Consensus: Reason behind bitcoin price increase in May Every year

in #bitcoin6 years ago

blockchain consensus mechanism.png

Dear Friends,

I was about to explain why the bitcoin price is increasing in and around May every year from 2015.
From 2015, Consensus blockchain conference was being held in May 3rd or 4th week every year.
After this conference there is tremendous increase in price every year.

--In this conference there will be so many delegates where they will discuss the possibilities and development of the blockchain technology.
--Raise funds and invest those funds in good projects.
--Encourage startups to present their ongoing projects and invest funds in those projects for development.

Before going into the details of current conference lets have a look into the previous bitcoin price charts.

2015:
BTC Price May 2015.PNG

2016:
BTC Price May 2016.PNG

2017:
BTC Price May 2017.PNG

2017 attendence.PNG

2018:

This conference is being held from May 14 to May 16.
There were about 4000+ registered participants.
There were about 70+ countries participating in this conference.
Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.
There was about 202 sponsors for this event.

Attendance growth by year.PNG

So lets wait for the outcome of the consensus and what it brings for this year of blockchain industry.

Please follow, upvote and comment my posts for regular updates on cryptocurrencies.

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