Bitmex CEO Predicts 5 Countries to Accept Bitcoin as a Legal Tender by the end of 2021
<p>Alex Hoeptner, the CEO of Bitmex, believes at least 5 developing countries will have accepted bitcoin by the end of 2021 as legal tender following El Salvador, which has become the first country to make bitcoin a legal tender. </p>
<p>Hoeptner mentioned three key factors pushing developing countries to accept bitcoin as a legal tender:</p>
<p>(1)	Remittances. Ex. They constituted 23% of El Salvador’s GDP in 2020.</p>
<p>(2)	Inflation. IMF predicts a 5.4% inflation rate for developing countries for 2021.</p>
<p>(3)	Politics. Many politicians want to position themselves as progressive and new-age thinkers.</p>

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