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‘Huge Surprise’—El Salvador’s President Issued Six Big Bitcoin Predictions As The Price Of Ethereum, BNB, Solana, Cardano And XRP Limp Into 2022

‘Huge Surprise’—El Salvador’s President Issued Six Big Bitcoin Predictions As The Price Of Ethereum, BNB, Solana, Cardano And XRP Limp Into 2022
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Bitcoin and cryptocurrency had their biggest year ever in 2021, as El Salvador became the first country in the world to adopt Bitcoin as legal tender (although not everyone is convinced).

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The price of bitcoin has gone from about $30,000 per bitcoin this time last year to nearly $50,000 today. Other major cryptocurrencies such as Ethereum, BNB, solana, and cardano from Binance have soared significantly higher, with the price of Ethereum up nearly 400% since this time last year, and Ethereum rival solana hitting a staggering 10,000% rally.

Now, the millennial president of El Salvador, Neb Bokel, has released a flurry of Bitcoin predictions for 2022 – including that the price of Bitcoin will double to $100,000.

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Bukele writes that Bitcoin will “reach $100,000” in 2022 to Twitter, sparking a “big surprise” at this year’s Miami Bitcoin Conference in April, where El Salvador’s plan to adopt bitcoin as one of its official currencies alongside the US dollar was first revealed last year. However, Bukele’s predictions for the price of bitcoin pale in comparison to some.

Bitcoin price peaked at just over $69,000 per bitcoin in November before dropping below $50,000. Over the summer, the price of bitcoin dropped to $30,000 in the wake of the recent Chinese cryptocurrency and Tesla crackdown.

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Many expected Bitcoin to hit $100,000 before the start of 2022, but Bitcoin, Ethereum, BNB from Binance, Solana, Cardano, and XRP all struggled towards the end of the year. The combined market capitalization of bitcoin and cryptocurrencies has lost about $800 billion since November, retreating from a peak of nearly $3 trillion, as fears of rising inflation and the Federal Reserve’s 2022 forecast grow.

After Bukele announced a bombshell at the Miami Bitcoin Conference, El Salvador officially made bitcoin a national currency in September and gradually bought a total of 1,141 bitcoins, according to Reuters Calculations – buy more regularly.

Just last month, El Salvador bought 21 more bitcoins to celebrate the 21st day of the last month of the 21st century, Bukele revealed on Twitter, naming himself the CEO of El Salvador and changing his Twitter position last year for a while. brief. Pew to “dictator”. The number 21 is significant for bitcoin as there will only be 21 million bitcoins.

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Bukele’s 2o22 bitcoin forecast also includes:[two] More countries will adopt it as legal tender, [bitcoin] Will become a major election issue in the US elections this year, Bitcoin City will start building [and] Volcanic bond underwriting will be oversubscribed” — referring to the recently announced low-tax new city that will be built with funds from a $1 billion bitcoin-backed geothermal bond from a nearby volcano.

Some of El Salvador’s regional neighbors who are also dependent on the US dollar said they are closely monitoring the country’s bitcoin experience for signs of success. Some political leaders have indicated that they are willing to embrace bitcoin if it can reduce remittance costs as Bukele claimed.

Meanwhile in the US, the mayors of New York and Miami are campaigning for their cities to become hubs for bitcoin and cryptocurrency, both promising to receive bitcoin paychecks and courting investors. On Capitol Hill, Bitcoin and crypto lobbyists emerged as a new force in 2021, shaping the rules governing the crypto space to reflect the technology’s popularity.

In December, a closely watched analyst said he expects the US to adopt cryptocurrency in 2022 – and it appears that the Bitcoin price prediction is “on a $100,000 path” and Ethereum could hit $5,000.

Former Twitter CEO Jack Dorsey, who recently left the social media giant he co-founded to grow his payments company, made headlines when he predicted that Bitcoin would eventually replace the US dollar.

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