CONFERENCE IN NEWYORK
A large conference will be hosted in NewYork on the 14th to 16th of this month, it will be a consensus conference organized by coindesk, focusing on cryptocurrency and blockchain technology, this conference is said to be the largest conference of its kind.
In recent years there has always been a noticable increase in the price of Bitcoin during and after the conference.
About 2,750 individuals were present during last year conference, suprisingly there has been over 7,000 people this year.
The co-founder of Fundstrat Glo Thomas Lee,and former Chief Equity Strategist at J.P. Morgan,
are very optimistic about this year increase in bitcoin, due to the fact of the tremendous increase
in the number of participants, which depicts a great interest of the public.
At the conference, many companies will present their new products, which should further boost the price of individual crypto currencies.
However, whether it actually can become 70% as Thomas Lee predicts remains questionable.
After all, the market environment is currently very favorable, because not only Goldmann Sachs
has announced that it will enter the Bitcoin trade, but also the parent company of the New York Stock Exchange will soon offer a platform for bitcoin trading.
lastly, it should not be forgotten that analysts with very positive or negative forecasts can also make a lot of press for themselves.
The incentive is therefore very high to make extreme predictions. On the other hand,
Thomas Lee was right that in mid-April, the first bottomed out and then it goes up again.