There has been a lot of talk, even concern, about the costs of tickets to the CoinDesk`s Consensus conference, priced at around $2,000 with 8,500 attendees. Some are said to have paid $3,000 for last minute admission. Despite the high profile speakers at the event, some key crypto entrepreneurs cancelled because, according one, the admission prices were too high.
Also, we at Classiarius have a short message. Yes, we have seen the price of Bitcoin rally between 10% and 70% after this conference in the past four years but the drivers this year are different. During the conference Bitcoin price increased by 4 percent but note that there were Central Bankers and regulators attending. The regulators, a group that we put faith in, a lot of faith that is, are the ones who will eventually bring crypto into focus and more importantly, into the mainstream. These regulators from the CFTC and the SEC will deliver structure and much needed confidence to the system.
We are not giving buy and sell recommendations, but we do like Bitcoin and other key names as we think they will perform well in the coming months.
As part of that view, this 2018 year could be a turning point for the future of crypto and blockchain as new ideas and technologies are introduced while institutional investors prepare for investing. The fact that conservative investors are now showing interest could mean that Bitcoin rallies back to that $20,000 level of higher.
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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.