As per the CEO of financial advisory and asset management firm Devere Group, three countries will accept bitcoin as legal tender this year. He is more optimistic than El Salvador’s president, who projected that two nations will adopt bitcoin as their new currency.
Devere’s CEO foretells that three countries will accept Bitcoin as legal currency in 2022.
Early this week, the CEO of Devere Group, a free financial consulting and asset management organisation, forecasted that three more nations will accept bitcoin as legal cash in 2022.
His prognosis is more optimistic than El Salvador’s president’s forecast from the day before. Nayib Bukele, the president of El Salvador, projected that two more nations will embrace Bitcoin as legal cash this year.
Green stated that maverick President, Nayib Bukele, is accurate about other nations accepting Bitcoin as legal cash in 2022. He expects that three additional states will follow El Salvador’s trailblazing, forward-thinking strategy into the digital realm.
He believes that low-income nations have long struggled because their finances are weak and particularly sensitive to market fluctuations, which leads to runaway inflation.
“By using bitcoin as the main currency, these countries suddenly have money that isn’t influenced by market conditions within their own GDP, nor just by the business of another country,” said the Devere CEO.
Green also stated that cryptocurrency might improve financial access for individuals and companies in underdeveloped nations.
Devere’s CEO concluded that other nations, like Guatemala, Panama, and Honduras, may possibly embrace bitcoin due to their comparable reliance with other things.
