President Bukele predicts Bitcoin $100k rally, further legal adoption and more
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....
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El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on New Year’s Day 2022, making some rather bullish predictions. Bukele Make Bullish Predictions On Bitcoin Under Bukele’s presidency, El Salvador became the first government to embrace Bitcoin as legal tender last year as a countermeasure to the country’s rising inflation. Since the country’s legalization, the president has purchased 1,370 BTC for the country’s reserve and spent the unrealized gains in new infrastructure projects like a hospital and a school. In 2022, President....
President Bukele tweeted his predictions for Bitcoin this upcoming year, including a $100,000 price target.
At the Bitcoin 2021 conference in Miami, El Salvador’s president, Nayib Bukele, appeared via a Zoom presentation and noted that he plans to submit a bill next week that recognizes bitcoin as legal tender. Bukele revealed a partnership with the company Strike, a bitcoin payments firm launched by Jack Mallers. Progressive President Nayib Bukele Says Bitcoin Will be Legal Tender in El Salvador El Salvador is looking to become the first country to adopt bitcoin (BTC) as legal tender, as the country’s president Nayib Bukele announced El Salvador’s BTC support at the Bitcoin....
The 52 proposed legal reforms call for less bureaucracy, less red tape, creating tax incentives to make El Salvador one of the most freedom-centric countries. El Salvador President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation.President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax incentives and most importantly offering citizenships to foreigners....
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....