So, as many of you already know Consensus 2018 is just around the corner. This year it’s being held in New York, at the New York Hilton Midtown on May 14th-16th.
While looking at some of the speakers and sponsors a couple things stuck out to me. Some sponsors that stuck out:
Circle AKA Goldman Sachs
IBM
Microsoft
Some speakers that stuck out:
Amber Baldet - Blockchain Program Lead J.P. Morgan
Craig Fischer - Program Manager, Office of Financial Innovation and Transformation (FIT), Bureau of Fiscal Service U.S. Department of the Treasury
Brian Quintenz – Commissioner U.S. Commodity Futures Trading Commission
Bios: https://www.coindesk.com/events/consensus-2018/speakers/
One of the things I find absolutely fascinating about all of this is that you see a bigger move to the mainstream circles.
Circle, who is basically a Goldman Sachs company bought Poloniex for the $400 million dollars. It seems that some information about what Circles plans are have leaked out to the internet.
Given this information, we can see the direction is to get friendly with the SEC, in turn creating an environment that will make big money feel safer about investing in the crypto market. I see a large influx of hedge fund money and people just looking for a place to invest without worrying about the SEC shutting them down at any moment. The word is on the web that the SEC is looking at over 100 hedge funds that have crypto in them as we speak. I see this being a safe haven for some investors with some very very large pockets.
It seems the market may be reacting to all this FUD out there about ads getting pulled and a number of little things that shouldn’t really affect anything. My opinion is there is a little blood in the streets, and usually that means buy.