Experts predict that three more countries will make Bitcoin legal tender this year

<p>El Salvador took the plunge in September. According to one expert, three other countries could do the same in 2022.</p> <p>El Salvador made history by making Bitcoin (BTC) legal tender within its borders in 2021.</p> <p>Its authoritarian president, Nayib Bukele, tweeted this week that he expects two more countries to follow suit in 2022.</p> <p>However, he is not the only one who believes this, with finance expert deVere Group chief Nigel Green agreeing with the eccentric Central American leader.</p> <p>"I'd go even further than he did," Green said.</p> <p>"I believe that three more countries will likely follow El Salvador's pioneering, future-focused lead into the digital age."</p> <p>Bitcoin has the potential to replace the US dollar as a stable currency.</p> <p>For decades, citizens in developing countries have used the US dollar as a stable currency, as opposed to local fiat, which can change dramatically in value overnight.</p> <p>However, Green pointed out that this practise can have unintended consequences.</p> <p>"Reliance on another country's currency also brings its own set of, often very costly, problems," he explained.</p> <p>"A stronger US dollar, for example, will weigh on emerging-market economic prospects, given that developing countries have accumulated so much dollar-denominated debt in recent decades."</p> <p>It's no surprise that low-income countries would consider adopting Bitcoin as a limited-supply international currency.</p> <p>"By adopting cryptocurrency as legal tender, these countries instantly have a currency that isn't influenced by market conditions within their own economy, nor directly by the economy of just one other country," Green explained.</p> <p>"Because Bitcoin operates on a global scale, it is influenced by broader, global economic changes."</p> <p>Which countries are likely to make the leap in 2022?</p> <p>Green named several candidates who could help Bitcoin achieve legal tender status in the coming months.</p> <p>They are all in El Salvador's neighbour