.nayibbukele sees Bitcoin entering the six-figure territory in 2022
In October, BitMEX CEO Alexander Höptner shared an even more optimistic prediction, claiming that as many as five developing countries would embrace Bitcoin due to inflation concerns and high remittance costs.
El Salvador, the smallest country in Central America, adopted Bitcoin as an official currency in early September, setting the stage for “hyperbitcoinization.” In November, Bukele announced that the government had partnered with blockchain infrastructure firm Blockstream to issue $1 billion worth of sovereign Bitcoin bonds in a first for a nation-state. Part of the raised debt will be used for building the worst’s first Bitcoin city that will be constructed near the Conchagua volcano.
In his most recent thread, Bukele predicts that the government will start the city’s construction this year, and volcano bonds will end up being oversubscribed.Bukele also shared an optimistic Bitcoin price prediction, claiming that the world’s largest cryptocurrency will end up topping the much-coveted $100,000 in 2022.
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