Highly volatile, the price of bitcoin could see a significant jump this week on the occasion of a highly anticipated event.
DISCLAIMER: This article does not constitute investment advice. Investing in cryptocurrencies comes with risks, you should be aware of this before investing your money. The information in this article is for informational purposes only. Le journal du geek disclaims all responsibility for any financial loss caused by the use of the information contained in its articles.
Known for its instability, bitcoin price could benefit from a significant rise in popularity in the coming days. An annual cryptocurrency conference will be held in Miami, United States, from April 6-9. This year, organizers have not cut back on funds as several dozen people are expected at the Miami Beach Convention Center.
Among them are bitcoin enthusiasts, but also several distinguished guests, such as Nayib Bukele, the president of El Salvador and the first political leader in have earned money as legal tender in his country. The event will also include the CEO of MicroStrategy Michael Saylor, the company that has invested the most in bitcoin to date, or the pro-crypto US Senator Cynthia Lummis. In all, nearly a dozen recognized market players should be in attendance at what is already shaping up to be the biggest crypto event of the year.
Expect a bitcoin rebound
The event already promises to have a significant impact on the price of bitcoin. It is recalled that the currency, like all cryptocurrencies, sees the rate fluctuate based on supply and demand. The more popular it is, the more expensive it becomes. While the president of El Salvador had already promised that a important announcement would be made at this conferenceit’s a safe bet that the currency will benefit from a jump.
That is why time to invest† Right away rate located at just under €42,000Bitcoin is not at its all-time low, but there is still a lot of room for improvement before it surpasses $60,000, its all-time high from last November. The detailed conference program is available herebut you will have to put your hand in your wallet to hope to attend the three days of events: count between $110 and $21,000, depending on the options offeredwith always the option to (of course) pay in bitcoin.