Thousands of cryptocurrency fans have travelled to Miami this week for the Bitcoin 2022 conference which runs from 06/04/2022 to 09/04/22 to network and discuss all things Bitcoin.
To coincide with the event the cities Mayor Francis Suarez unveiled a robot bull to emulate Wall Street’s Charging Bull and signify the bullish outlook for all things Bitcoin.
Critics however say the Bull signifies the growing greed in the crypto arena with blockchain startups raising billions of dollars and the conference line-up is a who’s who of fat cats, hosting multiple multi-millionaires giving talks and predictions on the future value of Bitcoin. One of the speakers on the first day of the conference, the American TV show Shark Tank Kevin O’Leary predicted the price of Bitcoin will be $302,857 by the end of the decade and will become the 12th Sector of the S&P 500.
It remains to be seen where the bitcoin price goes in the future, but many worry it is moving away from the original values of its creator Satoshi Nakamoto.
The current value of Bitcoin as of April 7th 2022 is $43570. There will be probably be some downward pressure on the price over the next few weeks as a number of Federal reserve board members yesterday indicated there will likely be a rate hike of 50 basis points which has hit stocks hard and we continue to see a strong correlation between the Nasdaq value and the BTC price. In the long run, Cryptathon believes in the value and utility of crypto technology and believes the only way for the Bitcoin price is up.