Crypto News
| Published On Feb 1, 2022 1:54 am CET  |  Updated on Dec 27, 2023 6:09 am CET | By Peter Siu

‘Bitcoin President’ Bukele Expects a “Gigantic Price Increase” for BTC

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The world’s one and only ‘Bitcoin President’ Nayib Bukele took to Twitter on Monday with yet another bullish Bitcoin (BTC) prediction.

Shortly after, the International Monetary Fund (IMF) had urged El Salvador to disable Bitcoin as legal tender in the country, Bukele told his followers on social media that Bitcoin is bound for a massive price increase. This due its limited supply of just 21 million coins.

Just prior to that he mocked the IMF by sharing an animated GIF from popular tv-series The Simpsons.

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El Salvador has become a regular “dip-buyer” with its latest purchase of 410BTC bringing the country’s total holdings to more than 1500BT.

According to Bukele, when the price of BTC is down, it’s the best time to stock up on the scarce crypto asset. He recently tweeted:

It is possible that Bukele holds a crystal ball, as he often resides to predictions. One of this predictions is that in 2022, at least two more countries will be making Bitcoin legal tender.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.