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deVere Group Backs President Bukele for More Countries to Accept Bitcoin as a Legal Tender in 2022 -Breaking

by Mike Robinson

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deVere Group backs President Bukele in his quest to get more countries to accept Bitcoin as legal tender in 2022

Since September 7, 2021’s official adoption as a legal tender, many other countries have been reporting on the benefits of digital currencies and others are considering doing so.

Although no official announcement has been made, Nayib Bukele, President of El Salvador, thinks that Bitcoin may be legal in three other countries by 2022.

Nayib Bukel shared his predictions for bitcoin in 2022 via a January 1 tweet. This was to reach his 3.2 million Twitter followers. Nigel Green of deVere Group – a global financial advisory and fintech organization – believes Bukele’s prediction could happen in 2022.

According to Green, low-income countries that have suffered rampant inflation due to weak currencies are more likely to take up another country’s currency as a legal tender.

He further explained that by adopting Bitcoin as legal tender, these countries would get a currency that isn’t influenced by another country’s economy or their own economy.

Green claimed that Panama and Paraguay could adopt Bitcoin due to similar dependence on remittances.

Alex Hoeptner is the CEO of Bitmex crypto exchange. He also predicts that five other countries will adopt bitcoin legal tender by 2022. However, he also noted that “all of them will be developing countries.”

To The Flipside

  • The El Salvadorian president has been criticized by many, including the International Monetary Fund for the “Bitcoin experiment.”

Why you should care

The narrative of Bitcoin is steadily changing – from a digital asset hyped for quick gains to one that could possibly change the fortune of a nation.

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