El Salvador Predicts Two More Countries Will Make Bitcoin Legal
El Salvador President Nayib Bukele Predicts Two More Countries Will Make Bitcoin Legal Tender In 2022
On New Year’s Day 2022, El Salvador President Nayib Bukele tweeted out his predictions for Bitcoin this upcoming year, making some very bold bets.
Seemingly the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.”
El Salvador became the first country to make BTC legal tender on September 7, 2021, sparking a revolution that caught the attention of many other world leaders. This is a very interesting prediction especially after El Salvador’s ambassador to the United States Milena Mayorga said that if successful in their country, other countries “will follow” in Bitcoin adoption.
Bitcoin “will become a major electoral issue in US elections this year,” he said.
The discussion around Bitcoin in the United States amongst politicians has really heated up over the past year. Many politicians such as 2020 Democratic presidential candidate Andrew Yang, alongside Republican senators Cynthia Lummis and Warren Davidson showed their support for the asset class. Whilst other U.S. politicians have expressed their concerns about the topic. Like senator Elizabeth Warren for example, who thinks it only benefits the wealthy. It will be very interesting to see how Bitcoin regulation unfolds in America as more politicians educate themselves on the matter.
On New Year’s Day 2022, El Salvador President Nayib Bukele tweeted out his predictions for Bitcoin this upcoming year, making some very bold bets.
Seemingly the biggest prediction out of the six he made is that “2 more countries will adopt it as legal tender.”
El Salvador became the first country to make BTC legal tender on September 7, 2021, sparking a revolution that caught the attention of many other world leaders. This is a very interesting prediction especially after El Salvador’s ambassador to the United States Milena Mayorga said that if successful in their country, other countries “will follow” in Bitcoin adoption.
Bitcoin “will become a major electoral issue in US elections this year,” he said.
The discussion around Bitcoin in the United States amongst politicians has really heated up over the past year. Many politicians such as 2020 Democratic presidential candidate Andrew Yang, alongside Republican senators Cynthia Lummis and Warren Davidson showed their support for the asset class. Whilst other U.S. politicians have expressed their concerns about the topic. Like senator Elizabeth Warren for example, who thinks it only benefits the wealthy. It will be very interesting to see how Bitcoin regulation unfolds in America as more politicians educate themselves on the matter.
