President Bukele predicts Bitcoin ( $61,660.00 ) $100k rally, further legal adoption and more

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Last year, El Salvador became the first country to adopt Bitcoin ( $61,660.00 ) 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 hospital and a school.

President Bukele predicted that two more countries will join El Salvador to adopt Bitcoin ( $61,660.00 ) as a legal tender in 2022. In the same year, he expects a bull run that will take BTC price to a new all-time high of $100,000.

On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin ( $61,660.00 ) ’s (BTC) performance for the year 2022. 

2022 predictions on # Bitcoin ( $61,660.00 ) :

•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
• Bitcoin ( $61,660.00 ) City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @The Bitcoin ( $61,660.00 ) Conf

— Nayib Bukele (@nayibbukele) January 2, 2022

Bukele also envisions an oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives — Bitcoin ( $61,660.00 ) City and Volcano bonds. As Cointelegraph previously reported, the president foresees Bitcoin ( $61,660.00 ) City to become a fully functional city with residential areas, shopping centers, restaurants, a port, “everything around Bitcoin ( $61,660.00 ) .”

According to Bukele, “ Bitcoin ( $61,660.00 ) City will commence construction” this year, implying the development of the $1 billion BTC bonds-backed virtual city. Along with this development, he predicts an oversubscription of the Volcano bonds.

Bukele also predicts that Bitcoin ( $61,660.00 ) will become a major electoral issue in U.S. elections this year and told his Twitter followers to be on the lookout for “a huge surprise” at Bitcoin ( $61,660.00 ) 2022 conference.

This tweet will age well

— Nayib Bukele (@nayibbukele) January 2, 2022

Related: Some Salvadorans claim funds are missing from their Chivo wallets

El Salvador’s mainstream Bitcoin ( $61,660.00 ) adoption met with a series of technical hurdles, the latest being reports of missing funds from the country’s in-house Bitcoin ( $61,660.00 ) wallet, Chivo.

As Cointelegraph reported, at least 50 Salvadorans reported losses totaling more than $96,000 in December, due to an alleged unknown glitch in the Chivo wallet.

Hilo con algunos afectados por la Chivo Gualet.

1- $16,000 pic.twitter.com/EC3hehXKDz

— El Comisionado (@_elcomisionado_) December 18, 2021





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