El Salvador’s President Optimistic About Bitcoin, Predicts “Gigantic Price In...
El Salvador’s president Nayib Bukele has been ever hopeful and positive about Bitcoin and its value as a digital asset. Despite Bitcoin’s squally price movements in the past few weeks, Nayib Bukele believes that it is only a matter of time till Bitcoin registers a massive price growth. He took to Twitter to speak about […]
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El Salvador’s president Nayib Bukele has made himself and the country a force to be reckoned with after it became the first sovereign nation to accept bitcoin as a legal tender. During the course of its bitcoin agenda so far, the President has made some major predictions with regard to the cryptocurrency in 2022. Coming […]
Bukele also envisions an oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives — Bitcoin City and Volcano bonds. On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a....
Despite the current market volatility, dynamic and enterprising executives and investors are optimistic about the crypto industry’s long-term potential, despite its current turmoil. Mastercard has adopted an aggressive expansion strategy into cryptocurrency, capitalizing on the opportunity through strategic partnerships. Harold Bossé, vice president of new product development and innovation, predicts that the widespread adoption of crypto […]
There is not enough Bitcoin for global millionaires if each of them wants to own one, Bukele said. Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender.Bukele took to Twitter on Monday to predict that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins.The president cited Bitcoin’s scarcity case, emphasizing there are “more than 50 million millionaires” in the world, and there is not....
We at Bitcoinist already analyzed the controversial Article 7 from El Salvador’s Bitcoin Law from every angle. But, did we? The President himself, Nayib Bukele, defends and explains it in a way that leaves little doubt. They really thought this through. This is an elegant law that keeps everyone in mind. To say that Peter […]