Capitalization of the crypto market will reach $ 1.053 trillion after Consensus 2018?

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The fourth annual Consensus summit, devoted to the technology of blockchain, started today and will be completed in 2 days, on the 16th. More than 250 speakers and more than 4,000 participants gathered at the event in the New York Hilton Midtown, including politicians, entrepreneurs, technical managers, investors, representatives of financial institutions and many others.

The value of the summit for the crypto industry

The current event should significantly exceed last year’s, gathered more than 125 speakers and about 2700 participants, with 80+ sponsors and partners from 70 countries. According to the organizer, Coindesk, the event will be twice as large as last year.

Among the large companies that took part in the conference are Microsoft, IBM, Proctor and Gamble, Siemens, CME Ventures, Citi, Scotiabank, KPMG, PWC and many others. Assistance in the organization Consensus 2018 is provided by the Economic Development Corporation of New York.

The main question is: will the courses take off after Consensus 2018

The crypto community has high hopes and hopes to repeat last year’s rally in the crypto-currency market at the end of this event. During the Consensus 2017, the capitalization of the crypto-currency market grew by 27%, this was a very significant step. For comparison, during the Consensus 2016, this indicator grew by only 2.7%.

Some experts believe that bitcoin reached the $ 2000 mark in May last year thanks to this event. This is due, in particular, to the attention of the media to the world’s largest cryptocurrency.

If we consider that from 2016 to 2017, the growth of the crypto-currency market during the summit as a percentage increased 10 times, it is likely that this will happen again in 2018. If so, then the crypto-currency market will increase by 270% to $ 1.053 trillion in a couple of days with the current capitalization of $ 390 billion. And suddenly?

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