{"id":792,"date":"2022-01-02T09:58:37","date_gmt":"2022-01-02T09:58:37","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=792"},"modified":"2022-01-02T09:58:37","modified_gmt":"2022-01-02T09:58:37","slug":"president-bukele-predicts-bitcoin-100k-rally-further-legal-adoption-and-more","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=792","title":{"rendered":"President Bukele predicts Bitcoin $100k rally, further legal adoption and more"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele\u2019s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country\u2019s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school.<\/p>\n<p>President Bukele predicted that two more countries will join El Salvador to adopt Bitcoin 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.<\/p>\n<p>On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin\u2019s (BTC) performance for the year 2022.\u00a0<\/p>\n<p lang=\"en\" dir=\"ltr\">2022 predictions on #Bitcoin:<\/p>\n<p>\u2022Will reach $100k<br \/>\u20222 more countries will adopt it as legal tender<br \/>\u2022Will become a major electoral issue in US elections this year<br \/>\u2022Bitcoin City will commence construction<br \/>\u2022Volcano bonds will be oversubscribed<br \/>\u2022Huge surprise at @TheBitcoinConf<\/p>\n<p>\u2014 Nayib Bukele  (@nayibbukele) January 2, 2022<\/p>\n<p>Bukele also envisions an oncoming explosive growth for El Salvador\u2019s two in-house BTC-based initiatives \u2014 Bitcoin City and Volcano bonds. As Cointelegraph previously reported, the president foresees Bitcoin City to become a fully functional city with residential areas, shopping centers, restaurants, a port, \u201ceverything around Bitcoin.\u201d<\/p>\n<p>According to Bukele, \u201cBitcoin City will commence construction\u201d 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. <\/p>\n<p>Bukele also predicts that Bitcoin will become a major electoral issue in U.S. elections this year and told his Twitter followers to be on the lookout for \u201ca huge surprise\u201d at Bitcoin 2022 conference.<\/p>\n<p lang=\"en\" dir=\"ltr\">This tweet will age well <\/p>\n<p>\u2014 Nayib Bukele  (@nayibbukele) January 2, 2022<\/p>\n<p><strong>Related: <\/strong><strong><em>Some Salvadorans claim funds are missing from their Chivo wallets<\/em><\/strong><\/p>\n<p>El Salvador\u2019s mainstream Bitcoin adoption met with a series of technical hurdles, the latest being reports of missing funds from the country\u2019s in-house Bitcoin wallet, Chivo. <\/p>\n<p>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.<\/p>\n<p lang=\"es\" dir=\"ltr\">Hilo con algunos afectados por la Chivo Gualet.<\/p>\n<p>1- $16,000 pic.twitter.com\/EC3hehXKDz<\/p>\n<p>\u2014 El Comisionado (@_elcomisionado_) December 18, 2021<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/president-bukele-predicts-bitcoin-100k-rally-further-legal-adoption-and-more\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele\u2019s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country\u2019s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school. President Bukele [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=792"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/792\/revisions"}],"predecessor-version":[{"id":794,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/792\/revisions\/794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/793"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}