The largest bitcoin-themed event was held in Miami, which was attended by over 12,000 people. Among the attendees were crypto enthusiasts, discussing the ongoing events in the market and exchanging information about crypto and blockchain in genearal.
The sold-out event gathered thousands of people who believe the future of payment is crypto, in particular bitcoin. A standard pass for the event was priced at $1,499.
The event was initially planned to take place in Los Angeles but was later moved to Miami due to the given Covid-19 situation. The first day of the conference was Whale Day, which required a special Whale Pass, and not everyone could attend it.
The main conference was held on June 4 and June 5, and the after-party was held on June 5 as well. Attendees were required to own an After Party ticket or Whale Pass to attend the event.
The event was postponed last year due to the Covid-19 restrictions, but on June 4-5, the first time in over a year, the event was held without masks or any restrictions. Such a huge conference can be a new sign of digital currencies nearing mainstream acceptance.
Bitcoin price has changed a lot since last year, hitting an all-time high in April 2021 of $64,000, and then plunging down to $36,000. While some attended the event only because of their interest in crypto, others said that the event was a signal that the pandemic is really nearing its end.
A Historic Event
The event was truly historic. For the first time, over 12,000 people gathered to celebrate the future of Bitcoin, as well as crypto in general. Many are saying that such a huge event, specifically in the current pandemic conditions, is a huge step forward for the whole cryptocurrency market, especially for Bitcoin.
Many exciting things were discussed during the event. While some attending the conferences were there simply to party, other real crypto enthusiasts went there to discuss the importance of Bitcoin and the future of money.
The after-parties of the event were held on the rooftops across the city. The mayor of the city also addressed the people gathered in Miami, saying that he is very much Bitcoin-friendly. Back in February, he had already announced that the city plans to start accepting tax payments in Bitcoin. In addition, the city also plans to let employees get paid in crypto.
However, the whole plan is still unclear. A common thing that most attendees said is “Bitcoin fixes everything”. This perfectly shows the whole sentiment of the event held in Miami.
One Step Closer to Mainstream
The president of El Salvador was among the participants of the event. He made an announcement regarding the country adopting Bitcoin as a legal tender, which was followed by massive cheering from the participants of the event.
Among the things discussed during the event were ways to make crypto more accessible to everyone. Some of the participants of the event talked about their favorite ways to trade crypto. They also exchanged ideas about the future of crypto and the ways to make profits from trading cryptocurrencies.
Trading bots was also a very active topic among the attendees of the event. While trading cryptocurrencies, there are many things that traders have to keep in mind. This includes the historical price movements, different types of news releases and reports, and so on.
To make crypto trading easier and more accessible for everyone, there are numerous companies that are offering traders different types of bots.
One of the most popular companies that offer traders trading bots is https://bitsgap.com/. For example, the Bitsgap Bot is used by many traders as it can connect with numerous exchanges. It is capable of automatically opening buy and sell orders, further reducing the time needed for trading.
One of the participants of the event, Tony Hawk, remembered the first time he heard about Bitcoin. He said that right after hearing about it he decided to buy Bitcoin back in 2012 because of its anonymity and speed.
After the event
The fact that the event was held successfully in Miami with over 12,000 participants means a lot for the crypto market. There were many well-known people who attended the event, among them were the Mayor of Miami, Francis Suarez, CEO of Twitter, Jack Dorsey, pro skateboarder Tony Hawk, and many others. This makes it one of the most important conferences that have been held regarding bitcoin.
Although many positive things were said during the conference, the price of bitcoin was down after the event. Some say that the main reason for this was the Tesla CEO Elon Musk’s comments made on Twitter.
Right after the conference, Musk went on Twitter to imply he was breaking up with the digital currency, sending the price of Bitcoin down. Although Musk was not in Miami, his presence was still somehow felt there. Most of the attendees of the conference claimed to be ignoring the statements made by Musk, saying that no one can stop bitcoin.