Bitcoin approached its 2022 price high on 28 March following a crypto market surge

After a meteoric rise throughout the month of March, BTC saw a slight correction ahead of the Bitcoin 2022 conference geting underway in Miami.

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

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

The crypto market calm could be about to come to an end, according to some analysts, who anticipate big moves from announcements coming out of Bitcoin 2022.

The Miami event is the same one that El Salvador President Nayib Bukele announced last year that his country would be adopting BTC as a legal form of tender.

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

After throwing cash into the crowd, it turns out Peter Thiel had a lot to say.

It was too long for one blog post so I wrote it all up here.

TLDR: Bitcoin will replace gold and eventually rival the value of the entire stock market with a 100X price rise. Oh, and Warren Buffett is apparently “enemy number “ and a “sociopathic grandpa”.

Peter Thiel, co-founder of PayPal, speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on 7 April, 2022 in Miami, Florida

Peter Thiel throwing out dollars

Peter Thiel starts by throwing a few hundred dollar bills into the crowd, which someone eagerly snaps up.

“I thought you guys were supposed to be bitcoin maximalists,” Thiel quips.

PayPal co-founder Peter Thiel delivers keynote

PayPal co-founder Peter Thiel is now coming to the main stage.

It opens with a video of him in 2009 talking about replacing physical dollars with digital dollars.

Bitcoin is #1 recurring buy asset on Robinhood app

Robinhood has just revealed that bitcoin is the number one asset that users have as a recurring buy on its app, ahead of Tesla and Apple shares.

Here’s a breakdown:

The trading app also announced that more than 2 million people who were on the waitlist can now send and receive bitcoin through the app.

The biggest news was saved until last, however, revealing that Lightning Network is coming to Robinhood. This will allow users to send and receive BTC instantly with virtually no fees and a much lower carbon footprint.

Bitcoin has ‘greenlight from US president’

More on Michael Saylor’s appearance on the main stage earlier: the MicroStrategy CEO commented on the White House’s recent Executive Order on cryptocurrency, saying it amounted to the US President “giving the green light to bitcoin”.

You can read all about his appearance here.

MicroStrategy CEO Michael Saylor told Bitcoin 2022 conference why he’s all in on the cryptocurrency

Michael Saylor explains why he’ll never sell bitcoin

Michael Saylor and Cathie Wood’s have left the stage, we’ll have much more on that very soon but his main message was “don’t sell your bitcoin”.

We’ve now got some interesting panellists to discuss bitcoin, including former US presidential candidate Andrew Yang and Pulitzer Prize winning journalist Glenn Greenwald.

Nation-state bitcoin adoption ‘spreading’

Islands, autonomous regions and potentially entire nation states are all turning to bitcoin, with President of Madeira in Portugal, a Mexican senator and the president of the island of Prospera in Honduras making announcements.

“I believe in the future and I believe in bitcoin,” said the president of Madeira, saying that people using bitcoin are not subject to personal income taxes.

Joel Bomgar, president of Prospera said bitcoin will be accepted as legal tender on the island, and Mexican senator Indira Kempis has a message for her president: “Bitcoin as legal tender in Mexico, now.”

She said:“67 million people aren’t involved in the traditional financial system. Bitcoin is the solution to this.”

Barstool Sports founder owns more than $1m bitcoin

Barstool Sports founder Dave Portnoy just revealed that after selling all his bitcoin a few years ago he reinvested more than $1 million in BTC last year and now holds 29 bitcoins.

He also revealed that some ill-advised investments in altcoins 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 cryptocurrency.

Billionaires say bitcoin will replace US dollar as global reserve asset

Some selected quotes from the aforementioned billionaires on the panel:

“We’re seeing bitcoin as the best way to maintain our wealth.”

“Bitcoin is going to become a global reserve asset.”

“Bitcoin represents a competitive system to those government owned monopolistic currency systems.”

“We’re going to be in the hands of the fed to figure out how to do it. If they overcorrect, we are going to move from inflation to recession very very fast.”

‘This is a bitcoin conference, not a shitcoin conference’

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

“This is a bitcoin conference, not a shitcoin conference,” Foss opens with, saying he will not tolerate chat from his panellists of any other cryptocurrencies.

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