Convert Bitcoin Banjiri New York, Millions of Ticket Sold

Conference bitcoin is still a big business, especially if bitcoin prices have fallen in 2018.
When bitcoin conferences begin this week, a ticket to a three-day conference of CoinDesk Consensus in New York City can cost about $ 2,000. More than 4,000 participants are expected to attend, the number is up from 2,700 participants last year. So at a minimum, the bitcoin conference is likely to generate $ 8 million.
More than 20 other events, some with the same high entrance fee, are also scheduled during the days around the Consensus. The bitcoin conference that started with 400 participants three years ago is now the centerpiece of the complete "Blockchain Week NYC", an event run in partnership with the New York Economic Development Corporation.

Last year's conference helped push the wave of attention on cryptocurrency.
Around May 2017 Consensus, Bitcoin jumped above the $ 2,000 level, and supported by the first TokenSummit and Ethereal Summit.
Prices then jumped for the rest of the year, dragging Wall Street and bitcoin past $ 10,000 for the first time after the November Consensus Invest conference. Since then, however, Bitcoin has lost more than half its value since hitting its highest level at $ 19,000 in December, but it remains more than 4 times above its price in May.
This year's lineup of speakers also reflects the significant breakthrough made by the cryptocurrency industry into 'mainstream.' Twitter co-founder Jack Dorsey, whose mobile payment company, Square, launched bitcoin trading this year, will speak at the Consensus on Wednesday (16/5). ). Other conference panellists range from government officials to novice leaders.

The consensus "does have a reputation, if you talk about it, you're on the map," said Michael Oved, co-founder of a sign exchange called AirSwap, and a blockchain conference organizer called Fluidity, which took place on Thursday.
He said he deliberately lowered his conference ticket prices - tickets ranging from $ 150 to $ 250 - because he saw it as "an opportunity for us to talk about the things we've done." Around 700 people attended the Brooklyn show, said Oved . That will bring ticket sales to about $ 140,000.
However, not everyone in the cryptocurrency world is happy with the big conference industry.
Ethereum co-founder Vitalik Buterin on April 26 mentweet that he boycotted Consensus this year in part due to high ticket prices.
"The conference cost $ 2,000 - $ 3,000 to attend. I refuse to personally contribute, "said Buterin. He added that CoinDesk "is frivolously involved in enabling fraud," and called their coverage of the "very sensational" separation of ethereum.

In a statement, CoinDesk responded that "disappointed to find out today's Vitalik tweets about CoinDesk's reporting error, we're sorry. One of our reporters includes unverified links in the article; we quickly identify the error and fix it. We strive to maintain the highest level of unbiased and ethical journalism to provide the best coverage of the blockchain industry. "
Amber Baldet, former head of blockchain at J.P. Morgan, also criticized the increasingly expensive event of cryptocurrency.
"The irony of the high price conference is that they are most likely to pay speakers in the community, who care most & need a platform to share new jobs," he tweeted on April 28. "The company's cost account subsidizes people who rarely say something new, 'celeb keynote' extracts high costs. "