The chances that the value of the world’s leading cryptocurrency, Bitcoin (BTC) could soar in the next four months see more reasons to be accurate, as notable Bitcoin-influencing events will take place in the same month expected for the Bitcoin halving.
Coincidentally, the Bitcoin halving which is estimated to occur on May 12, 2020, according to bitcoinblockhalf.com, is likely to happen during the Blockchain Week in New York City, which features some of the most significant crypto events of the year include Consensus, and Magical Crypto Conference.
Precisely, Consensus is scheduled to hold from 11th to May 13. It is seen as one of the major global conferences that unite entrepreneurs, developers, traders, academics, students, etc., to collaborate, explore, and debate the future of cryptocurrencies and blockchain.
With the goal of deliberating on ideas and thoughts in a way that showcases the geographically and technologically diverse nature of crypto and blockchain Industry, Consensus since its inception in 2015, has set to become “state of the industry” event for matters that relate to the Industry.
Meanwhile, the Magical Crypto Conference (MCC2020) will be a two-day event starting from May 9 to 10; two days before Consensus. It tends to unite anyone, including technical decision-makers and strategy influencers around the world to discuss the technical approaches of Bitcoin.
How Consensus, MCC2020, And Bitcoin Halving Could Raise BTC Price
Cryptocurrency events can have an impact on Bitcoin price for the good, in the same manner as “Media Influence,” given that both help individuals gain a better knowledge of cryptocurrencies and Bitcoin, which potentially attract new people to the Industry.
Having a better knowledge of cryptos, especially Bitcoin, creates a level of trust for the system, hence, would enable such people to invest or companies to launch new products around Bitcoin and the crypto space in general. Often dubbed the “Consensus Pump,” other major announcements are made which somewhat influence the price of Bitcoin and the rest of crypto market to soar.
In an earlier post, we talked on how Bitcoin’s 2020 halving could affect BTC price. Most traders and investors today are purchasing more Bitcoin with the likelihood that the price will skyrocket after the halving in May, as was seen in months after the 2016 Bitcoin halving
Even recent Google Search charts suggest that the halving is still not priced in, making everything at this point appearing like the perfect setup for a massive bitcoin price movement.