The quantity of Cryptocurrency events and conferences in NYC is definitely skyrocketing. Statements are showing that entry earnings alone are generating huge amounts of money for the organizers.
But not everybody in the space are impressed by all these conferences, which one of the niches most well knows figures, Ethereum creator Vitalik Buterin expressing on Twitter a few weeks ago that he will almost certainly not be attending the Consensus conference this year because of the high cost of entry, together with apparently not being impressed with CoinDesk - he Tweeted "The conference costs $2-$3k to attend . I refuse to personally contribute to that level of rent seeking ," Buterin said . He added that CoinDesk "is recklessly complicit in enabling giveaway scams".
The most famous conference, Consensus which is ran by the online publication CoinDesk, is anticipated to generate a crowd of higher than 4000 women and men. Tickets for this conference are up to $2000 alone, which means you can pretty quickly see that this conference on its own would earn around $8mil for the company.
The number of conferences is seemingly unusual to many people, when you think that the cost of Bitcoin itself has seen an extremely volatile beginning of the year with it's price declining by over half . By December of 2017, BTC achieved a mammoth $19k+ and sharply dropped to around $6000 in the first couple of months. It could be that the quantity of conferences and attraction to Cryptocurrency and Bitcoin is an indicator that in spite of the erratic prices, they are without doubt not going anywhere soon. It was in fact after the 2017 CoinDesk Consensus that the price of BTC really skyrocketed - the value increased more than $2000 soon after the conference occurred . Numerous people are waiting to see if we are going to find similar value increases this year, will many crypto followers looking to see Bitcoin across that wonderful $10k range .
Apart from the Consensus conference, you can find two or three dozen other functions happening around the city in that point in time - which lots of people are calling Blockchain Week. A number of similar conferences are asking for equally pricey entrance fees.
Anyhow, huge numbers of people will certainly nevertheless attend and make the conferences successful.