President of El Salvador Nayib BukeleBitcoin price predicts gains fueled by increased demand for the cryptocurrency’s limited supply. “giant” He said he had to experience an uptrend. The prediction comes days after Bitcoin fell by nearly 20% this year and the IMF called on the country to stop using digital currency as a legal tender. Here are the details.
Bukele shared on Twitter on Monday, “A massive price increase is imminent” said. He focused his estimation on the limited supply of Bitcoin and the view that there are 50 million millionaires in the world.
“Imagine they decide that they must each have at least ONE Bitcoin. But there will only be 21 million Bitcoins. Not even enough for half.”
There are more than 50 million millionaires in the world.
Imagine when each one of them decides they should own at least ONE #Bitcoin
But there will ever be only 21 million #Bitcoin
No enough for even half of them.
A gigantic price increase is just a matter of time.
— Nayib Bukele 🇸🇻 (@nayibbukele) January 31, 2022
40-year-old leader bitcoinHe did not make a specific forecast of exactly how much or when.
Bukele led his country to adopt Bitcoin as its legal currency in 2021. Last September, businesses there were supposed to start receiving Bitcoin as payment for goods and services. But last week IMFurged the Central American country not to use Bitcoin as a legal tender.
IMF directors also have the country’s official e-wallet. chivo He called for stricter regulations for Bitcoin and expressed concern about the risks associated with Bitcoin-backed bond issuance. Bukele said last year that El Salvador will aim to raise about $1 billion through a Bitcoin bond.