President of Panama, Juan Carlos Varela predicts Bitcoin to reach 100k mark. He also plans on making the country a cryptocurrency friendly destination for future blockchain and crypto businesses. With some countries banning cryptocurrencies outright, this is an exciting time for decentralized digital assets and online gaming.
When El Salvador announced the acceptance of the flagship digital currency as legal cash within its territory last year, it sent shockwaves across the crypto world.
Since then, the president of the Central American nation has been lauded as a revolutionist by the crypto community for his pro-crypto attitude, which has gained him many fans in the sector.
President Bukele predicts a positive Bitcoin market.
President Nayib Bukele made numerous favorable forecasts for Bitcoin on January 2, suggesting that the currency will not only receive increasing acceptance from nations across the globe, but that its value may reach $100,000 by the end of the year.
Predictions for #Bitcoin in 2022:
•Will surpass $100k It will be legal currency in two additional nations. • Will become a big election issue in the United States this year The development of Bitcoin City will begin in the near future. Bonds issued by volcanoes will be oversubscribed. At @TheBitcoinConf, there was a big surprise.
January 2, 2022 — Nayib Bukele (@nayibbukele)
Not only that, but President Bukele also predicted that the long-awaited creation of the country’s Bitcoin city would start this year, and that the crypto-asset will be a key talking topic in the US elections.
As we previously reported, politicians in the United States are becoming more interested in how digital assets such as Bitcoin and the crypto sector in general might impact the country’s economy. As a result, they’ve convened a series of hearings to seek the advice of specialists in the field.
Furthermore, President Bukele’s Bitcoin price forecast backs up numerous widely held predictions, with many experts predicting that the currency will be valued as much as $100,000 by the end of 2021. While the asset was unable to break past that level during the previous year, many analysts are now predicting that BTC will eventually hit six digits this year.
So far, El Salvador’s Bitcoin trip has been uneventful.
As previously mentioned, El Salvador was the first nation in the world to accept Bitcoin as legal money. While the crypto community has applauded the move, top financial institutions like as the International Monetary Fund (IMF) have expressed worry about the effect on the country’s economy.
Despite these reservations, El Salvador has continued to pursue its crypto goal. The Central American government has acquired almost 1300 Bitcoin units as of press time, with the president disclosing that the profits had been spent in infrastructure initiatives.
Apart from that, El Salvador announced its plan to establish the world’s first Bitcoin city, powered by a volcano, with inhabitants paying just VAT as a tax. According to current information, Bitcoin-backed bonds would be the primary source of finance for the city.
Despite all of the benefits of the country’s adoption, some residents have expressed worries about the country’s handling of cryptocurrency purchases as well as troubles with its official Bitcoin wallet, Chivo.
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The “bitcoin prediction” is a blog article written by the president of the Republic of Equatorial Guinea, Teodoro Nguema Obiang Mangue. He predicts that Bitcoin will reach 100k and enjoy more adoption in the future.
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