Devere Group CEO Predicts 3 Countries Will Adopt Bitcoin as Legal Tender This Year

The CEO of monetary advisory and asset administration agency Devere Group has predicted that three international locations will undertake bitcoin as authorized tender this yr. He is extra bullish than El Salvador’s president who predicted that two international locations will make bitcoin their nationwide foreign money.

3 Countries Will Adopt Bitcoin as Legal Tender in 2022, Devere’s CEO Predicts

The CEO of Devere Group, an impartial monetary advisory and asset administration agency, predicted earlier this week that three extra international locations will undertake bitcoin as authorized tender in 2022.

His prediction is extra bullish than the one made by El Salvador’s president at some point prior. The Salvadoran president, Nayib Bukele, predicted that two more countries will undertake BTC as authorized tender this yr.

“I’m assured that the younger, maverick President, Nayib Bukele, is appropriate about different international locations adopting Bitcoin as authorized tender in 2022,” Green stated, emphasizing:

But I’d go additional nonetheless. I imagine probably three extra nations will comply with El Salvador’s pioneering, future-focused lead into the digital age.

“This is as a result of low-income international locations have lengthy suffered as a result of their currencies are weak and intensely susceptible to market adjustments and that triggers rampant inflation,” he opined.

The Devere CEO added: “By adopting cryptocurrency as authorized tender these international locations then instantly have a foreign money that isn’t influenced by market circumstances inside their very own economic system, nor immediately from only one different nation’s economic system.”

Green additional famous that cryptocurrencies may assist “bolster monetary inclusion for people and companies” in growing international locations. The Devere boss concluded:

Due to their comparable reliance on remittances, amongst different elements, different international locations, together with Panama, Guatemala and Honduras, may additionally undertake bitcoin.

How many international locations do you suppose will undertake bitcoin as authorized tender this yr? Let us know within the feedback part beneath.