According to Coindesk, over 7,500 people have now registered for the Consensus 2018 conference.
(Source:
)https://twitter.com/coindesk/status/994659589638492160
- coindesk
Last year the conference had an estimated 2,750 people.
Which means, this year is already expected to have roughly 3X the turnout that it had last year.
Keep in mind that this number doesn't even include the people who decide to just show up and pay the full ticket price at the door.
The conference is scheduled to start this Monday and go through Wednesday (May14-16th).
Why is this a big deal?
According to Tom Lee of Fundstrat Global Advisors, there is some major correlation between the Consensus conference and a boost in crypto prices.
Both initially leading up into the conference, and then also in the weeks following the conference.
This year the effect is projected to be at least as good as previous years given the big turnout for the conference.
(Source:
)https://twitter.com/fundstrat/status/993928352141664259
- fundstrat
What does a "much larger impact in 2018" mean in terms of gains?
Lee says that 3X the attendance means 3X the impact...
I'm not sure about that, but take a look at this chart and I'll let you be the judge of what might be in store:
If the trend and Lee's thoughts were even remotely close to accurate, we could be in store for a major rally over the next couple weeks.
More about what this potentially could mean and the possible effects of that can be seen here:
Oh and one more thing...
Check out what bitcoin/crypto "usually" does this time of year:
(Source: https://goldstockbull.com/articles/bitcoin-seasonality-chart/)
As you can see, May and June have been the 3rd and 4th best months for bitcoin over the last 3 years.
There is no guarantee that history repeats, but the fact that crypto is down significantly year to date as well as the huge turnout for the Consensus conference could be indicators that we are in store for a very good next couple of weeks.
Stay informed my friends.
