Overview

Bitcoin has a historical trend of suffering price drops around significant conferences. This week, the Bitcoin Asia event drew parallels to similar price action observed at the U.S.-based Bitcoin Conference.

Key Points:

• Bitcoin’s prices have recently dipped to $108,400, marking its lowest since July.
• The price typically declines following heightened marketing and expectations around these events, leading to what some term a conference curse.
• Present at the Bitcoin Asia conference were prominent figures like Eric Trump, CZ, and David Bailey, who discussed topics of ‘freedom money’ and institutional adoption.

Continued Trends

Historically, events like these have seen Bitcoin struggle post-conference as excitement grows and leads to inflated expectations that eventually result in a price drop. The upcoming discussions at this week’s conference follow similar narratives, showcasing the ongoing relationship between Bitcoin’s valuation and its associated events.