Nayib Bukele prediction: 2 more countries will adopt Bitcoin as legal tender - page 2.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: michellee on January 06, 2022, 04:03:49 AM

I am curious what the other countries that Bukele mention. It is no surprise to see if more counties will adopt bitcoin as a legal tender as the other countries can see what El Salvador already reached from bitcoin and that can make them follow the step to adopt bitcoin.

But to see the price will reach $100k this year, that will be a big WOW for us and we wonder when that can happen as we are now witnessing bitcoin price is at $43k. But we admitted that we still have much time to wait and patience while enjoying our time to accumulate more bitcoin in this downtrend still. Sooner or later, the bitcoin price will rise itself and at that time, we can sell for some amount or still wait for another time.

I'm curious about this other countries that were likely going to adopt bitcoin as a legal tender, I mean yeah, like you mate I am also very optimistic that there will be more country that will going to adopt bitcoin however today I don't think so since bitcoin legal adoption is still battling in an option of YES and NO to many countries like my country. I don't know when will price of bitcoin going to pump again but hopefully a $100k ATH will now be attain.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

I am curious what the other countries that Bukele mention. It is no surprise to see if more counties will adopt bitcoin as a legal tender as the other countries can see what El Salvador already reached from bitcoin and that can make them follow the step to adopt bitcoin.

But to see the price will reach $100k this year, that will be a big WOW for us and we wonder when that can happen as we are now witnessing bitcoin price is at $43k. But we admitted that we still have much time to wait and patience while enjoying our time to accumulate more bitcoin in this downtrend still. Sooner or later, the bitcoin price will rise itself and at that time, we can sell for some amount or still wait for another time.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

I have always predicted that the bold step El Salvador took to make bitcoin as legal tender other countries will follow, it may take time for some other country though. I have always known bitcoin as a big digital currency that always win. It was not a surprise to me when El Salvador took bitcoin as legal tender I believed it will happen a day.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

History is being made. Bitcoin keeps his position as a slower, but steady winner both in the adoption rate and in the financial markets.
You can imagine that a president has a lot of influencing power and opportunities so Mr. Nayib is obviously making efforts in promoting Bitcoin as a new standard for storing value.

worle1bm

full member

Activity: 1834

Merit: 166

Maybe more countries will accept btc as legal tender this year but can't say which one will follow the El Salvador path but if i have to predict then it could be some neighbouring nation or some small nation whose currency is dominated by USD to strengthen their economy.

But $100k seems possible this year because we have just entered the year with $40k range and some positive action and investment could boost it to some high levels but nothing is guaranteed so will have to wait another 4-5 months and result will be clear near Q3 of 20222 to tell what price levels it is at that time.

Rengga Jati

hero member

Activity: 2072

Merit: 656

royalstarscasino.com

Quote from: mynonce on January 02, 2022, 06:33:42 PM

President of El Salvador Nayib Bukele tweeted that 2 more countries will adopt Bitcoin as legal tender:

This will be another good news again for the crypto world, moreover for the Bitcoin adoption.
But, what country is that? I am pretty sure that some countries may give certain influences to the Bitcoin price if using it as a legal tender. But, if this is about a small country, I am not sure that the influence will be dominant or be high enough.
however at least, many more good news about the use and acceptance of Bitcoin will bring fresh air.

Well, aside from that, the expectation about Bitcoin price to reach$100k is still around here. But, is that true to reach it this year even after the announcement from the countries that accept Bitcoin as legal tender? As we know that after the El Salvador acceptance, the price of Bitcoin also doesn't rise too significant. I am sure that the price of BTC can still rise up, but I don't know whether it will rise up until $100k or not. Because the era of Bitcoin bullish time actually is likely ended in 2021.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: nullama on January 05, 2022, 06:53:13 AM

Making Bitcoin legal tender is a long process, and it requires of support in government.

Thats correct and I think the cryptocurrency communities are too overwhelmed about this news because no government can such a decision without a proper plan, not even this time that the market next trend is yet to be certain.
For the record, a lot of governments have talked about doing something that will crypto to be used as payment why does it take them so long but a lot of people don't think about things like this.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: pooya87 on January 05, 2022, 12:54:05 AM

It is more complicated than that. It is also not always about hiding.

Yes, it's true that Iran is using Bitcoin in some of their trades with other countries, but I don't think it should be viewed as "Bitcoin allows you to bypass sanctions". The will of some EU countries to trade with Iran despite the US' protests is the key factor here.

