Very volatile, the price of bitcoin could experience a significant jump this week, on the occasion of a long-awaited event.
DISCLAIMER: This article does not constitute investment advice. Investing in cryptocurrencies involves risks, you have to be aware of them before investing your money. The information in this article is provided for informational purposes. Le journal du geek declines all responsibility for any financial loss caused by the use of the information provided in its articles.
Known for its instability, the price of bitcoin could benefit from a major spike in popularity in the coming days. From April 6 to 9, an annual cryptocurrency conference will be held in Miami in the United States. This year, the organizers have not skimped on the means, since several dozen people are expected at the Miami Beach Convention Center.
Among them, bitcoin enthusiasts but also several distinguished guests, such as Nayib Bukele, the president of El Salvador and the first political leader to have made the currency a legal currency 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 American senator Cynthia Lummis. In total, nearly a dozen recognized market players should be present, in what is already shaping up to be the biggest crypto event of the year.
A bitcoin rebound to be expected
The event already promises to have a significant impact on the price of bitcoin. It is recalled that like all cryptocurrencies, the currency sees its rate fluctuate according to 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.
Now is the time to invest. With a rate located at just under €42,000bitcoin is not at its all-time low, but it still has plenty of room for improvement before exceeding €60,000, its record high reached last November. The detailed program of the conference is available here, but 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 possibility of paying in bitcoin (obviously).