Wednesday, September 28

President Bukele Heralds Bitcoin Price Rebound To $ 100,000, Increased Legal Adoption, And More By CoinTelegraph

© Reuters. President Bukele Heralds Bitcoin Price Rebound to $ 100,000, Increased Legal Adoption, and More

On January 2, El Salvador’s President Nayib Bukele shared five bullish predictions about the performance of () for the year 2022.

Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a measure to counter rising inflation in the country. Since legalization, the president has acquired 1,370 BTC for the country’s reserve and reinvested his unrealized earnings in new infrastructure projects, including a hospital and a school.

  • President Bukele responds to criticism of his “Bitcoin experiment”

President Bukele predicted that two more countries will join El Salvador in adopting Bitcoin as legal tender in 2022. In the same year, he expects a bullish rally that will take the price of BTC to a new all-time high of $ 100,000.

Read the full article on Cointelegraph

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