Consensus 2018 The Next Big Catalyst For Bitcoin

Robert Sluymer, the managing director and head of technical research at Fundstrat Global Advisor said that the next big catalyst for Bitcoin will the Consensus 2018 that will be held in New York.

This is the most important annual conference in the crypto sphere.

He states that bitcoin price is sitting above the 50-day moving average of $8,800-$8,200 and we will see pick up from there. They based their prediction is based past consensus 2015, 2016 and 2017.

It is expected that 8,000 people will attend the said event a lot more than last year where there were about 2,700 that attended.

Bitcoin Safest Place To Put Money According To Tim Draper

Tim Draper shares once again why bitcoin is such a great investment.

The billionaire venture capitalist told the hosts of CNBC’s “Closing Bell” that there is a major revolution taking place where there is a better currency that is more secure, effective and more useful.

He adds that compared to banks that is being hacked all the time bitcoin has never been hacked before.

Moreover he sites failures of fiat currencies that are issued by the governments due to political whims.

He closes his statement by saying that Bitcoin is not merely a fad but the future of the world.

Blockchain-Powered Beer Vending Machine At Consensus 2018

Civic and Anheuser-Busch InBev has partnered together to construct the very first blockchain-powered vending machine.

Civic is a company that helps users to control and protect their identities using their own proprietary Blockchain technology.

They will use proof of age to authenticate those users that can buy beer from the vending machine using bitcoins.

There is no indication if the vending machines will see the day of light outside conference since Blockchain-powered identification mechanism is yet to be implemented that confirms with current legal framework.

Heavy Investments By Big Banks In Blockchain And Crypto

Steve Chiavarone, A portfolio manager from a $354 billion investment firm, Federated Investors, states that the Blockchain technology will spur the fourth industrial revolution.

He also added that Blockchain will be one of the five key technologies that includes automation, robotics, AI and the Internet of things.

Moreover he states that if Blockchain startups and networks can succeed in replacing back offices, extensive labor, and eliminate costs involved in running chain it could lead to the next industrial revolution.

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