April 28, 2024

El Salvador's President Predicts 'A Huge Soar in BTC Price'

The President of El Salvador predicted a “huge rise in the price of BTC”

Nayib Bukele believes that the price of Bitcoin will increase significantly in value due to the limited supply of 21million coins.

On his twitter, he wrote:

There are more than 50 million millionaires in the world.Imagine if everyone decides to buy at least one bitcoin, but it turns out that there are only 21 million bitcoins. Not even enough for half of them. A sharp rise in price – it's only a matter of time.

Bukele's comment came shortly after the IMF once again called on El Salvador to reverse its decision to accept Bitcoin as legal tender. 

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