Bitcoin News Alerts | Daily BTC Macro Signal

Bitcoin to be announced as official legal tender in Honduras, one year after El Salvador adopted the king crypto, sources say.

While the move would mark the second sovereign state to adopt BTC, Honduran President Xiomara Castro is said to have commented, "we are still early."

"We must not allow El Salvador to be the only country escaping dollar hegemony," Castro is said to have said. "Honduras has the right to move toward the First World."

Castro will make an announcement on Monday morning by "putting on the lasers," one source said.

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On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called "Energy Cancelled," which describes the economics behind the ongoing Russia-Ukraine war and makes a bullish prediction of Bitcoin marching to 7-figures.

Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the "Petro Dollar / Euro Dollar monetary system" ended.

"For a single Bitcoin, my unit is in the millions. For an ounce of gold, my unit is in the thousands," he continued.

"That is the magnitude of fiat denominated price that will occur in the coming years as global trade is settled via neutral hard monetary instruments and not the debt-backed fiat currencies of the West."

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Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin could rally by over ten times over in a new Bloomberg interview.

Novogratz says the king crypto will range for the rest of this year but will hit a six-figure price in five years as adoption of the flagship cryptocurrency grows.

"The whole year I thought we would be at $30,000 – $50,000 range in Bitcoin, risk to the upside [and] not the downside. But I think five years out if Bitcoin's not at $500,000 I'm wrong on the adoption cycle."

The Galaxy Digital CEO says that in 2021, the adoption of BTC happened at a faster rate than internet technology did in the 1990s.

"We see an adoption cycle that accelerates. Bitcoin grew so much faster last year [and] crypto grew [more] than the internet did its best years in the 90s. I see this going viral everywhere. If it's in the Middle East or in you know pension funds in the United States all getting ready to participate."

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Macroeconomic guru Lyn Alden is laying out how Bitcoin can ultimately make its way onto the balance sheets of central banks of nation-states.

With countries around the world freezing and seizing assets from Russians while sanctioning the country's assets, Alden says it is demonstrating a solid use case for Bitcoin.

"And the bigger Bitcoin gets, the more widely held it is, the more liquidity there is, the more central banks can start looking at that as a viable mutual reserve asset because it kind of fixes two things for them...

One, they have an asset that can't be frozen by a unilateral third party, and two, they also can go around sanctions and they can have permissionless payments, and so that is something you'd think would become more attractive to countries around the world."

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A popular crypto strategist is outlining a path for a strong Bitcoin breakout en route to a fresh all-time high.

Pseudonymous crypto analyst Pentoshi tells his 526,300 Twitter followers that he sees a potential scenario where the king crypto continues to print bullish higher low setups and ignites a parabolic rally to $72,000.

A rally to Pentoshi's $72K target represents an upside potential of over 83% for the leading cryptocurrency (BTC).

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Cryptocurrency assets are growing at a far faster pace than the internet, according to macroeconomic expert Raoul Pal.

Pal is also detailing specific price targets for Bitcoin based on various rates of adoption moving forward.

"Assuming BTC remains one standard deviation below trend it gives a price target of $600,000. If it slows to two standard deviations below trend, then you get a number of around $300,000.

Maybe the regression trend should be taken from 2013 to avoid the very early spike. That gives slower growth and lower targets. That gives trend at $700,000, one standard deviation [above] at $350,000 and two standard deviations at $200,000."

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has made some gloomy predictions about the economy, Bitcoin and the future of crypto.

Besides warning that we are in the biggest bubble in world history, Kiyosaki has predicted that the government will seize all cryptocurrency.

"DO YOU HAVE a PLAN "B"? We are in BIGGEST BUBBLE in world history. Bubbles in stocks, real estate, commodities & oil. FUTURE? Possible DEPRESSION with HYPER-INFLATION. My PLAN B: be an entrepreneur, stay out of stock market, create own assets, use debt as $, save G,S, BC, guns.

BYE-BYE BITCOIN: Prediction. Biden to sign EXECUTIVE ORDER regulating Cryptos. NEXT: Fed Crypto. NEXT: all crypto currencies seized & folded into GOVERNMENT crypto. "Let's Go Brandon" you criminal. You commie."

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A long-dormant Bitcoin whale has emerged after more than a decade of inactivity, according to whale-tracking bot Whale Alert.

Some are speculating the possibility that they contain Satoshi coins, or BTC belonging to the pseudonymous founder of the flagship cryptocurrency, Satoshi Nakamoto.

Whale Alert finds that the address, which was last active in October 2010, recently moved 489 Bitcoin worth over $20 million at time of transfer.

The last time the inoperative address was functioning, Bitcoin was trading at a price of about $0.17. The top crypto asset by market cap has appreciated a staggering 23,150,500% during the time the address's period of inactivity.

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Bitbull Capital CEO Joe DiPasquale thinks Bitcoin is still on track to reach $100,000 within the next 24 months despite the bearish sentiment dominating the crypto markets since the start of the year.

"I think 2023 is a safe bet. We might need some time during 2022 to take a breath and to kind of let out some of the steam," DiPasquale said.

"We are reaching higher lows and even higher highs", he added, commenting on BTC's price movement in the last few months.

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United States Treasury Secretary Janet Yellen's comments on President Biden's long anticipated 'Crypto Executive Order' were accidentally posted a day early (now removed), but nonetheless captured and leaked regarding Bitcoin / digital assets calls for efforts to support innovation while addressing risk in the industry.

Yellen's statement said that the cryptocurrency executive order could "result in substantial benefits for the nation, consumers, and businesses."

In other breaking BTC news today: Credit Suisse with over $800 Billion in assets under management just said in a recent newsletter that a new world monetary order is coming and "after this war is over money will never be the same again… and Bitcoin will probably benefit from all of this."

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