President of El Salvador: “Bitcoin rate will reach $100 000 in 2022 year " – Bits Media

President of El Salvador Nayib Bukele published a forecast for the development of the cryptocurrency market, According to which c 2022 Bitcoin rate will reach $100 000.

In a post on Twitter, Nayib Bukele (Here's to watching) wrote, that this year the rate of the first cryptocurrency will reach $100 000. He also expects, that two more countries will accept Bitcoin as legal tender. Currently, BTC only has this status in El Salvador.

Interesting, what, according to Bukele, cryptocurrencies will be an issue in the next US presidential election. He did not reveal his thoughts, but, most likely, This refers to the financing of election campaigns - candidates can accept donations in cryptocurrency, however, tracking the sources of funds can be quite difficult.

Bukele also said, that construction of Bitcoin City will begin this year. Plans to build Bitcoin City in El Salvador became known at the end of November.. As part of the project, it is planned to create an innovative city for the development of the cryptocurrency industry and other technological and social initiatives in the country. El Salvador will invest in the construction of the city $1 billion, proceeds from the sale of bonds. Large cryptocurrency companies also plan to invest in the project., including Bitfinex exchange and Blockstream company.

Besides, Bukele wrote, that the public is in for a “big surprise” at the Bitcoin conference. It’s still unclear what we’re talking about, but the conference will be held in April 2022 year in Miami.

Earlier Nayib Bukele said, that now the authorities of most countries in the world are watching El Salvador. The country has become an “experiment” in using Bitcoin as a means of payment and, according to Bukele, the success of this experiment will “ruin” fiat money.