Bitcoin News Alerts | Daily BTC Macro Signal

Retail giant Walmart submitted a total of seven patent filings, signaling plans to create its own digital currency and NFT collection.

The multinational retailer filed several new trademarks with the United States Patent and Trademark Office on Dec. 30, however, they remained unnoticed until a Sunday report by CNBC shed more light on Walmart's ambitions.

Walmart filed a total of seven patent applications at the time, including three under its existing advertising division "Walmart Connect."

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Bitcoin has risen 1,747% since the infamous BTC sign guy photobombed US FED chairman Janet Yellen in July 2017 on live television and Bitcoin is now up 5,145% (over 50X) against the U.S. dollar in the last 5 years.

Real Vision CEO Raoul Pal says that five altcoins besides Ethereum will perform well this year as he expects layer-1 altcoins and interoperable blockchains to shine.

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In a recent interview with Stansberry Research, Bitcoin Maximalist Max Keiser predicts that a G7 country mining BTC will kickstart a new hashrate war, which he compares to the space race between the United States and the Soviet Union that kicked off when the latter launched the Sputnik 1 satellite into earth orbit in 1957:

"I think once a country in the G7 starts to accumulate and mine Bitcoin, it will set off like a space race."

Keiser says that such a scenario is a "one hundred percent guaranteed certainty."

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Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city's treasury into Bitcoin. Paes reportedly announced plans for "Crypto Rio," or turning the city into a cryptocurrency hub during Rio Innovation Week on Thursday, according to a report by local news agency O Globo. "We are going to launch Crypto Rio and invest 1% of the treasury in cryptocurrency. The government has a role to play," Paes reportedly said, adding that the state is also planning to introduce tax exemptions for the industry.

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The CEO of Switzerland-based financial institution SEBA Bank shared his predictions for Bitcoin in 2022. A boon for BTC bulls, Guido Buehler was optimistic about institutional adoption and a price increase to $75,000 per coin. "We believe the price is going up. Our internal valuation models put the price per BTC right now of between 50,000 to 75,000," says Guido Buehler, CEO of Seba Bank.

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New data shows that Bitcoin miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. "Miners are accumulating BTC at the fastest rate since May 2021!" 💥🚀

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Legendary billionaire investor Bill Miller is bullish on Bitcoin despite the cryptocurrency touching multi-month lows below $40,000 in early January 2022. Miller no longer considers himself just a "Bitcoin observer" but rather a real BTC bull and now holds 50% of his net worth in Bitcoin.

"I think the average investor should ask himself or herself what do you have in your portfolio that has that kind of track record - number one; is very, very underpenetrated; can provide a service of insurance against financial catastrophe that no one else can provide; and can go up ten times or fifty times. The answer is: nothing."

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Macro guru and Real Vision chief executive Raoul Pal is looking at the historical price action of e-commerce titan Amazon and comparing it to the performance of Bitcoin (BTC) since 2013. According to the macro guru, if Bitcoin is to follow Amazon's price action in 2010, it is possible for the leading cryptocurrency to revisit crucial support at $30,000. Pal also adds that based on Metcalfe's Law, Bitcoin's value should be hovering around $100,000, suggesting that BTC is tremendously undervalued at its current price.

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Bitcoin formed a 'Death Cross' trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further BTC price losses.

In detail, Bitcoin's 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called "death cross." The pattern appeared as BTC underwent a rough ride in the previous two months, falling over 40% from its record high of $69,000.

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A popular crypto analyst argues that the Bitcoin bottom might be anywhere between current rates and $37.5K, while maintaining that $100K BTC targets are still on the table.

"I think BTC bottoms anywhere between now and $37.5k and gives us a similar structure to what we saw in 2019 just on a larger timescale, with a run to 100k still on the table for 2022 in my opinion."

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