Bitcoin will hit $100,000 this year, says El Salvador President

El Salvador President Nayib Bukele thinks that Bitcoin (BTC) will hit $100,000 this year, despite markets being down at the end of 2021.

Bitcoin Will Hit $100,000 This Year, Says El Salvador President
El Salvador President | Image: Optimisus

In a tweet on January 2, 2022, the El Salvador president shared a list of predictions about the developing cryptocurrency, reviving the expectancy of Bitcoin enthusiasts.

Despite that the largest cryptocurrency is down 20% from its all-time high of $69,000, Bukele believes that Bitcoin “Will reach $100k” before the year ends.

Additionally, Bukele also predicted that Bitcoin would see increased adoption as legal tender by countries, saying, “2 more countries will adopt it as legal tender.”

As of now, El Salvador is the only country that adopted the king of cryptos as legal tender, recognizing it as a means of payment while building a web of services around it.

With El Salvador’s Bitcoin stance approval ratings on the rise, countries like Ukraine and Turkey are coming under the spotlight.

El Salvador will also start the construction of its Bitcoin City later in the year as announced in 2021. The country will use the profits from BTC to build the city.