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President Bukele predicts Bitcoin $100k rally, extra ideal adoption and more

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Bukele also envisions an oncoming explosive converse for El Salvador’s two in-condo BTC-primarily based completely initiatives — Bitcoin Metropolis and Volcano bonds.

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Last 365 days, El Salvador was the first nation to adopt Bitcoin as ideal at ease below Bukele’s presidency as a countermeasure to the rising inflation within the nation. Since legalization, the president obtained 1,370 BTC for the nation’s reserve and reinvested its unrealized good points into new infrastructure projects including a sanatorium and a college.

President Bukele predicted that two more countries will be a part of El Salvador to adopt Bitcoin as a ideal at ease in 2022. Within the identical 365 days, he expects a bull scamper that will take BTC model to a brand new all-time excessive of $100,000.

On Jan 2, El Salvador President Nayib Bukele shared 5 bullish predictions on Bitcoin’s (BTC) performance for the 365 days 2022. 

2022 predictions on #Bitcoin:

•Will attain $100k

•2 more countries will adopt it as ideal at ease

•Will change into a serious electoral pain in US elections this 365 days

•Bitcoin Metropolis will launch constructing

•Volcano bonds will be oversubscribed

•Colossal surprise at @TheBitcoinConf

— Nayib Bukele (@nayibbukele) January 2, 2022

Bukele also envisions an oncoming explosive converse for El Salvador’s two in-condo BTC-primarily based completely initiatives — Bitcoin Metropolis and Volcano bonds. As Cointelegraph beforehand reported, the president foresees Bitcoin Metropolis to alter into a fully purposeful city with residential areas, procuring centers, restaurants, a port, “the entirety around Bitcoin.”

In response to Bukele, “Bitcoin Metropolis will launch constructing” this 365 days, implying the enchancment of the $1 billion BTC bonds-backed virtual city. Along with this construction, he predicts an oversubscription of the Volcano bonds.

Bukele also predicts that Bitcoin will change into a serious electoral pain in U.S. elections this 365 days and suggested his Twitter followers to be on the lookout for “a enormous surprise” at Bitcoin 2022 convention.

This tweet will age smartly

— Nayib Bukele (@nayibbukele) January 2, 2022

Related: Some Salvadorans claim funds are lacking from their Chivo wallets

El Salvador’s mainstream Bitcoin adoption met with a sequence of technical hurdles, essentially the most modern being stories of lacking funds from the nation’s in-condo Bitcoin wallet, Chivo.

As Cointelegraph reported, at the least 50 Salvadorans reported losses totaling higher than $96,000 in December, on account of an alleged unknown glitch within the Chivo wallet.

— El Comisionado (@_elcomisionado_) December 18, 2021

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