‘Big Surprises’ – Bitcoin could set for one of the biggest weeks ever at Ethereum, BNB, XRP, Cardano, Solana and Luna Swing

Bitcoin and cryptocurrency prices have had an inauspicious start to 2022 after retreating from all-time highs last year.

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Bitcoin price appeared poised to break above $50,000 per bitcoin for the first time since December of this month as investors cheered a wave of good news, however, its price once again fell towards $45,000. Ethereum has also suffered – even as traders prepare for a massive upgrade – with the likes of BNB, XRP, cardano and solana also heading lower. The payment symbol Luna has veered trend.

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Now, with the Bitcoin community dropping to Miami this week for the Bitcoin 2022 conference and one high-profile developer raising “big surprises,” the cryptocurrency market could be in for a change.

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“If only they knew the scale of what would happen,” posted Samson Maw, a former chief strategy officer at Bitcoin infrastructure firm Blockstream, who left the company last month to focus on “adopting the nation-state currency.” Twitter In response to an article warning that “Bitcoin gambling in El Salvador is collapsing.”

Mao added that El Salvador President Nep Bukele, Jack Mallers, CEO of El Salvador’s Bitcoin payments partner Strike, and bitcoin writer Allen Farrington “are all trying to outdo each other to make big surprises” at the Bitcoin 2022 conference that kicks off Wednesday and runs through Saturday .

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El Salvador last week postponed its controversial $1 billion bitcoin-backed bond, with billionaire Michael Saylor, speaking at the event, warning that the market may not be “quite ready” for bitcoin bonds.

Bukele will also be speaking at the conference next week, where the event attracts notable names such as PayPal co-founder, tech investor Peter Thiel and psychologist Jordon Peterson. Last year, Peterson started showing interest in bitcoin and doing interviews Bitcoin Standard The author Seif El-Din Amous.

Odell Beckham Jr., an NFL player who made headlines when he said he would take a portion of his salary in bitcoin and become an outspoken ambassador for cryptocurrency, and Yunmi Park, a North Korean dissident and human rights activist, are also speaking at the Miami Bitcoin Conference.

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Last year, the Miami bitcoin conference was hailed as the biggest bitcoin event in the world with the massive explosion in bitcoin prices just months ago sparking unprecedented interest in the cryptocurrency.

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The price of Bitcoin outstripped all previous times in late 2020, rising to $60,000 shortly after the conference at which Bukele announced a bill to legal tender for Bitcoin in El Salvador and Jack Dorsey, then-CEO of Twitter, told attendees at The conference stated that “If I wasn’t on Square or Twitter, I would work on Bitcoin.” Just a few months later, Dorsey quit Twitter and Square has since turned into a bitcoin-focused company, renaming it Block.

Earlier this year, Mow ranked Mexico “on the list” of countries that can track El Salvador in bitcoin. “I work with people from a number of countries and it is still too early to say for sure but some form of Bitcoin adoption will be inevitable,” Mao said at the time.

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In January, Wall Street giant Fidelity predicted that other countries and even the central bank would follow El Salvador’s lead in bitcoin this year — saying that those who buy bitcoin while the price is low “will be better off competitively than their peers.”

“There is a high-stakes game theory at play here that if bitcoin adoption increases, countries that secure some bitcoin today would be better off competitively than their peers,” Fidelity analysts Chris Kuiper and Jack Neureuter wrote in a note. We wouldn’t be surprised to see other sovereign nation states acquire bitcoin in 2022 and maybe even see a central bank make an acquisition.”

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