Bitcoin news 2022 – live: Billionaires offer price predictions at the world’s biggest BTC conference

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<p>Bitcoin approached its highest price of 2022 on March 28 following a surge in the crypto market</p>
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Bitcoin approached its 2022 high on March 28 following a surge in the crypto market

(Getty Images)

After a meteoric rise throughout March, BTC experienced a mild correction ahead of the start of the Bitcoin 2022 conference in Miami.

The world’s most valuable cryptocurrency is enjoying a rare moment of stability, but could be boosted by any major positive news from the world’s largest bitcoin conference.

Other top cryptocurrencies including Ethereum (ETH), Binance Coin (BNB), and Ripple (XRP) have all mirrored bitcoin’s moves, but dogecoin has seen big gains in recent days.

The calm in the crypto market may be about to end, according to some analysts, who anticipate big moves following the announcements coming out of Bitcoin 2022.

The Miami event is the same one Salvadoran President Nayib Bukele announced last year that his country would adopt BTC as a legal form of tendering.

You can follow all the latest news and updates in our live blog below.

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Barstool Sports Founder Owns Over $1 Million in Bitcoin

Barstool Sports founder Dave Portnoy has just revealed that after selling all his bitcoins a few years ago, he reinvested over $1 million in BTC last year and now owns 29 bitcoins.

He also revealed that some ill-advised altcoin investments saw his non-bitcoin crypto portfolio plummet from $40,000 to just $2,000.

Portnoy says he is now “diamond hands” and has no plans to sell any of his cryptocurrencies.

Anthony CuthbertsonApril 7, 2022 3:53 p.m.

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Billionaires Say Bitcoin Will Replace US Dollar as Global Reserve Asset

Some selected quotes from the aforementioned billionaires on the panel:

“We see bitcoin as the best way to maintain our wealth.”

“Bitcoin will become a global reserve asset.”

“Bitcoin represents a competitive system against these government-owned monopoly monetary systems.”

“We are going to be in the hands of the Fed to figure out how to do it. If they overcorrect, we will go from inflation to recession very very quickly.

Anthony CuthbertsonApril 7, 2022 3:24 p.m.

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“This is a bitcoin conference, not a shitcoin conference”

Next up is the Billionaire Capital Allocators panel featuring Orlando Bravo, Dan Tapiero, Ricardo Salinas and Marcle Claure, moderated by Greg Foss.

“This is a bitcoin conference, not a shitcoin conference,” Foss begins, saying he won’t tolerate his panelists chatting about other cryptocurrencies.

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Anthony CuthbertsonApril 7, 2022 3:08 p.m.

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Aaron Rodgers is bullish on bitcoin

Aaron Rodgers says everything the crowd wants to hear. “The best defense against inflation is bitcoin,” he said to cheers from the crowd. He also encouraged people to “pile up a few sats”, although he admits he’s still learning as he goes.

“I only learned what this means after associating with you guys [Cash App],” he says.

Odell Beckham Jr. adds, “I’m still learning every day.”

Anthony CuthbertsonApril 7, 2022 2:43 p.m.

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Miles Suter welcomed sports stars to the stage.

These three have appeared in high-profile social media ads and promotions over the past few months to promote the bitcoin and crypto platforms, though this is the first time we’ll hear how much they actually understand. all of this.

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Anthony CuthbertsonApril 7, 2022 2:35 p.m.

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Cash App Announces Three New Bitcoin Products

On stage right now is Cash App’s Miles Suter, who has a few announcements to make before being joined by celebrities.

New features include one that allows users to automatically invest a percentage of their paycheck in bitcoin, as well as Lightning Network integration to allow people to receive cryptocurrency via the lightning-fast transaction protocol. .

He will soon be seated with NFL stars Odell Beckham Jr. and Aaron Rodgers, as well as tennis superstar Serena Williams.

Anthony CuthbertsonApril 7, 2022 2:27 p.m.

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After some brief issues with the live stream, the official first day of Bitcoin 2022 can be watched online.

There will be no Nayib Bukele after his withdrawal last night, but we will hear from Michael Saylor at 11am (4pm BST) and PayPal founder Peter Thiel at 1.30pm (6.30pm BST).

You can watch the main scene here:

Anthony CuthbertsonApril 7, 2022 2:18 p.m.

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“Never been so bullish on bitcoin”

Hours before its appearance at Bitcoin 2022, MicroStrategy CEO Michael Saylor tweeted that “never been so bullish on bitcoin.”

Posting a photo of the mechanical bull outside the Miami Conference Center, the tech boss is one of the most anticipated speakers at this year’s event. This comes just days after the notorious hodler announced another $190 million investment in BTC.

Anthony CuthbertsonApril 7, 2022 2:07 p.m.

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Facebook is working on “Zuck Bucks”

Away from Bitcoin 2022, there is news from Facebook parent company Meta that the social media giant is working on its own virtual currency again.

So-called “Zuck Bucks” are being developed as digital tokens for use in the metaverse, according to a report in the FinancialTimesbut it’s not the bold, global-reach motto that Facebook dreamed up for its now-defunct Project Diem.

Instead, it will be a centralized virtual currency similar to those found in video games like Fortnite. A spokesperson for Meta did not confirm the company but said The Independent“We’re focused on building for the metaverse and that includes what payments and financial services might look like.”

You can find out more here.

Anthony CuthbertsonApril 7, 2022 1:21 p.m.

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BTC Price So Far Does Not See 2022 Bitcoin Rise

There was a lot of talk among analysts ahead of Bitcoin 2022 that the conference could give the cryptocurrency price a boost and potentially even trigger the second leg of the recent rally.

Nearly 24 hours after the start of the world’s biggest bitcoin event, BTC is actually down 3%, while other top cryptocurrencies like Ethereum (ETH), Solana (SOL) and Cardano (ADA ) experienced similar losses of between 3 and 5% on the last day.

Despite the correction, the positivity surrounding the Miami event prompted some industry figures to renew their searing predictions for bitcoin. Marcus Sotiriou, an analyst at digital asset broker GlobalBlock, thinks indices of Russia and Australian mining companies could see oil and gasoline traded using bitcoin, making it a “petro- active” neutral.

He shared his thoughts with us:



Widespread adoption continues as Australian petrol and convenience giant OTR will accept bitcoin as a means of payment. OTR will be the largest brick-and-mortar retailer to accept bitcoin and other cryptocurrencies.

This adds more weight to the idea of ​​bitcoin becoming a petro-asset, after Putin recently allowed “friendly” countries to pay for oil in bitcoin.

Marcus Sotiriou, Global Block

Anthony CuthbertsonApril 7, 2022 12:35 p.m.

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