DeVere's Green: Bitcoin to become legal tender in three more countries this year

Panama, Paraguay and Guatemala

Lauren Mason
clock • 2 min read
DeVere's Nigel Green
Image:

DeVere's Nigel Green

Three more countries are likely to take El Salvador’s lead and make bitcoin legal tender in 2022, according to deVere’s group CEO Nigel Green, who said a dependence on the US dollar across developing countries leaves them “vulnerable” to currency fluctuations.

His prediction comes following a comment made by El Salvador's president Nayib Bukele, who told the press over the weekend that two more countries are likely to adopt bitcoin as legal tender, and that the crypto asset will reach $100,000 this year. El Salvador made headlines last September after becoming the first country to formally introduce bitcoin as legal tender. Green, who has long been an advocate of the use of bitcoin, said: "I have every confidence that President Bukele is bang on about other countries adopting bitcoin as legal tender in 2022. Yet I think things will advance ...

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