Will a second nation undertake Bitcoin as authorized tender in 2022? 

Welcome to Forkast Forecasts 2022. On this sequence, leaders, innovators and visionaries in blockchain-related fields inform Forkast.Information their predictions for the yr forward.

Anita Posch

Anita Posch is a Bitcoin educator and creator of (L)earn Bitcoin: Change into Financially Sovryn. Posch can be the host of podcast sequence The Anita Posch Present, the place she paperwork Bitcoin developments with thought leaders and consultants from the Bitcoin group. She is the previous president of Digital Asset Affiliation Austria, and is a board member at Bitcoin Austria Affiliation. 

High pattern for 2021:

Bitcoin layer-2 protocol Lightning community strikes it huge

“The Lightning Community capability has elevated exponentially within the final yr. Now, there are about 3,000 Bitcoin within the Lightning Community, which implies the liquidity of Bitcoin has elevated quite a bit as a result of the Lightning Community permits small and quick transactions for actually virtually no price. This is essential for rising nations like El Salvador, as an illustration, or nations in Africa or different Latin American nations as a result of individuals don’t have excessive revenue. And so, they’ll solely principally use the Lightning Community as a result of Bitcoin on the blockchain itself typically has increased transaction charges.”

Predictions for 2022

#PayMeInBitcoin

“There are already many instruments for content material creators now to have the ability to earn Bitcoin over Lightning. We are going to see an enormous variety of new income fashions and potentialities for content material creators on the web, which are also open for individuals globally. So this implies I foresee the chance for individuals in Africa or Latin America, Asia to change into, principally, on-line staff and earn Bitcoin immediately.”

Bitcoin as authorized tender

“Possibly Panama, Ecuador — all of them have the U.S. greenback — they may begin adopting Bitcoin as impartial cash for their very own sovereignty. So with Bitcoin, not solely people such as you and me can acquire extra self-sovereignty, additionally nation states can acquire extra self sovereignty, and that’s what El Salvador is making an attempt to do for the time being.”

Inflation powers Bitcoin adoption

“All people is telling us, ‘Oh, inflation is transitory.’ And out of the blue they should say, ‘No, it’s not transitory. It’ll develop and we’ll have to do one thing in opposition to it.’… I worry that we’ll see increased inflation. However however, individuals find out about this now and perhaps select Bitcoin as a result of there can by no means be money-supply inflation in Bitcoin.”

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