Nayib Bukele believes that Bitcoin will hit $100,000 this year despite markets having closed with their heads hanging in 2021.
According to a Sunday tweet, the El Salvador president shared a list of predictions regarding the nascent cryptocurrency, rekindling the expectancy of Bitcoiners. Despite hopes that the cryptocurrency could hit a six-figure price tag running high especially during the first three quarters of 2021 dwindling, Bukele believes that Bitcoin “Will reach $100k” before the year ends.
Bukele also predicted that Bitcoin will see increased adoption as legal tender by countries. “2 more countries will adopt it as legal tender,” he said.
So far, El Salvador is the only country that has declared Bitcoin as legal tender, officially recognizing it as a medium of exchange while building a web of services around it. With El Salvador’s Bitcoin stance approval ratings on the rise, states such as Tonga have also signaled at making the cryptocurrency legal tender with more such as Ukraine and Turkey coming under the spotlight. BitMEX’s C.E.O recently expressed his confidence in more countries making Bitcoin Legal tender this year, predicting at least five nations could join El Salvador’s path.