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Can the Bitcoin 2025 Conference, supported by the Vice President, reverse the price downturn?
The Bitcoin 2025 conference is set to take place from May 27 to 29 at the Venetian Expo in Las Vegas. This global-scale Bitcoin event is expected to attract over 30,000 participants. One of the most notable highlights of this conference is that the Vice President of the United States will attend and deliver a keynote speech for the first time. Below is a brief analysis of several important points of focus for this conference.
follow point one: The vice president will deliver a speech.
The U.S. Vice President is expected to deliver a speech on May 28 at 9:00 AM PST (1:00 AM Beijing time on May 29) on the main stage. This marks the first time a sitting U.S. Vice President has publicly addressed a Bitcoin conference of this scale. His speech is anticipated to focus on themes such as innovation, financial sovereignty, and the role of Bitcoin in the future development of the United States.
The vice president publicly supported Bitcoin during his tenure as a senator, opposed excessive regulation, and criticized the leadership of regulatory agencies at the time. He personally holds a certain amount of Bitcoin, which further emphasizes his supportive stance on Bitcoin.
follow point two: Review of past Bitcoin conferences
Since its first event in 2011, the Bitcoin Conference has been held for over a decade. From the initial small-scale gatherings to today’s global event, each conference has witnessed the development of Bitcoin and the cryptocurrency industry. Below is a brief overview of some past Bitcoin Conferences:
2011: The first Bitcoin conference was held in New York City, mainly attended by early Bitcoin core developers and security researchers.
2013: The "The Future of Payments" conference held in California marked the beginning of Bitcoin receiving wider attention.
2019: The Bitcoin 2019 conference held in San Francisco attracted numerous industry leaders and well-known investors.
2021: At the Bitcoin 2021 conference held in Miami, the President of El Salvador announced that the country would adopt Bitcoin as legal tender, attracting global follow.
2024: The Bitcoin 2024 conference held in Nashville, Tennessee, featured several political figures and well-known personalities, showcasing the increasing influence of Bitcoin in mainstream society.
Follow point three: The conference's potential impact on Bitcoin prices.
By analyzing the market performance during and in the week following the last five Bitcoin conferences, we found that:
The specific data is as follows:
| Year | Bitcoin Conference Performance | Performance One Week After Conference | Performance from Start to One Week After Conference | |------|-----------|-----------|--------------| | 2019 | 18.98% | -10.34% | 6.62% | | 2021 | -8.04% | 0.40% | -7.68% | | 2022 | -5.27% | -5.30% | -10.29% | | 2023 | -0.44% | -0.61% | -1.04% | | 2024 | 3.73% | -10.61% | -7.28% |
Data shows that in the past five conferences, the price of Bitcoin has basically shown a downward trend in the short term, with performance not being optimistic. Even when important political figures attend and give speeches in 2024, the price of Bitcoin still experiences a significant correction in the following week.
conclusion
The Bitcoin 2025 Conference will undoubtedly become an important event in the cryptocurrency field. The attendance and speech of the Vice President may bring more follow and discussion to Bitcoin. However, based on historical data, the short-term impact of the conference on Bitcoin's price may not be as optimistic as expected. Investors and market participants should rationally consider the potential impact of the conference and focus on long-term development trends rather than short-term fluctuations.