Consensus 2018, the biggest conference in blockchain and cryptocurrency matters in the whole world is happening next week, as the culmination of the called “Blockchain Week”, in which most of the important blockchain companies have gathered in New York to promote their products and express their opinion about crypto and blockchain.
The Coindesk Consensus Conference is the world’s most important gathering of cryptocurrency and blockchain tech executives and developers of the whole world. Last year only, they had more than 200 highly rated speakers and more than 2000 people attended the conference. This year, more than 250 speakers and 4000 attendees are expected to assist.
But what creates more expectancy than the conference itself is the effect that this conference may have over cryptocurrency prices. Brian Kelly, founder and CEO of BKCM LLC, an important cryptocurrency investment firm, declared that the buzz that will be generated from this conference will help prices to rise. And last year, this prophecy was fulfilled.
According to numbers coming from Fundstrat, an important investment consulting company, in the last years the conference has spurred a significant growth in cryptocurrency market prices. Just last year, during the conference, bitcoin had a rise of 69% of its price, and altcoins (the other cryptocurrencies different than bitcoin) also had a rise of 176%. But the effect was more significant after the conference ended: bitcoin experienced gains of 176%, and altcoins went even higher, averaging a growth of more than 550%.
Tom Lee himself, co-founder of Fundstrat has been very vocal about the expected positive increase of prices that this event will cause. He stated that:
“ATTENDANCE THIS YEAR IS UP DRAMATICALLY AND COMING AT A TIME WHEN BITCOIN/CRYPTO IS DOWN YTD. HENCE, WE EXPECT THE CONSENSUS RALLY TO BE EVEN LARGER THAN PAST YEARS.”
The Consensus Conference 2018 will be held between May 14 and May 16 at the New York Hilton Midtown Motel.