Quote from: pooya87 on January 05, 2022, 12:54:05 AM

Using a different means of payment (eg. using SPFS ie. the equivalent of SWIFT from Russia) or bitcoin means bypassing the US control through a channel they can never intervene.

Right, Bitcoin is one of many alternative ways. People shouldn't start thinking that Bitcoin is the only way to bypass sanctions and that it rendered sanctions useless.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: dothebeats on January 05, 2022, 11:03:59 AM

Probably not going to happen any time soon. Bukele is probably just hyping up bitcoin yet again, and he knows that not a lot of countries have the leeway to approve bitcoin as a legal tender.

It is a long and tedious process, and not some plan that can easily be executed if they so do wish, especially if the country in question is already facing enough economic problems of their own.

We will certainly see other countries following suit, but it's most certainly not any time soon.

Well, things will remain unpredictable until we see them already happening. I understand how bullish Bukele is when it comes to bitcoin as he leads the first country who had made bitcoin a legal tender. And if by chance he has met other leaders and talk all about this, then no wonder he has come up with this predictions. But if he is just making a hype, i don't think its still necessary for bitcoin as we all know that bitcoin will always have its own time to recover and surge its price again.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: m2017 on January 05, 2022, 12:15:20 PM

Quote from: NeuroticFish on January 03, 2022, 04:26:30 AM

Quote from: mynonce on January 02, 2022, 06:33:42 PM

President of El Salvador Nayib Bukele tweeted

Very nice of him to tweet about Bitcoin, but we already know that he's bullish on Bitcoin and has his own interest in Bitcoin being successful.
And I clearly don't mind, but:
* I don't think that he's a specialist, by far.
* His tweets should be taken with a grain of salt. Or two. Just because they're greatly biased.

I like your sane assessment of this news.

I believe that one should not take Bukele words as something "wow" and believe that his positive predictions will come true. The future is unknown to anyone and any scenario is possible.

If his predictions come true, then this will raise Bukele in the eyes of many. If he makes a mistake, then, in principle, Bukele don't lose anything. Well, I didn't guess, so what.

Let's leave it to the people if they chose to believe in Bukele or not. After all, we all have our different insight about this, and we just hope all for the best. If his predictions will come into reality, then it will add more positive price into bitcoin because there is an increase of adoption. But if not, i guess he has nothing to lose for sure because he has nothing to prove in the first place. Predictions are freely made by everyone, and it should not be totally right since none of us holds the future.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: OgNasty on January 05, 2022, 02:38:09 PM

I'm not sure which way to lean on this news. Either he has been in communication with other countries about this (logical they would ask him for his experience) or he is trying to wish it into existence while trying to pump his bags. I wouldn't put either past him and both seem likely. I don't think it would be far fetched for anyone to make this claim, but considering he would be the guy countries would ask, you have to put a little respect on his name and assume that he's in the know and sharing some knowledge with us. I just hope no disasters happen with the lightning network that cause this sort of adoption to be a massive failure that hurts Bitcoin.

I think with Bukele having his high position, maybe he had made his predictions not just out from thin air but with more solid basis. It's possible that he had made good communication with other countries' leaders so he has the idea about this. But if this is made out from his positivity, i guess there's no wrong with it because its definitely bound to happen but with no definite time. Bitcoin is growing not just in its value but also in its scope, and this massive adoption is its ultimate goal so definitely, bitcoin is definitely working in it.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: mynonce on January 02, 2022, 06:33:42 PM

President of El Salvador Nayib Bukele tweeted that 2 more countries will adopt Bitcoin as legal tender:

Huge surprise?

Among other things, the President of El Salvador has promised a “big surprise” at the Bitcoin 2022 conference. The event will take place from April 6-9 in Miami. In addition to Bukele, it will be attended by:

•head of MicroStrategy Michael Saylor;
•a modern representative of the Austrian school of economics Seyfedin Ammus;
•Blockstream CEO Adam Back;
•Lightning Labs founder Elizabeth Stark and other famous representatives of the crypto industry .
source

Let's face it, with the price of Bitcoin currently wavering in the short term it is looking like the people of El Salvador overpaid for the Bitcoin that was purchased and subsequently given away as a form of electoral bribe. The irony being that the President was only giving people their own money back and not doing much else. While I think other cryptocurrencies or even digital fiat equivalents could certainly start to be used - we're seeing some movement in China on that front - I don't think it makes sense for other countries to use Bitcoin. It's simply too limiting and El Salvador was in a fairly unique situation where it used the US dollar exclusively and had no control over the fiscal policy that ended up guiding them.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

I'm not sure which way to lean on this news. Either he has been in communication with other countries about this (logical they would ask him for his experience) or he is trying to wish it into existence while trying to pump his bags. I wouldn't put either past him and both seem likely. I don't think it would be far fetched for anyone to make this claim, but considering he would be the guy countries would ask, you have to put a little respect on his name and assume that he's in the know and sharing some knowledge with us. I just hope no disasters happen with the lightning network that cause this sort of adoption to be a massive failure that hurts Bitcoin.

