Tom Lee: Bitcoin Set To Rally on Consensus Conference
Thomas Lee, the famous Bitcoin Bull and the CEO at Fundstrat is in the news again with one of his many bitcoin predictions. According to Tom Lee and his team of researchers, Bitcoin is set to rally due to the upcoming 2018 Consensus Conference
The 2018 Consensus Conference is set to take place in the next week from May 14 to May 16. The 2018 Consensus Conference will be hosted by Coindesk and will take place in Manhattan.
The 2018 Consensus Conference will be taking place for the fourth year and Tom Lee in a note addressing clients says he expects the consensus rally to be even larger than what they have witnessed in the past years. It is believed that more than 7,000 people will be in attendance which is almost triple the 2,750 that attended the event last year.
Lee adds it’s worth noting that last year when the new attendance doubled, Bitcoin gained 69% during the consenses conference and 138% in the two months that followed.
Bitcoin has slipped 4.6% from its trading price on Saturday and it’s currently trading at $9,422. This is nothing new according to the Fundstart expert and has been witnessed many other occasions before the annual consensus meeting takes place.
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