• Alex Hoeptner, CEO of the company, has forecasted that five countries in developing nations will recognize it as legal tender by 2022.
• This was based upon three factors.
• These are inflation, remittances and politics.

Alex Hoeptner (Bitmex) seems to be a passionate Bitcoin fan. Hoeptner’s prediction of more than five countries accepting Bitcoin (BTC) as legal tender in the future is based on this combination. Hoeptner said that,

My prediction is that by the end of next year, we’ll have at least five countries that accept bitcoin as legal tender. They’ll all be developing nations. Here’s why I think developing countries will jump into crypto in 2022.

Hoeptner also predicted that three factors could be key to Bitcoin adoption in developing countries. He also highlighted that the main factors driving BTC adoption for next year are remittances as well as inflation and politics.

Expanding further on the factors, Hoeptner emphatically pointed on El Salvador’s GDP remittance and how Western Union’s 10% charges on home transfer are ripping its senders off.

In the same breath, this man also mentioned IMF’s 2.4% inflation in advanced countries and 5.4% to developing countries. He also noted that people will choose fiat currencies over other options in times of inflation crises. Hoeptner supported this point by a specific example. “As inflation climbed well above 15% this year in Turkey, crypto adoption surged.”

Lastly, Hoeptner emphasized the notion that savvy politicians will tap more from El Salvador’s Bitcoin movement. They will be more likely to use Bitcoin to benefit their constituents and themselves.

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