🚫 The historical phenomenon of the "conference curse"
The cryptocurrency world is witnessing an interesting phenomenon related to major Bitcoin conferences, as these events have become associated with a recurring pattern of price declines after their conclusion. As the community prepares for the Bitcoin 2025 conference in Las Vegas on May 27-29, investors are wondering whether the "conference curse" will continue this year as well.
💸 Bitcoin at the moment
According to the latest data, Bitcoin is currently trading at levels close to:
- Last closing price: $109,599.89
- Highest price (24 hours): $110,719.49
Lowest price (24 hours): $109,436.77
Although Bitcoin maintains record levels near $110,000, data shows a slight decline in the final hours ahead of the highly anticipated conference.
▶️The important thing is that we focus here 🔽
🔍 A look at the record of previous conferences:
Historically, major Bitcoin conferences have seen a recurring pattern of price declines:
- San Francisco 2019: 10% drop during the conference, followed by a 24% drop afterward
- Miami 2022: 1% drop during the conference, then a 29% collapse afterward
- Nashville 2024: 4% increase during the conference, followed by a rapid 20% decline
These patterns have led traders to treat Bitcoin conferences as a potential indicator of selling opportunities, known as "selling the news."
What makes the 2025 conference special?
The Bitcoin 2025 conference in Las Vegas has several distinct features:
1. Participation size: More than 30,000 participants are expected to attend.
2. Attempting to set a world record: According to sources, the conference aims to set a Guinness World Record.
3. Focus on practical use: Regulators' statements indicate a focus on demonstrating Bitcoin's functionality as a medium of exchange in the real world.
🗣️ Will the conference break the curse this time?
Although history suggests a correction is likely after the conference, there are factors that could change the equation this year:
- Institutional Fund Inflow: The continued entry of institutional investors into the Bitcoin market may provide stronger price support.
Market Maturity: The cryptocurrency market has become more mature compared to previous years.
- Global economic situation: Economic and political developments, including President Trump's statements about cooperation with the European Union, may affect market trends.
Conclusion
🗓While historical data suggests a potential pullback after the Bitcoin conference, the question remains as to whether the 2025 Las Vegas conference will break this pattern.
Regardless of the outcome, Bitcoin Conference 2025 remains an important event for understanding industry trends ➡️🟢
