Specifically, Bitcoin opened at $ 8,234, the highest intraday price was $ 8,366, the lowest price was $ 8,172, the market capitalization was $ 142 billion and the supply was $ 17,044,400. Bitcoin in general and virtual currency in particular are experiencing a shabby week. Bitcoin prices in particular and other currencies in general have not been very active in recent weeks despite the fact that the biggest digital money community has taken place. The Consensus 2018 is expected to be the lever to bring virtual currency back, but it seems that the event has "failed miserably," according to Forbes.
In theory, by attracting thousands of people, many newcomers will pull new players into the market and push higher prices. But Forbes says it looks like the consensus is happening as a way. Praise the achievement and declare victory.
Bitcoin still has no signs of recovery.
CoinShares chairman Danny Masters said Bitcoin's recent downturn was not worrisome and that the currency could even return to levels earlier this year. Presented at the Consensus 2018, he described this as "an interesting week" with the formation of one of the new financial models.
CoinShares Chairman Danny Masters also said that the situation was not as bad after Bitcoin's recent decline, even though it was able to fly back to its previous highs in early 2018.
Leading strategist Tom Lee is still very confident in Bitcoin. "After the Consensus 2018, our belief in virtual money is reinforced," he said in a statement after the conference.
He cited the optimistic views of investors around the world about the prospects for increased demand and the early completion of the legal framework to officially put virtual currency into a kind of asset.
The reaction of the market last week with a big event like Blockchain Week has shown that the demand for virtual currency seems to be about to "saturate" - most people who want to buy are already involved. While optimists point to the large demand from companies and professional money management funds, virtual currency regulations in the United States and other countries have not been able to grow in the direction of attracting corporate investors. officials. Wall Street experts have dismissed the argument that Bitcoin is a "speculative bubble", while investment legend Warren Buffett compares it to "squared medicine."
"The failure of this week's virtual currency may be the result of unmet expectations around the Consensus 2018," said Sunny Lu, chief executive officer of VeChain Tech, and one of the performers. conference author said.