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Author Topic: Tom Lee Assumes Consensus 2018 Will Push Bitcoin Price to All-Time High  (Read 28 times)
mskumar
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May 11, 2018, 03:58:30 AM
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Fundstrat’s Tom Lee has come up with yet another hunky dory prediction for cryptocurrency investors ahead of this year’s Consensus conference, scheduled to kick off on May 14, 2018, in New York City. According to Lee, Consensus will spark a new life into the market, causing bitcoin prices to undergo a sharp rise like it did last year.

Record attendance Could Push Crypto Prices to New Highs
The Consensus conference is growing in popularity with every passing anniversary. This year, the event is expected to attract nearly 7,000 digital currency enthusiasts from around the world, up from 2,750 in Consensus 2017.

Lee couldn’t hold back his optimistic outlook fueled by this spike in expected turnout. He readily issued a note to his clients drawing their attention to how previous editions coincided with ten to 70 percent rise in bitcoin prices.

Not just that, he also underlined how Consensus is going to be bigger than ever this year, causing crypto prices to possibly rally even higher than what we saw in the previous three years.

“Already one of the largest crypto conferences in the world, 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,” wrote Tom Lee, as reported by Market Watch.
SOURCE:https://btcmanager.com/tom-lee-assumes-consensus-2018-will-push-bitcoin-price-to-all-time-high/
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May 11, 2018, 04:08:23 AM
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A private conference can't have that much immediate impact on the price of bitcoin UNLESS some of the key note talks and breakout sessions are broadcast globally via YouTube or wherever. Bitcoin is a global market, if you want to see significant growth expect to drive significant participation from this global market. That participation can't happen when the "profound discussions" happening at Consensus are only available to the privileged few who can afford to go.

I'm glad that this conference is allowing 2,000+ participants. Previous Bitcoin conferences controlled participation to only the precious connected few. And when bitcoin gatherings start resembling Bretton Woods or Bohemian Grove or Davos or some other gathering of the world's elite, we've got a problem.

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