El Salvador President Nayib Bukele Strongly Believes Bitcoin Will Hit $100,000 This Year

El Salvador President Nayib Bukele Strongly Believes Bitcoin Will Hit $100,000 This Year
фото показано с : zycrypto.com

2022-1-2 15:40

Nayib Bukele believes that Bitcoin will hit $100,000 this year despite markets having closed with their heads hanging in 2021.

According to a Sunday tweet, the El Salvador president shared a list of predictions regarding the nascent cryptocurrency, rekindling the expectancy of Bitcoiners. Despite hopes that the cryptocurrency could hit a six-figure price tag running high especially during the first three quarters of 2021 dwindling, Bukele believes that Bitcoin “Will reach $100k” before the year ends.

Bukele also predicted that Bitcoin will see increased adoption as legal tender by countries. “2 more countries will adopt it as legal tender,” he said.

So far, El Salvador is the only country that has declared Bitcoin as legal tender, officially recognizing it as a medium of exchange while building a web of services around it. With El Salvador’s Bitcoin stance approval ratings on the rise, states such as Tonga have also signaled at making the cryptocurrency legal tender with more such as Ukraine and Turkey coming under the spotlight. BitMEX’s C.E.O recently expressed his confidence in more countries making Bitcoin Legal tender this year, predicting at least five nations could join El Salvador’s path.

Bitcoin To Top In U.S. Politics

Recently, the Bitcoin narrative has also been expanding from economic discussions into politics. A considerable number of U.S. statesmen have already declared their support for the crypto asset with mayors such as New York’s Eric Adams declaring his decision to be paid in the coin. Colorado’s mayor has also disclosed his government’s plan to have people pay taxes in Bitcoin.

One conspicuous development has been the rise in the number of candidates running for various political seats adding Bitcoin as an alternative donation currency for their campaigns. 

In a trend started by republican Andrew Hemingway in 2014 as a New Hampshire gubernatorial candidate, Senate candidates such as Ohio’s Josh Mandel, California’s Aarika Rhodes, and The National Republican Congressional Committee among others have been accepting cryptocurrencies for their activities. These are some of the reasons why Bukele further believes that Bitcoin will become a major electoral issue in US elections this year. 

More Infrastructure- Big Announcement In April

El Salvador is also set to commence the construction of its Bitcoin City later in the year. The city will be funded from profits made through Bitcoin purchases as well as a $1 Billion Bitcoin Bond to which Bukele believes will be “oversubscribed”.  It will be powered by geothermal energy harnessed from the Aconcagua volcano and its residents will be exempted from paying taxes, attracting foreign investment.

That said, the pro-crypto president also hinted at making a huge announcement at the Bitcoin conference which shall be held in Miami Beach mid this year.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cryptoindex.com 100 (CIX100) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.02 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.4271 (-100%)

100 hit year president bitcoin nayib bukele

Источник: zycrypto.com

100 hit → Результатов: 126


Фото:

Quant Analyst PlanB Reveals Why He Is Still Sticking With The S2F Model Despite Bitcoin Failing To Hit $100k This Year

PlanB, the pseudonymous creator of the Bitcoin stock-to-flow (S2F) model has been getting a lot of pushbacks from market participants who are considering the model to have failed as the price of Bitcoin seems to have failed to reach the projected price of $100,000 by end of the year. What critics have said about the […]

2021-12-27 21:22


Wall Street Strategist Puts Bitcoin As High As $168,000 By Year-End

Co-founder of Fundstrat and Wall Street Strategist Tom Lee has revealed his expectations for bitcoin before the year runs out. According to a Bloomberg report, Lee revealed that he had high expectations for the digital asset, which he believes would hit the $100,000 mark by the end of the year, and added that the asset could go as high as $168,000 before the year runs out.

2021-10-20 02:00


AGMH.O Announces Strategic Partnership With HighSharp, Makes Six-Month Commitment To Breaking $100M Sales Mark

Strategic partnership will enable AGMH. O hit the $100 million mark in sales within six months China, September 27, 2021 – AGM Group Holdings Inc. (“AGMH”) (NASDAQ: AGMH), an integrated technology company focusing on high-performance chip solutions, computing equipment, and fintech software services, announced that it entered into a six-month strategic cooperation agreement with HighSharp (Shenzhen Gaorui) Electronic Technology Co.

2021-9-28 23:46


Investors Turn to Ether Competitors, Solana’s SOL Hits 3-Digits to Mark A New ATH

Solana (SOL) has finally hit three digits to make a new all-time high while the rest of the crypto market is slow to move, with NFTs dominating the limelight and FOMO. Late on Sunday, SOL surged past $100 to be worth more than $29 billion in market capitalization to become the 8th largest cryptocurrency, trumping […] The post Investors Turn to Ether Competitors, Solana’s SOL Hits 3-Digits to Mark A New ATH first appeared on BitcoinExchangeGuide.

2021-8-30 16:12


Фото:

Bitcoin could hit $100,000 despite recent bear run – Willy Woo says

The price of Bitcoin dropped heavily this week by nearly 40%, which has generated concerns that the unprecedented bull-run of the cryptocurrency has ended. However, popular Bitcoin analyst Willy Woo believes it’s not yet over for Bitcoin (BTC/USD), adding that the most valuable cryptocurrency has still some juice left in its Bull-Run.

2021-5-22 14:29


Фото:

What price will DOGE hit: will Dogecoin reach $100?

In case you haven’t already heard, today, Dogecoin reached a new all-time high price of nearly $0.60. That has left crypto investors around the world asking the very same question: what price will Dogecoin reach? Will Dogecoin reach $1? Will Dogecoin reach $2? Will Dogecoin reach $100? In this article, we have tried to give […] The post What price will DOGE hit: will Dogecoin reach $100? appeared first on Invezz.

2021-5-5 20:46


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Under Pressure: Could The Slide Continue?

Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone. Bitcoin started a fresh decline from the $100,000 resistance zone.

Bitcoin Decline Continues: Are Bulls Losing Control?

Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone.

Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?

Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone. Bitcoin started a downside correction from the $102,000 zone. The price is trading above $98,000 and the 100 hourly Simple moving average.