Consensus Conference in NYC Drawing Massive Crowd

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Updated: May 16, 2018, 08:59 UTC

The Consensus Conference wraps up in New York City today. The three-day event being held by CoinDesk has had a record turnout during its first two days, tripling last year’s attendance figures – even though a ticket to the summit cost two thousand dollars, and if you waited until the event got underway it set you back 3000 U.S Dollars.

The event is being attended by many of the top players in the cryptocurrency industry and conditions inside the conference are crowded. The event has sparked has sparked plenty of interesting quotes and is generating a wide audience. However, Ethereum founder, Vitalik Buterin has said he is not attending the event because he believes it is charging too much. Buterin said: “I refuse to personally contribute to that level of rent-seeking.”

But cynics will be quick to point out Buterin has gotten himself plenty of publicity by saying he is not attending.

Blockchain continued to receive good comments during the event. FedEx Chief Executive said: “Blockchain has the potential to completely revolutionize what’s across the border.”

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On Wednesday, Bitcoin was trading in a negative sentiment at $8217, down 5.84%.

Yaron Mazor is a senior analyst at SuperTraderTV.

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About the Author

Yaron Mazorcontributor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.