New York cryptocurrency conference triples in size, tracking for $17 million in ticket sales

Finance


“Whilst we apologize for any delays, Consensus 2018 has received overwhelming interest and is the largest blockchain-focused event ever held in the United States,” Jacob Donnelly, director of marketing at CoinDesk, said in a statement. “We are working to reduce the wait time.”

During last year’s conference, bitcoin accelerated its gains above $2,000. The cryptocurrency went on to top $19,000 seven months later in December. But it has since lost more than half its value and was trading near $8,700 Monday morning.

More than 20 other events, some with similarly high entrance fees, are scheduled around Consensus as part of a “Blockchain Week NYC,” an event run in partnership with the New York Economic Development Corporation.

“It is a bit chaotic in here,” said Ronnie Moas, head of independent market research firm Standpoint Research. “I think they sold too many tickets.”

“Everyone is here. A lot of the top 100 crypto names are here. The developers are here,” said Moas, who predicts bitcoin will triple to $28,000 by the end of 2019. He said he paid $2,999 for his ticket.



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