The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency.
3 countries to adopt Bitcoin as legal offer in 2022, Devere CEO predicts
The CEO of Devere Group, an independent financial advisory and asset management firm, predicted earlier this week that three more countries would adopt bitcoin as legal tender in 2022.
His prediction is more bullish than the one made by El Salvador’s president one day prior. The Salvadoran president, Nayib Bukele, predicted that two more countries will adopt BTC as legal tender this year.
“I have no doubts that the young maverick president, Nayib Bukele, is correct that other countries will adopt Bitcoin as legal tender in 2022,” Green said, stressing:
But I would go further still. 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 suffered for a long time because their currencies are weak and extremely vulnerable to market changes and this is triggering runaway inflation,” he said.
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 “strengthen the financial inclusion of individuals and businesses” in developing countries. Devere’s boss concluded:
Due to their similar reliance on remittances, amongst other factors, other countries, including Panama, Guatemala and Honduras, could also adopt bitcoin.
