❗️❗️Please set an alarm for 22:00 immediately after seeing this tweet❗️❗️
Today's Important Events! A Brief Discussion on Bitcoin Conference
This year’s Bitcoin conference will open at 22:00 Beijing time on July 25!
It is reported that former US President Donald Trump and Tesla CEO Elon Musk will be present at the event, and they will have an in-depth discussion on the future development of Bitcoin. This year's Bitcoin Conference is expected to be the most eye-catching in history. I believe that opportunities will appear one after another during the conference. Whether it is players in the primary market or the secondary market, they must pay close attention to the content of this year's Bitcoin Conference and the speeches of key figures! !
This Bitcoin conference is considered the most lively one in history. I think there are the following main reasons:
1. Special guests: The presence of former President Trump and CEO Musk has undoubtedly added great attention and news value to the conference. As a former president, Trump's political influence and popularity far exceed the field of cryptocurrency, and he is also supportive of cryptocurrency. As one of the most influential entrepreneurs in the world, Musk's words and actions have a direct impact on the cryptocurrency market. The arrival of these two heavyweight guests not only attracted great attention from the media and the public, but also indicated that this conference will explore more extensive and profound topics, which may have a significant impact on Bitcoin and its future development. It is also very likely that a series of meme coins similar to doge will be generated at the conference due to their words and deeds.
2. Trump shooting incident: Recently, Trump was almost shot in public, which aroused widespread attention and discussion around the world. This incident not only highlights Trump's political sensitivity, but also makes his every move attract much attention. His presence at the Bitcoin Conference is bound to push this event to a new climax of public opinion. For the community and the market, Trump's appearance and speech may form a new consensus and generate new opportunities!
I expect the theme of this conference to be combined with the current economy, talking about the key event of Bitcoin spot ETF, and also talking about the further development and innovation of the Bitcoin market. I think this is not only a gathering of industry leaders, but also a critical moment that may have a profound impact on the price and market sentiment of Bitcoin and its derivatives.
Here I summarize the themes of previous Bitcoin conferences and the price changes of Bitcoin during these periods:
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◼️2013: On May 17, the conference theme was "Bitcoin's Payment Future". The starting price was 118. One week after the conference, the price was 122, with a volatility of 3.39%.
◼️2014: On March 25, the conference theme was the regulation and legal framework of Bitcoin. The starting price was 563. One week after the conference, the price was 508, with a volatility of -9.76%.
◼️2015: On April 16, the theme of the conference was blockchain technology and decentralized applications. The starting price was 226. One week after the conference, the price was 233, with a volatility of 3.10%.
◼️2016: On May 2, the conference theme was Bitcoin expansion and scalability issues. The starting price was 449. One week after the conference, the price was 460, with a volatility of 2.45%.
◼️2017: On May 22, the theme of the conference was the global adoption and future prospects of Bitcoin. The starting price was 2081. One week after the conference, the price was 2303, with a volatility of 10.67%.
◼️2018: On May 14, the theme of the conference was Turbulence and Opportunities in the Crypto Market. The starting price was 8537. One week after the conference, the price was 8463, with a volatility of -0.87%.
◼️2019: On May 13, the theme of the conference was the rise of decentralized finance (DeFi). The starting price was 7171. One week after the conference, the price was 7982, with a volatility of 11.31%.
◼️2020: May 11, cancelled due to the epidemic, the original theme was the ecology of Bitcoin.
◼️2021: On June 4, the theme of the conference was Bitcoin and the Global Financial System. The starting price was 36894. One week after the conference, the price was 37452, with a volatility of 1.51%.
◼️2022: On April 6, the theme of the conference was the ecological impact and technological innovation of Bitcoin. The starting price was 45895. One week after the conference, the price was 39684, with a volatility of -13.52%.
◼️2023: On May 18, the conference theme was Green Bitcoin Mining and Ordinals Controversy. The starting price was 27669. One week after the conference, the price was 27459, with a volatility of -0.76%.
◼️2024: July 25, the starting price is 64086, and the subsequent price and volatility are worth looking forward to.
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✅We have found that Bitcoin conferences over the past decade have not only been important events in the cryptocurrency field, but also catalysts for market volatility. Judging from historical data, Bitcoin prices often experience significant fluctuations during the conference and the week after it, which is mainly affected by a variety of factors, including new technologies released at the conference, policy discussions, and fluctuations in market sentiment.
✅Next, I will summarize some phenomena during the Bitcoin conferences in previous years, and at the same time, give you some suggestions.
1. Market reaction:
(1) Uptrend: During several conferences, the Bitcoin price rose significantly within a week, such as 10.67% in 2017 and 11.31% in 2019. This rise is often associated with good news released at the conference, such as new technological breakthroughs, corporate collaborations or improvements in the regulatory environment.
(2) Downward trend: Similarly, there have been several times when the price of Bitcoin fell after the conference, such as -9.76% in 2014 and -13.52% in 2022. The decline may be due to market concerns about certain discussions (such as stricter regulations) or a correction caused by excessive hype before the conference.
2. Market sentiment and expectations:
(1) Emotional fluctuations: Participants in the Bitcoin market tend to have high expectations for the conference. Any positive or negative news will be quickly amplified, leading to drastic fluctuations in market sentiment.
(2) Investor expectations: With the presence of heavyweight guests such as Trump and Musk at this year’s conference, market expectations may be even higher. This may lead to a short-term rise in Bitcoin prices before and during the conference, but investors should be wary of a possible price correction after the conference.
3. Risks and opportunities:
(1) Short-term investment: For short-term investors, market fluctuations during the conference provide trading opportunities, but they are also accompanied by high risks. Short-term traders need to pay close attention to news releases and market reactions during the conference.
(2) Long-term investment: For long-term holders, although the volatility during the conference is drastic, it does not change the long-term value trend of Bitcoin. Long-term investors can use these fluctuations to optimize their holdings.
I have prepared my bullets, and I hope everyone can gain something tonight!!
Wish us good luck!!
