Jump to content

El Salvador’s president predicts that Bitcoin price could hit $100,000 in 2022


Recommended Posts

 

El Salvador’s president predicts that Bitcoin price could hit $100,000 in 2022

CRYPTOS | Ekta Mourya, FXStreet

bitcoins-and-dollars-768x480.jpg

 

  • Nayib Bukele, president of El Salvador predicted Bitcoin price could hit $100,000 in 2022. 
  • Bukele believes that two more countries will adopt Bitcoin as legal tender. 
  • Bitcoin price has plunged 32% from its all-time high, as analysts predict further drop. 

President of El Salvador believes that Bitcoin price could hit $100,000 in 2022. Nayib Bukele is confident that more countries will adopt Bitcoin as legal tender this year. 

Analysts predict a further drop in Bitcoin price in 2022

Bitcoin price has plunged over 32% from its November high, and analysts have predicted a continuation of the downtrend. Thomas Petterfry, an American billionaire says that it is prudent to have 2% to 3% of personal wealth in cryptocurrencies. 

Nayib Bukele, president of El Salvador tweeted earlier today that he believes Bitcoin price could hit $100,000 in 2022. This fueled a bullish narrative for Bitcoin price. 

Bukele believes that two major countries are likely to adopt Bitcoin as legal tender. The asset is on its way to become a major electoral issue in the US elections. 

The Salvadoran has predicted that volcano bonds, half of which is used to buy Bitcoin and the other half for the volcano-powered mining infrastructure. 

image.png

Analysts are bearish on Bitcoin price. @venturefounder, a crypto analyst noted that Grayscale, a leader in digital asset management has not purchased more Bitcoin. The giant has not bought anymore Bitcoin since the GBTC premium turned to discount.

Grayscale, the largest institutional holder is slowly distributing over 600,000 Bitcoin. 

 

@crypto_birb, a crypto analyst believes that the crypto market is swinging back and forth and there is no directional consensus. As long as there is no trigger for the short term, Bitcoin price could continue its downtrend. 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Hi    when I try to buy the tickers SDIV and KBWD the platform does not allow me. This is strange as I have a broker account in France where I can easily buy these products. the MIFID retail legislation is related to CFD and margin, hence the reason must be different, can anybody help me?   Thanks
    • BOOM UP is the ultimate Game-Fi experience on Telegram, offering gamers a chance to earn real profits while immersing themselves in thrilling gameplay, unique art, and social interactions. Say goodbye to time-consuming games and hello to a world where fun meets profitability! By blending traditional gaming with the power of blockchain, BOOM UP is revolutionizing the industry and bridging the gap between Web2 and Web3. Get ready to dive into the future of gaming and experience a whole new level of excitement and rewards! Exciting news – BOOM UP is about to launch on Bitget, taking the crypto world by storm. Don't miss out on the chance to be a part of this groundbreaking project that's set to redefine the gaming and finance landscape. Get ready to level up with BOOM UP on on this exchange and unlock endless possibilities in the world of Game-Fi and NFTs!
    • As crypto adoption explodes in the EU, Bitget is fueling the flames with Builders Meetups – engaging events designed for both crypto veterans and newbies. Imagine learning from the Bitget EU COO Apprentice and crypto bigwigs, then building your network with fellow enthusiasts (potential friends or collaborators!). Plus, expert talks will boost your crypto IQ and there might even be free swag! Bitget goes beyond exchange, fostering the community through educational resources on Bitget Academy and a user-friendly platform that welcomes newcomers to the exciting world of crypto. The "Meet Bitget: Your Gateway to Crypto Trading" event in Bucharest, Romania on July 18th is your chance to dive in – registration is free! Don't miss out and spread the word.
×
×
  • Create New...
us