El Salvador President Bukele Makes Bold Predictions for Bitcoin in 2022

El Salvador President Bukele Makes Bold Predictions for Bitcoin in 2022

The El Salvadorian President Nayib Bukele, who made history last year by regularising bitcoin as legal tender in the country has some bold predictions for bitcoin and crypto in 2022.

Will BTC Exit Consolidation Soon?

Bitcoin has ranged between $52,000 and $45,500 since the last bitcoin-market analysis sent out on Dec. 13.

Bitcoin Balance on Exchanges Recovers slightly

Meanwhile, the bitcoin balance on exchanges has recovered slightly, though the uptick of funds onto exchanges hasn’t changed the overall trend direction.

aSOPR Reaches a Pivotal Level

At the same time, Bitcoin’s aSOPR (adjusted Spent Output Profit Ratio), which provides insight into market sentiment, profitability and losses over time is at a historically pivotal level.

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Chris on Crypto

Chris on Crypto

Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats.