Can the Consensus 2018 affect the bitcoin exchange rate?

From 14 to 16 may, the Hilton hotel in new York will host one of the largest crypto-events – the Consensus conference organized by CoinDesk. And even though this year Vitalik Buterin, offended by a number of CoinDesk publications, urged the public to boycott this event, the organizers promise to break the attendance record of previous years.

At Consensus 2018 at least 7000 guests are expected, including more than 200 experts of the crypto industry (almost all of them are declared as speakers), representatives of governments and regulatory agencies, crypto enthusiasts, advisers, journalists and others involved. On the agenda are issues of cryptocurrency regulation, the impact of the SEC on the industry, blockchain government, the latest changes on the stock exchange and new decentralized solutions for the financial sector.

In terms of credibility Consensus can be compared with the G8 summit, but in the crypto world. Almost every year, this event had a positive impact on the cryptocurrency exchange rate, which can be traced to the schedules of 2015, 2016 and 2017. Although last year is not so indicative, it would be enough to say that such a powerful increase in the bitcoin rate is associated with only one conference, no matter how significant it is.

Notes this fact and co-founder of Fundstrat Global Advisors Tom Lee, who believes that Consensus 2018 will be "fuel for the new bitcoin rally." Note, however, that although the rate of the crypt really and undoubtedly grew after the Consensus, it did not happen instantly, but with a small failure before the breakthrough. Apparently, the public needed time to digest all the information received at the conference before pushing the market up.

Whether bitcoin will rush, and after it and altcoins, to heights from the middle of the next week, we do not undertake to predict. Definitely we can say that Consensus can be announced of news that can move the market up, but will kill if they desire "bears" to give bitcoin to cross the ten thousand overseas — time will tell.