What went wrong? -News Bitcoin messages

Nayib Bukele, President of El Salvador and die-hard Bitcoin enthusiast, formulated a number of predictions about the behavior of Bitcoin and the crypto ecosystem for the past year. This included Bitcoin's maximum price, the influence of cryptocurrency on the US elections, the emission of the volcanic bonds and also the construction of Bitcoin City. However, he missed the goal for most.

bukeles predictions for 2022

The President of El Salvador, Nayib Bukele, one of the greatest supporters of Bitcoin in Latam and the man behind the introduction of Bitcoin as a legal means of payment in his country, has made a number of predictions about the world of cryptocurrency and their movements for 2022. Several EL Salvador-specific developments related to Bitcoin.

The first prediction, reveals in a twittering on January 1, 2022, which Bitcoin would reach, which would reach Bitcoin was calculated to around $ 100,000. This has not been true, since the maximum price is bitcoin reached was around $ 47,500.

The second predictions of Bukele's predictions said that two other countries would introduce Bitcoin as a legal means of payment. This also failed to materialize. St. Kitts and Nevis did this, however, would be announced the possibility examine to earn bitcoin money ( bch ) Legal payment measures by March 2023, "as soon as the protective measures for our country and our people are guaranteed", as Prime Minister Terrance Drew explained on November 12th.

Another prediction was that Bitcoin "would be an important election topic in the US elections this year". While Bitcoin-related topics part of the political and regulatory Landscape of the United States in 2022, more with the Detain from ftx in For the past two months, this prediction also missed its goal.

el Salvador-specific predictions

The second half of the predictions made by Bukele had more to do with Salvador-specific topics, including the status of the volcanic bonds that would be issued by the government to finance Bitcoin City, and also with the construction of the city itself.

The fourth prediction that Bukele made was that the construction of the Bitcoin City, the geothermally operated, Bitcoin mining-friendly city, would begin last year. However, this did not happen, however, since one of the last statements about his construction on January 9, 2022 took place at Bukele explains You bored other geothermal fountain to secure the energy required for the operation of the city.

This also has to do with its fifth forecast, the explained that the would be oversubscribed. However, the emission of volcanic bonds did not take place in 2022, with Finance Minister Alejandro Zelaya blame for the displacement of the emission to Russia-Ukraine conflict and the autumn of the cryptocurrency market. In September also Bitfinex CTO Paolo Ardoino would delay because the laws are not yet finished to support the emission

his sixth and last prediction announced a surprise that was to be unveiled at the Bitcoin conference, which took place in Miami in April. However, bukele was not able to do this The government's reaction was exposed to a rush of gang violation that began in March qualified by the United Nations as "cruel and inhuman"

What do you think of the predictions of Nayib Bukele, the President of El Salvador, for 2022? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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