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El Salvador President Nayib Bukele tweeted out his Bitcoin predictions for 2022 on the first day of the year. Some quite bold wagers were among them. The most significant prediction out of the six he made was that an additional two countries would adopt the flagship crypto, media reported.
El Salvador made BTC legal tender on September 7, 2021, becoming the first country in the world to do so and provoking a revolution that caught many world leaders’ attention.
A ‘major’ issue in US elections
Bukele tweeted:
Bitcoin will become a major electoral issue in US elections this year.
In 2021, US politicians had some very heated discussions around Bitcoin, with some in favor and others against the asset class. Politicians such as Republican senators Cynthia Lummis and Warren Davidson and 2020 Democratic presidential candidate Andrew Yang have showed support for Bitcoin. At the other end are concerned politicians like senator Elizabeth Warren, who finds Bitcoin only benefits the wealthy.
Milena Mayorga, El Salvador’s ambassador to the US, has said that other countries would follow in her country’s footsteps if Bitcoin is successful as legal tender.
Bitcoin City construction commences
The president claimed construction of Bitcoin City would start. The respective announcement was made at the end of Bitcoin week in the Central American country, during which two BTC-focused conferences took part: LaBitConf and Adopting Bitcoin. According to Bukele, Bitcoin City will not charge any tax on property, income, payroll, capital gains, property, and municipal taxes. In addition, its CO2 emissions will be zero.
Bitcoin bonds oversubscribed, BTC to hit $100K
Bukele also predicted that his country’s Bitcoin bonds would be oversubscribed. They will be issued on Blockstream’s Liquid Network. He added that the king of crypto would finally reach the long-awaited ATH of $100,000 per 1 BTC. This was expected to happen last year, but Bitcoin ultimately fell short at an ATH of $69,010, achieved in November.
‘Huge surprise’ at Miami’s 2022 Bitcoin conference
His final claim involved a “huge surprise” at the upcoming Bitcoin 2022 conference in Miami, Florida in April, widely regarded as the biggest and most important Bitcoin-related event in the world. It was not without its big announcements last year. It was at this event that the president of El Salvador stated he was sending a bill to congress to make it legal tender in the country.
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