As Bitcoin ($BTC ) enters this week’s Bitcoin Conference in Las Vegas trading at a record-breaking high above $109,000, I can't help but wonder: will this be the year it breaks what's become a consistent — and troubling — pattern of poor post-conference performance?
Looking back at historical data, it’s hard to ignore the trend. According to Galaxy Research, Bitcoin has typically struggled during and especially after these high-profile events. From San Francisco in 2019 to Nashville in 2024, five consecutive conferences have been followed by disappointing price action.
Take 2019, for instance. BTC dropped 10% during the conference and then crashed another 24% over the next month. The 2022 Miami conference saw a modest 1% dip during the event but was followed by a brutal 29% slide in the weeks after. Granted, both of those took place during bear markets.
More recently, the 2024 Nashville conference gave us a glimmer of hope — and a jolt of political drama — when then-presidential candidate Donald Trump floated the idea of a national strategic bitcoin reserve. Bitcoin climbed 4% during the event but quickly gave it all back and more, plunging 20% shortly afterward, partly due to the global risk-off sentiment sparked by the yen carry trade unwind.
Now in 2025, with institutional interest heating up and Vice President J.D. Vance slated to speak, the setup feels different. There's growing optimism, but also a psychological weight. These conferences have, time and again, turned into classic sell-the-news moments — and traders know it.$BTC
So the big question remains: can Bitcoin finally buck the trend in Las Vegas, or are we about to witness yet another post-conference letdown?
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