What could be the other countries that are going to adopt bitcoin as legal tender too? Dominican Republic is what I'm guessing for the other one. I'm reading replies to his tweet and it seems that there are still a lot of people worried about what he's doing. Well, he's the president of El Salvador and people are really worried about his venture to bitcoin. I'm waiting for the other countries that would make bitcoin as their legal tender then this will show the doubters a great significance that they shouldn't ignore bitcoin.
There's problems that have arise when bitcoin became a legal tender in El Salvador and their impact to the market don't seem to be that big so it's hard to believe that another country will follow up. Maybe if the market goes for another ATH, it might attract some people of big influences. 
Topic: Nayib Bukele prediction: 2 more countries will adopt Bitcoin as legal tender - page 4. (Read 577 times)
January 02, 2022, 11:26:02 PM
January 02, 2022, 11:10:38 PM
•Will reach $100k
That's pretty conservative in my opinion unless we go full bear.
•2 more countries will adopt it as legal tender
Quite realistic as well. We've had a good amount of rumours last year already. But of course, don't expect the bigger and more dominant countries to adopt bitcoin just yet.
•Will become a major electoral issue in US elections this year
Probably, assuming Miami Mayor Francis Suarez actually ends up running.
•Bitcoin City will commence construction / Volcano bonds will be oversubscribed / Huge surprise at @TheBitcoinConf
Ok.
That's pretty conservative in my opinion unless we go full bear.
•2 more countries will adopt it as legal tender
Quite realistic as well. We've had a good amount of rumours last year already. But of course, don't expect the bigger and more dominant countries to adopt bitcoin just yet.
•Will become a major electoral issue in US elections this year
Probably, assuming Miami Mayor Francis Suarez actually ends up running.
•Bitcoin City will commence construction / Volcano bonds will be oversubscribed / Huge surprise at @TheBitcoinConf
Ok.
January 02, 2022, 10:59:14 PM
The first prediction is what everyone is really most excited about. I am also excited for Bitcoin to finally get that $100,000 prize. I believe it will happen in 2022. With regard to more countries adopting Bitcoin as legal tender. There is also a possibility for it, the two might be coming from Central America or South America. I am looking forward to it as well. But there must be more countries that will accept Bitcoin, although not as a legal tender.
There is more positive moves happening around the market which could drive the price of bitcoin touch $100k, yet we don't know how and when this gonna take place. Because, in no time the market used to move in opposite directions. When it comes to more two countries adopting bitcoin, there is possible chances. Particularly countries that doesn't have a national currency will go for it. More countries accepting bitcoin apart from adoption as a legal tender will happen for sure, because more countries that are against cryptocurrency is now regulating and developing policies for the same. January 02, 2022, 10:13:10 PM
The first prediction is what everyone is really most excited about. I am also excited for Bitcoin to finally get that $100,000 prize. I believe it will happen in 2022. With regard to more countries adopting Bitcoin as legal tender. There is also a possibility for it, the two might be coming from Central America or South America. I am looking forward to it as well. But there must be more countries that will accept Bitcoin, although not as a legal tender.
January 02, 2022, 08:41:17 PM
part of the tween was about the $100k
just some economic theory to add to this point:
at the moment the most expensive electric price on the planet puts mining costs at $80k a coin.
right now those countries are not mining but happily buying. keeping prices from going down by countering those with coin selling
if the price reached $80k then EVERYONE on the planet can afford to mine. which means then selling at profit. meaning less buy pressure and more sell pressure, so no a sustainable price to reach
to establish a sustainable VALUE (that lasts) at and above $100k the hashrate has to exceed and maintain atleast 230exahash to really make it difficult and costly to mine and make even $100k worthy of some buy pressure.
yes we might see some speculative hype social drama move the price up. but social drama is never a sustainable metric of value. its just a pump and dump temporary price glitch
....
as for two other countries..
well it only took El salvador 7 months from trialling the 'strike' remittance system to then get the country to legally acknowledge bitcon as legal tender. so anything it is possible in the next year that other countries might do too. but expect a few months delay between announcing a countries interest vs actually achieving it.
and as we all know by now, announcements of 'interested in a possible acceptance' is not actual acceptance, and remains gossip until it actually becomes legal
just some economic theory to add to this point:
at the moment the most expensive electric price on the planet puts mining costs at $80k a coin.
right now those countries are not mining but happily buying. keeping prices from going down by countering those with coin selling
if the price reached $80k then EVERYONE on the planet can afford to mine. which means then selling at profit. meaning less buy pressure and more sell pressure, so no a sustainable price to reach
to establish a sustainable VALUE (that lasts) at and above $100k the hashrate has to exceed and maintain atleast 230exahash to really make it difficult and costly to mine and make even $100k worthy of some buy pressure.
yes we might see some speculative hype social drama move the price up. but social drama is never a sustainable metric of value. its just a pump and dump temporary price glitch
....
as for two other countries..
well it only took El salvador 7 months from trialling the 'strike' remittance system to then get the country to legally acknowledge bitcon as legal tender. so anything it is possible in the next year that other countries might do too. but expect a few months delay between announcing a countries interest vs actually achieving it.
and as we all know by now, announcements of 'interested in a possible acceptance' is not actual acceptance, and remains gossip until it actually becomes legal
January 02, 2022, 06:49:32 PM
I think we will see more countries accepting bitcoin as legal tender when we see what the IMF has in store for El Salvador.
El Salvador is still going to be asking the IMF for money here soon, we will see how the IMF cooperates with them given they have been warned multiple times about their new-found use for bitcoin.
If their negotiations go well with the IMF and they are able to secure the funds they are looking for, we may see other countries follow suit with the legal tender laws. If El Salvador ends up getting shafted by the IMF we could see a very different attitude.
El Salvador is still going to be asking the IMF for money here soon, we will see how the IMF cooperates with them given they have been warned multiple times about their new-found use for bitcoin.
If their negotiations go well with the IMF and they are able to secure the funds they are looking for, we may see other countries follow suit with the legal tender laws. If El Salvador ends up getting shafted by the IMF we could see a very different attitude.
January 02, 2022, 06:33:42 PM
President of El Salvador Nayib Bukele tweeted that 2 more countries will adopt Bitcoin as legal tender:
Twitter account Nayib Bukele @nayibbukele
https://twitter.com/nayibbukele/status/1477464599612076038
2022 predictions on #Bitcoin:
•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf
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
Twitter account Nayib Bukele @nayibbukele
https://twitter.com/nayibbukele/status/1477464599612076038
2022 predictions on #Bitcoin:
•Will reach $100k
•2 more countries will adopt it as legal tender
•Will become a major electoral issue in US elections this year
•Bitcoin City will commence construction
•Volcano bonds will be oversubscribed
•Huge surprise at @TheBitcoinConf
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
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