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US $ 100,000 - President Bukele predicts a successful year for Bitcoin

 


Today, January 2nd, Nayib Bukele, President of the small Central American country El Salvador, submitted his five forecasts for Bitcoin ( BTC ) in 2022.


The President's words carry weight, because the small country has been a big player in Bitcoin since it became the first country in the world to introduce the market-leading crypto currency as its official currency in 2021 . Since then, the government, led by President Bukele, has bought 1,370 BTC with state money and invested the unrealized profits from it in charitable projects such as building hospitals and schools .


For the new year, Bukele now predicts that at least two more countries will introduce Bitcoin as an official means of payment. He also assumes that the Bitcoin rate will finally break the much-touted sound barrier of 100,000 US dollars in 2022.


For his own country, he also predicts that the state-owned Bitcoin City and Bitcoin Bonds projects will be very successful. As reported by Cointelegraph , the president aims to make Bitcoin City a fully functional city that will include residential areas, shopping areas, restaurants and a port, among other things. The only difference is that "it's all about Bitcoin".


According to Bukele, the "construction of Bitcoin City" is to begin this year, which means that by then Bitcoin bonds worth USD 1 billion will be put into circulation to finance the project. The president already estimates the expected demand for these "volcanic bonds", which have this nickname, because the Bitcoin in question is mined using electricity from volcanic energy, as excessively high.



In addition, Bukele assumes that Bitcoin will also become more and more an issue in American politics. In this context, he promises a "big surprise" for the next big Bitcoin conference.


The introduction of Bitcoin in El Salvador did not go completely smoothly, because technical problems have led to several users of the state wallet Chivo having lost funds.


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