Arab Press

بالشعب و للشعب
Wednesday, Sep 03, 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

Arab Press
0:00
0:00
Close
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
United States Sells Luxury Yacht Amadea, Valued at Approximately $325 Million, in First Sale of a Seized Russian Yacht Since the Invasion of Ukraine
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
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
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
×