Devere Group’s CEO has forecasted that bitcoin will be legal tender in three different countries this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency.
3 Countries Will Adopt Bitcoin as Legal Tender in 2022, Devere’s CEO Predicts
Devere Group’s CEO, an independent financial advisory firm and asset manager, has predicted that at least three additional countries would adopt Bitcoin as legal tender by 2022.
His prediction is more bullish than the one made by El Salvador’s president one day prior. Nayib Bukele from Salvador predicted that BTC would be legal in two other countries.
“I’m confident that the young, maverick President, Nayib Bukele, is correct about other countries adopting Bitcoin as legal tender in 2022,” Green said, emphasizing:
And I think it’s possible to go further. I believe possibly three more nations will follow El Salvador’s pioneering, future-focused lead into the digital age.
“This is because low-income countries have long suffered because their currencies are weak and extremely vulnerable to market changes and that triggers rampant inflation,” he opined.
The Devere CEO added: “By adopting cryptocurrency as legal tender these countries then immediately have a currency that isn’t influenced by market conditions within their own economy, nor directly from just one other country’s economy.”
Green further noted that cryptocurrencies could help “bolster financial inclusion for individuals and businesses” in developing countries. Devere’s boss said:
Other countries could consider adopting bitcoin because of the similar dependence they have on remittances.
What number of countries will you believe adopt Bitcoin as their legal tender in the next year? Comment below.
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