Consensus Summit NYC | Will It Create a Bull Run For Bitcoin Price?


The three day New York cryptocurrency conference kicked off on Monday. The Consensus Summit NYC see’s leading industry experts such as Twitter’s CEO Jack Dorsey, the Federal Reserve Bank of St. Louis President James Bullard and FedEx CEO Frederick Smith, talk about the emerging market and upcoming breakthroughs in the blockchain and crypto sphere.   

The size of the conference has grown three times larger since last years, this alone is a positive signal regarding the utilization and growing potential of cryptocurrency. Almost 8,500 market experts and traders are attending this conference.

Consensus attendees may come away with some innovative ideas – as blockchain technology is at the heart of the technological revolution:

Jeff Denton, the global secure supply chain senior director, said, “It’s expensive, but it’s the largest one in the U.S., so hopefully that brings the value for the cost,” he continued: “My company is very interested in blockchain and how it can be applied to health care.”

Will Consensus Summit NYC Create a Bull Run?

Bitcoin price (BTC) grew almost $2,000 during last years consensus conference, and the coin reached its all-time high in the following seven months.  BTC had also gained notable momentum during the first two calls that were held in 2014 and 2015.

Though the cryptocurrency market hasn’t made any notable movement yet, stakes are high for the bull-run. Experts like Tom Lee are predicting that BTC price could rally 70% in the short-term, he said, “Already one of the largest crypto conferences in the world, attendance this year is up dramatically and coming at a time when Bitcoin/Crypto is down YTD. Hence, we expect the Consensus rally to be even larger than past years.”

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