London Daily

Focus on the big picture.
Saturday, Jul 26, 2025

El Salvador President Nayib Bukele Makes 6 Bitcoin Predictions For 2022: $100,000 Price Target, Sovereign Adoptions And More

El Salvador President Nayib Bukele Makes 6 Bitcoin Predictions For 2022: $100,000 Price Target, Sovereign Adoptions And More

BTC bull and President of El Salvador Nayib Bukele has six predictions for the apex crypto in 2022. Bukele announced his prognostications to his 3.2 million Twitter followers on Jan. 1.

El Salvador's Bitcoin Thrust: El Salvador has the distinction of being the first country to adopt Bitcoin as legal tender, alongside the U.S. dollar, on Sep. 7, 2021. At the time, Bukele reasoned the move would spur investment in the country and come in handy for 70% of its citizens, who don't have access to traditional financial services.

El Salvador has also been buying Bitcoin in regular intervals and holding it as a reserve. As of Dec. 21, the nation's Bitcoin reserve stood at 1,391 BTC.

In late November, Bukele announced at Bitcoin Week that the country will build a Bitcoin City, which will be funded by the issuance of a $1 billion Bitcoin Bond.

The International Monetary Fund, however, has warned El Salvador against using Bitcoin as legal tender due to risks associated with cryptocurrencies.

Bukele's Predictions: President Bukele's crystal-gazing has brought up six predictions for the most valued crypto.

1. Bitcoin At $100,000: Bukele expects Bitcoin to reach $100,000 in 2022. The apex currency is currently trading at around $47,000 following a roller-coaster year, when it gained about 60%. Bitcoin has to more than double in 2022 to hit Bukele's target.

2. More Bitcoin Adoption: Bukele expects two more countries to adopt Bitcoin aa legal tender in 2022. Reports suggest there is political support in Panama, Ukraine and Cuba for the adoption of Bitcoin.

3: Bitcoin Key Topic In U.S. Midterm Elections: The El Salvador President believes Bitcoin will become a major electoral issue in the U.S. midterm elections to be held on Nov. 8, 2022.

4. Bitcoin City Construction Kickstarts: Bukele expects construction of the Bitcoin City to commence in 2022.

5. Volcano Bond Subscription: El Salvador plans to finance the construction of its proposed Bitcoin City using funds raised by issuing a $1 billion volcano-powered Bitcoin bond. Bukele had earlier indicated that the bond will likely be issued in 2022. The President now predicts that the volcano bonds will be oversubscribed.

6. Huge Surprise At Bitcoin Conference: Bukele also prepared stakeholders for a huge surprise at the Bitcoin Conference. The conference, named "Bitcoin 2022" will be held in Miami, Florida between April 6 and 9. Bukele is scheduled to speak at the event.

At last check, Bitcoin was down 0.22% over the past 24 hours to $47,247.62.

Newsletter

Related Articles

0:00
0:00
Close
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
×