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

Somewhat excited Bukele! That tweet is attached to his style, it goes against clock, they are only predictions based on the heart of a politician and the love for bitcoin that any enthusiast can have, bitcoin is destined to that price (100k) but it is not a matter of a tweet, at least we hope not this year.

On the other hand, it will be really unpredictable to determine which country or countries will be included in this list with bitcoin as legal currency, which in reality practices as demonstrated with El Salvador has not had an influence on the value of bitcoin but has had a great influence in the community as a premise.

I think that first we will reach $ 100k before another country is added to El Salvador in the use of bitcoin as legal currency, in my region at least it is not legislating efficiently on bitcoin as an asset for legal use although some are already touching the subject as a proposal, this should be the beginning in any country before reaching the subject of legal currency, what happened in El Salvador was definitely the exception to the norm, so in 2022 it will be difficult to see another country to be added to the list.

m2017

legendary

Activity: 1792

Merit: 1296

Crypto Casino and Sportsbook

Quote from: NeuroticFish on January 03, 2022, 04:26:30 AM

Quote from: mynonce on January 02, 2022, 06:33:42 PM

President of El Salvador Nayib Bukele tweeted

Very nice of him to tweet about Bitcoin, but we already know that he's bullish on Bitcoin and has his own interest in Bitcoin being successful.
And I clearly don't mind, but:
* I don't think that he's a specialist, by far.
* His tweets should be taken with a grain of salt. Or two. Just because they're greatly biased.

I like your sane assessment of this news.

I believe that one should not take Bukele words as something "wow" and believe that his positive predictions will come true. The future is unknown to anyone and any scenario is possible.

If his predictions come true, then this will raise Bukele in the eyes of many. If he makes a mistake, then, in principle, Bukele don't lose anything. Well, I didn't guess, so what.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Pmalek on January 03, 2022, 06:02:20 AM

It's probably going to be at least one South American country (maybe even two) with a ruined economy. It's very doubtful that we will see a western nation do it.

I was thinking that. If he says that based on information he has, and it is not a simple lucubration, it is because he will have talked to other presidents of other countries, probably from South America, and they will have been discussing the subject. We would like to, but I am sure he is not thinking of countries of great international economic importance at the present time.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Probably not going to happen any time soon. Bukele is probably just hyping up bitcoin yet again, and he knows that not a lot of countries have the leeway to approve bitcoin as a legal tender.

It is a long and tedious process, and not some plan that can easily be executed if they so do wish, especially if the country in question is already facing enough economic problems of their own.

We will certainly see other countries following suit, but it's most certainly not any time soon.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

When I see things like this, I wouldn't be too surprised because sooner or later there are certain countries that will follow the adoption rate which will continue to increase.
while saying that maybe in the future it will be even more so.
Apart from that, until now, only Elsavador has dared to be so vocal in making a clear adoption.
but on the other hand there may be more than that because indeed countries such as paraguay and the dominican republic have now coded for this adoption several times

nullama

hero member

Activity: 1008

Merit: 960

Making Bitcoin legal tender is a long process, and it requires of support in government.

AFAIK there's only Tonga planning to discuss this in parliament in 2022, but maybe there are others.

If you don't have laws/bills or at least people in government pushing for it, then it's very unlikely to have it happen this year.

CryptoYar

hero member

Activity: 1064

Merit: 639

I do agree with the Nayib Bukele predictions. If two more countries adopt bitcoin as a legal tender. And the Security Exchange Commission (SEC ) approves some spot ETFs. Then bitcoin will likely cross 100k or at least could touch that mark in 2022.

So In my view, this is the time to grab some BTC for long-term prospects ( if price drops, buy more to reduce your average price). As fundamentally bitcoin getting stronger.

Topic: Nayib Bukele prediction: 2 more countries will adopt Bitcoin as legal tender - page 2. (Read 575 times)