2024-03-12 18:08:56
The President of the Republic, Nayib Bukele, highlighted the relevance of the adoption of Bitcoin as legal tender in El Salvador, after the historic increase in the cryptocurrency.
Bitcoin has reached a new all-time high, reaching a value of $71,000 per coin. This achievement brings the world’s most popular cryptocurrency closer to the prediction made by the President of El Salvador, Nayib Bukele, who anticipated that Bitcoin would reach $100,000.
The rise in Bitcoin price comes amid growing interest from both retail and institutional investors. Cryptocurrency experts suggest that several factors are driving this rise, including adoption by large corporations and the growing perception of Bitcoin as a “safe haven” in times of economic uncertainty.
Bukele’s prediction has been the subject of much debate since he made it public. Now, with Bitcoin reaching $71,000, some believe the $100,000 milestone might not be too far away. However, others warn of market volatility and suggest investors should proceed with caution.
El Salvador, under the Bukele administration, has become a pioneer in the adoption of Bitcoin, being the first country to make the cryptocurrency a legal currency. This movement has been closely watched by other countries.