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President Bukele predicts Bitcoin rally to $100K, further legal adoption and more

Published 01/02/2022, 04:47 AM
Updated 01/03/2022, 06:40 AM
© Reuters.

© Reuters.

On Sunday, Salvadoran President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022.

Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the government has acquired 1,370 BTC for the country’s reserve and has reinvested its unrealized gains into new infrastructure projects, including a hospital and a school.

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