El Salvador President Nayib Bukele has made some Bitcoin price projections for the coming year, estimating a price of $100,000 this year

Two more countries are expected to accept it as legal tender in the future, according to his estimate.

On September 7, 2021, El Salvador became the first country in the world to recognise Bitcoin as legal tender beside fiat currency.

El Salvador's ambassador to the United States, Milena Mayorga, predicted that if Bitcoin adoption is successful in El Salvador, other countries "would follow." This is an intriguing forecast.

As he predicted, "Bitcoin will become an important electoral issue in the US elections this year".

Politicians in the United States have become increasingly interested in Bitcoin in the last year.

Conservative senators Cynthia Lummis and Warren Davidson joined with Democratic presidential hopeful Andrew Yang in expressing their support for the asset class.

Sen. Elizabeth Warren, on the other hand, believes that it exclusively benefits the wealthy.

As more lawmakers become familiar with Bitcoin, it will be intriguing to see how the country's regulatory framework develops.

To top it all off, he projected that Blockstream's Liquid Network Bitcoin bonds "would be oversubscribed."

A long-term target of $100,000 per bitcoin has been envisioned by President Bukele as he bets big on this crypto

This year's Bitcoin 2022 conference in Miami, Florida, will be the site of a "big surprise." he claims

 A measure to legalise bitcoin in El Salvador was introduced by Bukele and Strike CEO Jack Mallers in the summer of 2013.

No one knows what he'll reveal at this year's conference, which he'll be attending in person this time around.

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