Bitcoin to Become Legal Tender in Many Latin American Nations— Anthony Scaramucci
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“I think Bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador, but other countries.”
El Salvador became the first country in history to adopt Bitcoin as legal tender in September 2021. Recently, El Salvador President Nayib Bukele predicted that two more countries would make BTC legal tender in 2022.
Meanwhile, Devere Group CEO, Nigel Green, made a similar prediction in January, after he predicted that three countries would adopt BTC as legal tender this year.
Another prominent figure in the crypto community, Alex Hoeptner, Bitmex’s CEO, said last October that five other countries would begin accepting BTC as legal tender by the end of 2022.
Recently, the Skybridge founder reasserted his $100K BTC price prediction. Scaramucci also argued that the benchmark cryptocurrency could hit $500K in the long term. Also, the CEO expects over a billion wallets to hold BTC by the end of 2025 and for the number of BTC users to reach 2.5 to 5 billion in the next ten years. The Skybridge executive added:
“When it gets there, then I think as a mature asset, we could have a conversation about whether or not it operates as an inflation hedge.”
Key Bitcoin Levels to Watch — March 15
As predicted, BTC continues to hold firmly above the seven-week-long ascending trendline, foiling a recent attempt by bears to drive prices below the $38K level. Following this correction, the benchmark cryptocurrency immediately rebounded towards the $40K top. However, bulls do not have the necessary composure to charge for the ceiling.
That said, a clean break above the $41K pivot top should do the trick and give bulls a chance to retake the $46K critical resistance. In the meantime, BTC needs to steady itself above the trendline to improve its chances of breaking the $40K – $41K axis when the opportunity presents.
Meanwhile, my resistance levels are at $40,000, $41,000, and $42,000, and my key support levels are at $38,500, $37,500, and $36,000.
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Bitcoin Dominance: 42.6%
Market Rank: #1
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