Bitcoin News Today: El Salvador's Bukele Predicts Gigantic Bitcoin Price Surge Amid Growing Global Demand

El Salvador’s President Nayib Bukele has once again signaled strong confidence in Bitcoin’s future, predicting a "gigantic Bitcoin price increase is just a matter of time" [1]. His comments, made amid ongoing global interest in digital assets and recent market volatility, underscore his long-standing advocacy for Bitcoin as both a financial tool and economic strategy [1]. Bukele has consistently positioned Bitcoin as a cornerstone of El Salvador’s economic transformation since the country adopted the cryptocurrency as legal tender in 2021 [1].

Bukele’s optimism is grounded in the fundamentals of supply and demand. He highlighted that Bitcoin’s supply is limited to 21 million coins, and as more institutions and governments show interest, the available supply is likely to shrink. This dynamic, especially when combined with the upcoming Bitcoin halving — an event that historically has preceded price surges — could drive significant gains in Bitcoin’s value [1]. Additionally, Bukele noted that an increasing number of countries are adopting Bitcoin-friendly policies, which could further boost global demand and, by extension, price [1].

El Salvador’s continued accumulation of Bitcoin reserves reflects the government’s long-term strategy. The country has been steadily adding BTC to its national reserves and using the cryptocurrency for public projects, investment, and tourism initiatives [1]. The “Bitcoin Beach” project, in particular, has gained international attention as a model of how a local economy can function on a Bitcoin-based system [1].

While Bukele’s vision remains ambitious, it has not been without criticism from some economists. Nevertheless, his steadfast support for Bitcoin has sparked broader global conversations about the role of digital assets in the future of money [1]. With growing institutional and governmental interest, the question remains whether Bukele’s prediction will materialize and how El Salvador’s bold experiment will influence the global crypto landscape.

Source: [1] Bukele Predicts Huge Bitcoin Price Surge Soon (https://coinmarketcap.com/community/articles/68978dbc0521dc6411ad5dc9/)