Nayib BukelePresident of El Salvador A strong foundation Bitcoin A series of predictions were made by enthusiast about the future of cryptocurrency and the cryptoecosystem for 2022. These Included the bitcoin price ceiling and its influence over US elections, as well as the volcano bond sale, and also construction of Bitcoin City. HoweverMost of these forecasts missed the mark.
Bukele’s Predictions for 2022
The President of El Salvador, Nayib BukeleBitcoin’s biggest promoter,. LatamThe man who made bitcoin legal in his country adopted it as a currency. He also made predictions about the future development of cryptocurrencies for 2022. The These predictions covered topics like the price and influence of bitcoin on politics as well as the development of other technologies. El SalvadorSpecific developments related to Bitcoin.
The First prediction revealed in a cheep on January 1, 2022. This was the bitcoin price at which it would reach. Bukele At around $100,000 This It was not possible, as the highest price BTC could reach was $47,500.
The Second of Bukele’s Predictions indicated that bitcoin would soon be legal in two additional countries. This It also didn’t come true. However, Saint Kitts And Nevis The company announced it would investigate the possibility of making Bitcoin Cash (BCH), legal tender March 2023, “once safeguards are guaranteed for our country and our people,” As stated by the first Minister Terrance Drew On November. 12.
Another It was predicted that bitcoin would become a currency. “would become a major election issue in this year’s US election.” While The US has been dealing with bitcoin-related issues throughout 2022. However, this prediction was largely shattered by FTX’s collapse over the last few months.
El Salvador Specific Predictions
The Second half Bukele’s Predictions have more to do Salvador-specific issues, such as the status of volcano bonds that the government would issue in order to finance construction Bitcoin CityThe construction of the city. itself.
The fourth prediction Bukele That was the construction of Bitcoin CityLast year, a bitcoin mining-friendly municipality called began using geothermal energy. HoweverThis did not occur, however, as one of the statements relating to its construction was made on January 9, 2022 Bukele They explained that they were drilling additional geothermal wells in order to provide the energy required for the city’s operation.
This It also has to do his fifth prediction which predicted that volcano bonds would be too popular. HoweverThe volcano bond issue didn’t take place in 2022. Treasury Minister Alejandro Zelaya The issuance delays on the Russia-Ukraine Conflict and the crash of the cryptocurrency market In September, Bitfinex CTO Paolo Ardoino The law supporting their issuance was not yet available, so these bonds will be delayed even further.
His The sixth and final prediction will be revealed as a surprise The Bitcoin ConferenceThe event was held in April In Miami. However, Bukele Could not Appear In the event, El Salvador A spate of gang violence began in the early 2000s. MarchThe government’s response was described as “cruel and inhumane” By the United Nations.
What could have been if these predictions had