cryptocurrency as legal tender

It was a big year of Bitcoin and other cryptocurrencies in 2021. From the flagship cryptocurrency reaching $69,000 to El Salvador adopting it as legal tender.

Now El Salvador’s president Nayib Bukele has predicted that the good run of the flagship cryptocurrency will extend into 2022.

In a post on Twitter, Bukele proclaimed that Bitcoin will reach $100,000 in 2022, more than double its current value of $47,000.

Since peaking at $69,000, the flagship cryptocurrency has crashed, falling as low as $42,500 in December.

The combined market cap of cryptocurrencies has lost $800 billion since November as worries rise over inflation and the Federal Reserve’s outlook this year.

Read also: Mexico to Launch Digital Currency by 2024

Bukele also predicted that two other countries will follow El Salvador’s steps and adopt Bitcoin as legal tender while it becomes a major electoral issue in U.S. elections this year.

Although some countries such as Paraguay and Venezuela have flirted with the idea of Bitcoin as a legal tender, it’s merely speculations and there is a long way to go before that can be reality.

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