I’ve been to over 100 investment conferences throughout my career.
But a few weeks ago, I attended the largest one of the bunch: Bitcoin 2022.
The event was held at the Miami Beach Convention Center, and hosted upwards of 25,000 attendees, 450 speakers, 400 sponsors, and 3,000 companies.
The event was justly touted as the “largest financial conference in history.”
Here’s a photo I took on “Industry Day,” the day before the event officially kicked off (and before the crowds arrived)…
Now, I’ve attended some major investment conferences over the years… such as Schwab Impact, the Morningstar Investment Conference, and Inside ETFs.
But unlike those, Bitcoin 2022 didn’t come with suits, textbook-like presentations, and institutional speak.
Instead, many attendees wore t-shirts, shorts, and flip-flops. There weren’t many slide decks or formal presentations. (Although, the option was available.) And f-bombs flowed freely on stage.
I mean this with no disrespect to traditional investment conferences…
But it was refreshing.
There were more smiles, excitement, and energy than at any conference I’ve been to in the past.
Bitcoin 2022 Highlights
I made it to 40-plus sessions during my three days at Bitcoin 2022.
Some recognizable speakers included a wide variety of bitcoin investors and supporters.
Pro athletes Serena Williams, Aaron Rodgers, Odell Beckham Jr., and Francis Ngannou were panelists…
And luminaries Peter Thiel, Ricardo Salinas, Cathie Wood, Michael Saylor, Kevin O’Leary, and Senator Cynthia Lummis (R-WY) gave keynotes.
Plus, dozens more brilliant people – scattered across five total stages – talked bitcoin.
There’s not enough space to cover all of them in today’s e-letter, so here are my top takeaways from five key sessions:
Jack Mallers, CEO of Strike, gave a history lesson on how payment processing hadn’t changed since 1949.
He announced that Strike partnered with Shopify, Blackhawk, and NCR to enable large processors to enable bitcoin payments – over Lightning, bitcoin’s “off-blockchain” network – at many stores.
The integration will allow merchants like McDonald’s, Walmart, Home Depot (and many more) to eliminate middlemen and process crypto transactions faster and cheaper.
(Additionally, Cash App, Bitpay, Kraken, and Robinhood also announced integrations with the Lightning Network.)
Samson Mow, whose focus is nation-state adoption of bitcoin, made three announcements about international crypto adoption with corresponding government officials.
In Próspera, a zone on the island of Roatán in Honduras, bitcoin now operates as legal tender.
Madeira, an autonomous region of Portugal, offers no capital gains tax on bitcoin.
And a senator in Mexico will be submitting a bill to make bitcoin legal tender in the country. She extended an invite to Mow to meet with the president of Mexico immediately.
Ricardo Salinas, Mexico’s third-wealthiest individual, warned of “fiat fraud.”
He spoke of his family’s experience of living through hyperinflation… About how his father’s business went broke as the Mexican government devalued the Peso.
He also cautioned the audience about other countries, including the U.S., going down a similar path.
Salinas said a whopping 60% of his portfolio is in bitcoin and bitcoin equities. (For context, his reported net worth is $12.4 billion.)
Kevin O’Leary, VC investor, and Shark Tank’s “Mr. Wonderful,” urged regulatory clarity is needed. And when it comes, he said, “the spigots of capital are going to flood into [crypto] like you’ve never seen.”
He predicted: “In the next 10 years, bitcoin, crypto, blockchain, and all of this innovation will be the 12th sector of the S&P 500.”
He also said that bitcoin mining would be good for the earth. That’s because the next generation of miners are starting to work with energy that doesn’t require carbon: Sources like hydroelectricity, nuclear, wind, and solar.
MicroStrategy’s Michael Saylor interviewed Ark Invest’s Cathie Wood in a session titled “The Future is Bright.”
Wood sees the politics around bitcoin changing rapidly. Politicians are reaching out to her to learn what “bitcoiners” like her want from them.
She said, “bitcoin is the first… global… private… digital… rules-based… monetary system in the history of the world. It’s a very big idea.”
Her firm’s 2030 price target for bitcoin is more than $1 million… and that’s based on just 2.5% of institutional assets being allocated to bitcoin.
Saylor added he’s more bullish than ever on bitcoin. Especially due to President Joe Biden’s executive order giving the green light to embrace a new asset class.
Those are just a few highlights, so if you want to check out sessions from the conference, Bitcoin Magazine and YouTube have you covered.
As you can tell, a lot of the buzz boiled down to bitcoin adoption growth… which is good news for investors.
The future looks extremely bright for crypto and bitcoin adoption… and it’d be a big mistake to ignore this trend.
But before you make any additional crypto moves, you need to hear an important warning from Daily editor Teeka Tiwari…
A Crypto Panic Is Coming…
An event is coming that will shock the crypto ecosystem. And Teeka believes it will trigger an historic “crypto panic.”
This catalyst is on pace to become the biggest crypto event of the decade… And it’s guaranteed to happen. No matter what.
That’s why Teeka is holding a special briefing TOMORROW at 8 p.m. ET to help readers prepare.
During this briefing, Teeka will share his playbook for taking advantage of the coming panic… giving you a chance to secure a lifetime of wealth and income when it hits.
In his words, “this investment could fund your lifestyle… your children’s lifestyle… and their children’s lifestyle.”
Click here to reserve your spot at Teeka’s big event tomorrow at 8 p.m. ET.
You’ll learn all about this catalyst… including details that are being completely ignored by mainstream finance.
If Bitcoin 2022 is any indication, our PBRG crypto adoption thesis is stronger than ever, and we could very well see $500,000 BTC in the next five years.
But until then, we need to be ready for whatever the market throws at us…
So join Teeka for free tomorrow at 8 p.m. ET to learn how to position yourself for a shot at generational wealth.
Analyst, Palm Beach Daily
P.S. As a bonus for attending tomorrow night’s event, you’ll get the name of Teeka’s top crypto to play the coming panic… absolutely free.
Teeka’s free picks have an average gain of more than 1,500%… so joining him could give you a shot at 16x your money. Click here to learn more.